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Registered Number: SC085511
Scotland

 

 

 

DANATEC LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Danatec Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Danatec Limited for the year ended 31 August 2024 as set out on pages Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of Danatec Limited , as a body, in accordance with the terms of our engagement letter dated 31 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Danatec Limited and state those matters that we have agreed to state to the Board of Directors of Danatec Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Danatec Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Danatec Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Danatec Limited . You consider that Danatec 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 accounts of Danatec 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 account
31 August 2024










....................................................

Turner Accountancy Limited

101 Park Street
Motherwell
ML1 1PF
31 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,042,737    1,162,631 
1,042,737    1,162,631 
Current assets      
Stocks 165,863    145,139 
Debtors 428,108    456,548 
Cash at bank and in hand 155,202    244,098 
749,173    845,785 
Creditors: amount falling due within one year (602,664)   (783,450)
Net current assets 146,509    62,335 
 
Total assets less current liabilities 1,189,246    1,224,966 
Creditors: amount falling due after more than one year (478,892)   (606,702)
Provisions for liabilities (12,993)   (16,152)
Net assets 697,361    602,112 
 

Capital and reserves
     
Called up share capital 4 106    106 
Profit and loss account 697,255    602,006 
Shareholders' funds 697,361    602,112 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 May 2025 and were signed on its behalf by:


-------------------------------
Stephen McAuley
Director
2
General Information
Danatec Limited is a private company, limited by shares, registered in Scotland, registration number SC085511, registration address Monklands Pharmacy, 112 Deedes Street, Airdrie, ML6 9AF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 1% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 20 (2023 : 20).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2023 1,365,080    319,353    138,960    1,823,393 
Additions      
Disposals (95,556)       (95,556)
At 31 August 2024 1,269,524    319,353    138,960    1,727,837 
Depreciation
At 01 September 2023 286,074    258,277    116,411    660,762 
Charge for year 18,484    9,161    3,382    31,027 
On disposals (6,689)       (6,689)
At 31 August 2024 297,869    267,438    119,793    685,100 
Net book values
Closing balance as at 31 August 2024 971,655    51,915    19,167    1,042,737 
Opening balance as at 01 September 2023 1,079,006    61,076    22,549    1,162,631 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
106 Class A shares of £1.00 each 106    106 
106    106 

5.

Prior Period Accounting Adjustment

During the current period, the directors identified a material invoice amounting to £62,358 which related to the year ended 31 August 2023 but had not been recorded in those financial statements. The error has been corrected by restating the comparative figures for that period. As a result, cost of sales and creditors have both increased by £62,358 and the profit for the year ended 31 August 2023 has been reduced accordingly.
3