Company registration number SC371917 (Scotland)
DOLLAR TOP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DOLLAR TOP LIMITED
COMPANY INFORMATION
Directors
S G Russell
E I Cameron
I Cumming
Secretary
E Shearer
Company number
SC371917
Registered office
7 Evanton Drive
Thornliebank Industrial Estate
Glasgow
United Kingdom
G46 8HL
Auditor
Azets Audit Services
Titanium 1
Kings Inch Place
Renfrew
United Kingdom
PA4 8WF
DOLLAR TOP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DOLLAR TOP LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Capital and reserves
Called up share capital
3
666,669
666,669
Profit and loss reserves
(666,669)
(666,669)
Total equity
-
0
-
0

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 May 2025 and are signed on its behalf by:
S G Russell
Director
Company Registration No. SC371917
DOLLAR TOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Dollar Top Limited is a private company limited by shares incorporated in Scotland. The registered office is 7 Evanton Drive, Thornliebank Industrial Estate, Glasgow, United Kingdom, G46 8HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Dollar Top Limited is a wholly owned subsidiary of William Morton Limited and the results of Dollar Top Limited are included in the consolidated financial statements of William Morton Limited which are available from 7 Evanton Drive, Glasgow, G46 8HL.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DOLLAR TOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200,003
200,003
200,003
200,003
A Ordinary shares of £1 each
466,666
466,666
466,666
466,666
666,669
666,669
666,669
666,669

The company has two classes of ordinary shares which carry no right to fixed income. Both classes of shares have equal voting rights. A ordinary shares have priority on the return of capital or on distribution of assets.

4
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Jennifer Alexander
Statutory Auditor:
Azets Audit Services
DOLLAR TOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
5
Financial commitments, guarantees and contingent liabilities

A cross guarantee exists between Dollar Top Limited and other related undertakings in respect of bank borrowings.

 

The undertakings amongst which cross guarantees exist are as follows:

 

William Morton Limited, Inverarity Vaults Limited, Dollar Prop Limited, Dollar Top Limited, JA Glass Limited and Forth Wines Limited.

6
Parent company

William Morton Limited, a company registered in Scotland, is the parent company of Dollar Top Limited.

 

Dollar Top Limited is controlled by the shareholders of William Morton Limited.

The ultimate parent company of Dollar Top Limited was ABA Equity Limited, the parent company of William Morton Limited. ABA Equity Limited is a company registered in Scotland.

The smallest group in which the company's results are consolidated are William Morton Limited. A copy of the consolidated financial statements can be obtained 7 Evanton Drive, Glasgow, G46 8HL.

 

The largest group in which the company's results are consolidated are ABA Equity Limited, a company registered in Scotland.

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