IRIS Accounts Production v25.1.0.734 SC134681 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1346812023-10-31SC1346812024-10-31SC1346812023-11-012024-10-31SC1346812022-10-31SC1346812022-11-012023-10-31SC1346812023-10-31SC134681ns15:Scotland2023-11-012024-10-31SC134681ns14:PoundSterling2023-11-012024-10-31SC134681ns10:Director12023-11-012024-10-31SC134681ns10:Director22023-11-012024-10-31SC134681ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC134681ns10:SmallEntities2023-11-012024-10-31SC134681ns10:AuditExemptWithAccountantsReport2023-11-012024-10-31SC134681ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC134681ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC134681ns10:FullAccounts2023-11-012024-10-31SC134681ns10:CompanySecretary12023-11-012024-10-31SC134681ns10:RegisteredOffice2023-11-012024-10-31SC134681ns5:CurrentFinancialInstruments2024-10-31SC134681ns5:CurrentFinancialInstruments2023-10-31SC134681ns5:Non-currentFinancialInstruments2024-10-31SC134681ns5:Non-currentFinancialInstruments2023-10-31SC134681ns5:ShareCapital2024-10-31SC134681ns5:ShareCapital2023-10-31SC134681ns5:RetainedEarningsAccumulatedLosses2024-10-31SC134681ns5:RetainedEarningsAccumulatedLosses2023-10-31SC134681ns5:LandBuildings2023-10-31SC134681ns5:PlantMachinery2023-10-31SC134681ns5:LandBuildings2023-11-012024-10-31SC134681ns5:PlantMachinery2023-11-012024-10-31SC134681ns5:LandBuildings2024-10-31SC134681ns5:PlantMachinery2024-10-31SC134681ns5:LandBuildings2023-10-31SC134681ns5:PlantMachinery2023-10-31SC134681ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-31SC134681ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-31SC134681ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-31SC134681ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-31SC134681ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC134681ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC134681ns5:DeferredTaxation2023-10-31SC134681ns5:DeferredTaxation2024-10-31
REGISTERED NUMBER: SC134681 (Scotland)


















Financial Statements for the Year Ended 31 October 2024

for

DKR AGRICULTURAL SERVICES LIMITED

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

DKR AGRICULTURAL SERVICES LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D A Doig
K Doig





SECRETARY: Miss S J Doig





REGISTERED OFFICE: Westfield
Coulter
Biggar
Lanarkshire
ML12 6HN





REGISTERED NUMBER: SC134681 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 368,101 504,391

CURRENT ASSETS
Stocks 1,191,826 1,873,385
Debtors 5 781,341 385,570
Cash at bank and in hand 263,240 492,300
2,236,407 2,751,255
CREDITORS
Amounts falling due within one year 6 654,625 1,191,827
NET CURRENT ASSETS 1,581,782 1,559,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,949,883

2,063,819

CREDITORS
Amounts falling due after more than one
year

7

(61,488

)

(90,450

)

PROVISIONS FOR LIABILITIES 8 (67,045 ) (91,239 )
NET ASSETS 1,821,350 1,882,130

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,811,350 1,872,130
SHAREHOLDERS' FUNDS 1,821,350 1,882,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Balance Sheet - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:




D A Doig - Director



K Doig - Director


DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

DKR Agricultural Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation on tangible fixed assets is provided on a straight line basis at the following rates which are anticipated will write off the cost of the assets over the period of their expected useful lives.
Buildings - 6%
Equipment & fittings -15%
Motor vehicles -25%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

In addition the company contributes for its relevant employees into an auto enrolement scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
Buildings etc Totals
£    £    £   
COST
At 1 November 2023 153,372 1,053,333 1,206,705
Additions - 198,270 198,270
Disposals - (302,664 ) (302,664 )
At 31 October 2024 153,372 948,939 1,102,311
DEPRECIATION
At 1 November 2023 96,392 605,922 702,314
Charge for year 4,496 189,512 194,008
Eliminated on disposal - (162,112 ) (162,112 )
At 31 October 2024 100,888 633,322 734,210
NET BOOK VALUE
At 31 October 2024 52,484 315,617 368,101
At 31 October 2023 56,980 447,411 504,391

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 483,186
Additions 198,270
Disposals (264,500 )
Transfer to ownership (89,685 )
At 31 October 2024 327,271
DEPRECIATION
At 1 November 2023 163,591
Charge for year 94,215
Eliminated on disposal (140,645 )
Transfer to ownership (34,380 )
At 31 October 2024 82,781
NET BOOK VALUE
At 31 October 2024 244,490
At 31 October 2023 319,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 731,540 378,601
Other debtors 49,801 6,969
781,341 385,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 136,931 196,659
Hire purchase contracts 73,060 85,181
Trade creditors 201,904 732,230
Corporation tax 3,821 42,370
Social security and other taxes 193,127 61,606
Directors' current accounts 9,989 18,667
Accrued expenses 35,793 55,114
654,625 1,191,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 61,488 90,450

DKR AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: SC134681)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 67,045 91,239

Deferred
tax
£   
Balance at 1 November 2023 91,239
Accelerated capital allowances (24,194 )
Balance at 31 October 2024 67,045

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DKR Agricultural Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DKR Agricultural Services Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the 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 https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of DKR Agricultural Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DKR Agricultural Services Limited and state those matters that we have agreed to state to the Board of Directors of DKR Agricultural Services Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DKR Agricultural Services 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 loss of DKR Agricultural Services Limited. You consider that DKR Agricultural Services 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 DKR Agricultural Services 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.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL


28 March 2025