2023-11-01 SC517354 2024-10-31 SC517354 2023-11-01 2024-10-31 SC517354 2023-10-31 SC517354 2022-11-01 2023-10-31 SC517354 uk-core:WithinOneYear 2023-10-31 SC517354 uk-core:WithinOneYear 2024-10-31 SC517354 uk-core:AfterOneYear 2023-10-31 SC517354 uk-core:AfterOneYear 2024-10-31 SC517354 uk-core:ShareCapital 2024-10-31 SC517354 uk-core:ShareCapital 2023-10-31 SC517354 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC517354 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC517354 uk-bus:Director1 2023-11-01 2024-10-31 SC517354 uk-core:PlantMachinery 2023-11-01 2024-10-31 SC517354 uk-core:ToolsEquipment 2023-11-01 2024-10-31 SC517354 uk-core:MotorVehicles 2023-11-01 2024-10-31 SC517354 uk-core:ToolsEquipment 2023-10-31 SC517354 uk-core:MotorVehicles 2023-10-31 SC517354 uk-core:PlantMachinery 2023-10-31 SC517354 uk-core:PlantMachinery 2024-10-31 SC517354 uk-core:MotorVehicles 2024-10-31 SC517354 uk-core:ToolsEquipment 2024-10-31 SC517354 uk-core:WithinOneYear 2023-11-01 2024-10-31 SC517354 uk-core:AfterOneYear uk-core:Secured 2024-10-31 SC517354 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure SC517354 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC517354 uk-bus:FRS102 2023-11-01 2024-10-31 SC517354 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 SC517354 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Diggin Furniture Ltd
Registered Number:SC517354
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
2
Registered Number :
SC517354
As at 31 October 2024
Diggin Furniture Ltd
Statement of Financial Position
Restated
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
46,202
51,449
2
46,202
51,449
Current assets
Trade and other receivables
3,262
9,005
3
48,053
Cash and cash equivalents
2,687
11,692
51,315
Trade and other payables: amounts falling due within one
year
(31,209)
(27,889)
4
20,106
(16,197)
Net current liabilities
Total assets less current liabilities
30,005
71,555
Trade and other payables: amounts falling due after more
than one year
(30,672)
(19,561)
5
10,444
Net assets
40,883
Capital and reserves
Called up share capital
100
100
Retained earnings
10,344
40,783
10,444
40,883
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Sean Diggin Director
These financial statements were approved and authorised for issue by the Board on 05 June 2025 and were signed by:
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3
Registered Number :
SC517354
For the year ended 31 October 2024
Diggin Furniture Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Diggin Furniture Ltd
Notes to the Financial Statements
Statutory Information
Diggin Furniture Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC517354.
Registered address:
Unit 1A Newbattle Abbey Business Park
Newbattle Road
Newbattle
Eskbank
EH22 3LJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 October 2024
Diggin Furniture Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 November 2023
132,693
3,365
37,145
92,183
10,155
3,727
-
6,428
Additions
At 31 October 2024
98,611
37,145
7,092
142,848
Provision for depreciation and impairment
At 01 November 2023
81,244
2,080
14,969
64,195
Charge for year
15,402
1,253
5,544
8,605
At 31 October 2024
96,646
3,333
20,513
72,800
At 31 October 2024
Net book value
25,811
16,632
3,759
46,202
At 31 October 2023
27,988
22,176
1,285
51,449
3. Trade and other receivables
2023
2024
£
£
Other debtors
9,005
3,262
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
140
6,076
Taxation and social security
26,549
23,461
Other creditors
1,200
1,672
27,889
31,209
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
19,561
30,672
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6
For the year ended 31 October 2024
Diggin Furniture Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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