9 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC367732 2023-12-01 2024-11-30 SC367732 2024-11-30 SC367732 2023-11-30 SC367732 2022-12-01 2023-11-30 SC367732 2023-11-30 SC367732 2022-11-30 SC367732 core:NetGoodwill 2023-12-01 2024-11-30 SC367732 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 SC367732 core:OnerousContractsExcludingVacantProperties 2023-12-01 2024-11-30 SC367732 bus:RegisteredOffice 2023-12-01 2024-11-30 SC367732 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 SC367732 bus:Director1 2023-12-01 2024-11-30 SC367732 bus:Director2 2023-12-01 2024-11-30 SC367732 core:NetGoodwill 2024-11-30 SC367732 core:FurnitureFittingsToolsEquipment 2023-11-30 SC367732 core:FurnitureFittingsToolsEquipment 2024-11-30 SC367732 core:WithinOneYear 2024-11-30 SC367732 core:WithinOneYear 2023-11-30 SC367732 core:ShareCapital 2024-11-30 SC367732 core:ShareCapital 2023-11-30 SC367732 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC367732 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC367732 core:NetGoodwill 2023-11-30 SC367732 core:FurnitureFittingsToolsEquipment 2023-11-30 SC367732 bus:SmallEntities 2023-12-01 2024-11-30 SC367732 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC367732 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC367732 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC367732 bus:FullAccounts 2023-12-01 2024-11-30
Company registration number: SC367732
Dryburgh Associates Limited
Unaudited filleted financial statements
30 November 2024
Dryburgh Associates Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Dryburgh Associates Limited
Directors and other information
Directors Scott Dryburgh
June Dryburgh
Company number SC367732
Registered office Causewayhead
Kennoway
Leven
Fife
KY8 5LB
Accountants Paterson Boyd & Co
8 Mitchell Street
Leven
Fife
KY8 4HJ
Bankers The Royal Bank of Scotland
23/25 Rosslyn Street
Kirkcaldy
Fife
KY1 3HW
Dryburgh Associates Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Dryburgh Associates Limited
Year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dryburgh Associates Limited for the year ended 30 November 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Dryburgh Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Dryburgh Associates Limited and state those matters that we have agreed to state to the board of directors of Dryburgh Associates Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dryburgh Associates Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Dryburgh Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dryburgh Associates Limited. You consider that Dryburgh Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Dryburgh Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paterson Boyd & Co
Chartered Certified Accountants
8 Mitchell Street
Leven
Fife
KY8 4HJ
29 April 2025
Dryburgh Associates Limited
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 3,802 5,933
_______ _______
3,802 5,933
Current assets
Debtors 7 115,638 89,640
Cash at bank and in hand 9,832 104,569
_______ _______
125,470 194,209
Creditors: amounts falling due
within one year 8 ( 67,997) ( 96,396)
_______ _______
Net current assets 57,473 97,813
_______ _______
Total assets less current liabilities 61,275 103,746
Provisions for liabilities ( 722) ( 1,127)
_______ _______
Net assets 60,553 102,619
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account 60,353 102,419
_______ _______
Shareholders funds 60,553 102,619
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
June Dryburgh
Director
Company registration number: SC367732
Dryburgh Associates Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Causewayhead, Kennoway, Leven, Fife, KY8 5LB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10.00 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20.00 % reducing balance
Computer equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 December 2023 and 30 November 2024 300,000 300,000
_______ _______
Amortisation
At 1 December 2023 and 30 November 2024 300,000 300,000
_______ _______
Carrying amount
At 30 November 2024 - -
_______ _______
At 30 November 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 December 2023 18,619 21,105 39,724
Additions - 1,405 1,405
_______ _______ _______
At 30 November 2024 18,619 22,510 41,129
_______ _______ _______
Depreciation
At 1 December 2023 15,649 18,143 33,792
Charge for the year 597 2,938 3,535
_______ _______ _______
At 30 November 2024 16,246 21,081 37,327
_______ _______ _______
Carrying amount
At 30 November 2024 2,373 1,429 3,802
_______ _______ _______
At 30 November 2023 2,970 2,962 5,932
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 111,272 85,279
Other debtors 4,366 4,361
_______ _______
115,638 89,640
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 133 13
Corporation tax 16,226 40,059
Social security and other taxes 47,154 51,650
Other creditors 4,484 4,674
_______ _______
67,997 96,396
_______ _______
Included in Other Creditors is an amount of £394 (2022:£78) due to the director from the company. This loan is interest free and has no fixed terms of repayment.
9. Related party transactions
Included in "Other creditors" is an amount of £303 (2023: £394) due to the director from the company. This loan is interest free and has no fixed terms of repayment.