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REGISTERED NUMBER: SC259918 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

DRUMMOND ENGINEERING LTD

DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

DRUMMOND ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: Mr W M D Morrison
Mrs A M Morrison





REGISTERED OFFICE: 25 Wallace Way
Fraserburgh
Aberdeenshire
AB43 7FJ





REGISTERED NUMBER: SC259918 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,702 94,598
Investments 5 272,969 239,150
376,671 333,748

CURRENT ASSETS
Debtors 6 1,247 164,201
Cash at bank 379,578 87,508
380,825 251,709
CREDITORS
Amounts falling due within one year 7 76,439 52,884
NET CURRENT ASSETS 304,386 198,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,057

532,573

CREDITORS
Amounts falling due after more than one
year

8

(9,040

)

(20,417

)

PROVISIONS FOR LIABILITIES (7,985 ) (16,739 )
NET ASSETS 664,032 495,417

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 664,030 495,415
SHAREHOLDERS' FUNDS 664,032 495,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

BALANCE SHEET - continued
30TH NOVEMBER 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 14th July 2025 and were signed on its behalf by:





Mr W M D Morrison - Director


DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Drummond Engineering 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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.

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 2 (2023 - 3 ) .

DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st December 2023 6,497 124,290 5,053 135,840
Additions - 41,402 - 41,402
Disposals - (33,730 ) - (33,730 )
At 30th November 2024 6,497 131,962 5,053 143,512
DEPRECIATION
At 1st December 2023 - 37,550 3,692 41,242
Charge for year - 23,998 341 24,339
Eliminated on disposal - (25,771 ) - (25,771 )
At 30th November 2024 - 35,777 4,033 39,810
NET BOOK VALUE
At 30th November 2024 6,497 96,185 1,020 103,702
At 30th November 2023 6,497 86,740 1,361 94,598

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1st December 2023 239,150
Revaluations 33,819
At 30th November 2024 272,969
NET BOOK VALUE
At 30th November 2024 272,969
At 30th November 2023 239,150

Cost or valuation at 30th November 2024 is represented by:

Listed
investments
£   
Valuation in 2020 7,452
Valuation in 2021 7,339
Valuation in 2022 (19,822 )
Valuation in 2023 (5,819 )
Valuation in 2024 33,819
Cost 250,000
272,969

DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

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

5. FIXED ASSET INVESTMENTS - continued

If Investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 250,000 250,000
Aggregate provisions (22,969 ) (10,850 )

Investments were valued on an open market basis on 30th November 2024 by Acumen Financial Planning .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,247 1,681
Accrued income - 162,520
1,247 164,201

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,377 10,605
Trade creditors 105 105
Corporation tax 64,281 40,816
Other creditors 118 1,181
Director's current account 558 177
76,439 52,884

The Loan from the director is interest free and there is no fixed repayment term.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 9,040 20,417

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DRUMMOND ENGINEERING LTD (REGISTERED NUMBER: SC259918)

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 Drummond Engineering Ltd for the year ended 30th November 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Drummond Engineering Ltd, 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 Drummond Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of Drummond Engineering Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

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 Drummond Engineering Ltd 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 profit of Drummond Engineering Ltd. You consider that Drummond Engineering Ltd 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 Drummond Engineering Ltd. 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.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


14th July 2025