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REGISTERED NUMBER: SC404391 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Deanston Cooper Ltd

Deanston Cooper Ltd (Registered number: SC404391)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deanston Cooper Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Russell McCaig





REGISTERED OFFICE: 3 Burnhead Road
Glasgow
G43 2SU





REGISTERED NUMBER: SC404391 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Deanston Cooper Ltd (Registered number: SC404391)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 807 1,077

CURRENT ASSETS
Work in progress 27,160 24,375
Debtors 5 10,486 7,336
Investments 6 5,000 5,000
Cash at bank 62,348 88,723
104,994 125,434
CREDITORS
Amounts falling due within one year 7 21,856 19,746
NET CURRENT ASSETS 83,138 105,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,945

106,765

CREDITORS
Amounts falling due after more than one
year

8

(7,500

)

(16,500

)

PROVISIONS FOR LIABILITIES 9 (153 ) (205 )
NET ASSETS 76,292 90,060

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 76,192 89,960
SHAREHOLDERS' FUNDS 76,292 90,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Deanston Cooper Ltd (Registered number: SC404391)

Balance Sheet - continued
31 August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





Russell McCaig - Director


Deanston Cooper Ltd (Registered number: SC404391)

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

1. STATUTORY INFORMATION

Deanston Cooper 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

Intangible fixed assets - computer software
Amortisation is provided at the rate of 20% per annum, on a straight line basis, in order to write off each asset over its useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Deanston Cooper Ltd (Registered number: SC404391)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Deanston Cooper Ltd (Registered number: SC404391)

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

4. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 150 8,777 8,927
DEPRECIATION
At 1 September 2023 139 7,711 7,850
Charge for year 2 268 270
At 31 August 2024 141 7,979 8,120
NET BOOK VALUE
At 31 August 2024 9 798 807
At 31 August 2023 11 1,066 1,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,750 6,600
Other debtors 736 736
10,486 7,336

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 5,000 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Taxation and social security 9,587 7,680
Other creditors 3,269 3,066
21,856 19,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 7,500 16,500

Deanston Cooper Ltd (Registered number: SC404391)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 153 205

Deferred
tax
£   
Balance at 1 September 2023 205
Provided during year (52 )
Balance at 31 August 2024 153

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is Russell McCaig.