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REGISTERED NUMBER: SC313476 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DISCOVER SCOTLAND TOURS LTD.

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DISCOVER SCOTLAND TOURS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M M Colhoun





REGISTERED OFFICE: Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA





REGISTERED NUMBER: SC313476 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 844,543 624,688
844,543 624,688

CURRENT ASSETS
Debtors 6 295,732 295,350
Cash at bank and in hand 257,421 247,415
553,153 542,765
CREDITORS
Amounts falling due within one year 7 521,065 512,374
NET CURRENT ASSETS 32,088 30,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

876,631

655,079

CREDITORS
Amounts falling due after more than one
year

8

(360,764

)

(309,318

)

PROVISIONS FOR LIABILITIES 10 (193,046 ) (121,642 )
NET ASSETS 322,821 224,119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 322,721 224,019
SHAREHOLDERS' FUNDS 322,821 224,119

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 director acknowledges his 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.

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2025 and were signed by:





M M Colhoun - Director


DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Discover Scotland Tours Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Following the ongoing COVID-19 pandemic, the directors have undertaken a review of the trading forecasts and cashflows of the company taking account of the working capital position, the ongoing support of the directors and shareholders and business support measures provided by local and national government.

After making enquiries, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the accounts continue to be prepared on the going concern basis.

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

The company recognises revenue when the amount can be reliably measured and performance obligations are satisfied for the delivery of services to its customers.

Intangible fixed assets
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Website 20% straight line basis

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 15% on cost and 10% 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.


DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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
Rentals payable under operating leases are charged in the profit and loss accounts on a straight line basis over the term of the lease.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 3,630
AMORTISATION
At 1 October 2023
and 30 September 2024 3,630
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 3,270 50,602 973,241 28,367 1,055,480
Additions 1,190 - 382,000 2,817 386,007
Disposals - - (128,470 ) - (128,470 )
At 30 September 2024 4,460 50,602 1,226,771 31,184 1,313,017
DEPRECIATION
At 1 October 2023 1,690 27,319 378,849 22,934 430,792
Charge for year 356 5,043 114,907 3,046 123,352
Eliminated on disposal - - (85,670 ) - (85,670 )
At 30 September 2024 2,046 32,362 408,086 25,980 468,474
NET BOOK VALUE
At 30 September 2024 2,414 18,240 818,685 5,204 844,543
At 30 September 2023 1,580 23,283 594,392 5,433 624,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 960,741
Additions 382,000
Disposals (128,470 )
At 30 September 2024 1,214,271
DEPRECIATION
At 1 October 2023 377,755
Charge for year 113,595
Eliminated on disposal (85,670 )
At 30 September 2024 405,680
NET BOOK VALUE
At 30 September 2024 808,591
At 30 September 2023 582,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 27,728 12,577
Other debtors 268,004 282,773
295,732 295,350

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 17,000 17,000
Hire purchase contracts 182,365 198,493
Trade creditors 45,890 48,315
Taxation and social security 77,108 97,969
Other creditors 198,702 150,597
521,065 512,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 11,333 28,333
Hire purchase contracts 323,930 234,431
Other creditors 25,501 46,554
360,764 309,318

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 506,295 432,924
Other loans 46,554 67,606
552,849 500,530

Hire purchase creditors are secured over the specific assets financed. Other loans are secured by a bond and floating charge over all assets,

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 193,046 121,642

Deferred
tax
£   
Balance at 1 October 2023 121,642
Provided during year 71,404
Balance at 30 September 2024 193,046

11. OTHER FINANCIAL COMMITMENTS

The total minimum operating lease commitments at the balance sheet date were £6,000 (2023: £6,000).

DISCOVER SCOTLAND TOURS LTD. (REGISTERED NUMBER: SC313476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
M M Colhoun and M M Colhoun
Balance outstanding at start of year 240,109 -
Amounts advanced 24,771 240,109
Amounts repaid (84,140 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180,740 240,109

Interest of 2.25% has been charged on the overdrawn balance. There are no fixed repayment terms.