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REGISTERED NUMBER: SC162878 (Scotland)















Defco 2000 Limited

Financial Statements For The Year Ended 30 September 2024






Defco 2000 Limited (Registered number: SC162878)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Defco 2000 Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: Ms R Mark
Mr D W Lumsden



SECRETARY: Grigor & Young LLP



REGISTERED OFFICE: 1 North Street
Elgin
Moray
IV30 1UA



REGISTERED NUMBER: SC162878 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Scottish Building Society
SBS House
193 Dalry Road
Edinburgh
EH11 2EF

Defco 2000 Limited (Registered number: SC162878)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,026,215 700,513

CURRENT ASSETS
Debtors 5 491,872 498,994
Cash at bank 3,692 83,139
495,564 582,133
CREDITORS
Amounts falling due within one year 6 272,741 75,023
NET CURRENT ASSETS 222,823 507,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249,038

1,207,623

ACCRUALS AND DEFERRED INCOME 7 1,213,928 1,172,513
NET ASSETS 35,110 35,110

RESERVES
Income and expenditure account 8 35,110 35,110
35,110 35,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 surplus or deficit 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.

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 21 April 2025 and were signed on its behalf by:



Ms R Mark - Director


Defco 2000 Limited (Registered number: SC162878)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Defco 2000 Limited is a private company, limited by guarantee , 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost, 10% on cost and 5% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Defco 2000 Limited (Registered number: SC162878)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023 2,604,827
Additions 413,811
At 30 September 2024 3,018,638
DEPRECIATION
At 1 October 2023 1,904,314
Charge for year 88,109
At 30 September 2024 1,992,423
NET BOOK VALUE
At 30 September 2024 1,026,215
At 30 September 2023 700,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 11,540 142,889
Other debtors 480,332 356,105
491,872 498,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 251,146 -
Taxation and social security - 50,743
Other creditors 21,595 24,280
272,741 75,023

Defco 2000 Limited (Registered number: SC162878)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

7. ACCRUALS AND DEFERRED INCOME
30.9.24 30.9.23
£    £   
Accruals and deferred income 1,213,928 1,172,513

Members capital levies represent the contributions made to the company by the member companies for the purchase of the pipeline and associated capital expenditure. The levies carried forward represent the following capital projects:

£
Future capital expenditure 257,539
Replacement of Rising Main 0
Roseisle Pumping Station 239,837
Burghead Outfall extension 711,958
Pipeline 4,594
1,213,928

These amount will be released to the profit and loss account over the lives of the assets concerned as the underlying assets are depreciated or when associated costs are incurred.

8. RESERVES
Income
and
expenditure
account
£   

At 1 October 2023 35,110
Surplus for the year -
At 30 September 2024 35,110

9. RELATED PARTY DISCLOSURES

All of the company's income arises from its member companies and all of the trade receivables were owed by member companies at 30 September 2024.

10. LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.