0 0 Dovelight Ltd SC462134 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is the provision of counselling and alternative therapies. Digita Accounts Production Advanced 6.30.9574.0 true true true SC462134 2023-11-01 2024-10-31 SC462134 2024-10-31 SC462134 core:CurrentFinancialInstruments 2024-10-31 SC462134 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 SC462134 core:FurnitureFittingsToolsEquipment 2024-10-31 SC462134 core:LandBuildings 2024-10-31 SC462134 bus:SmallEntities 2023-11-01 2024-10-31 SC462134 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC462134 bus:FilletedAccounts 2023-11-01 2024-10-31 SC462134 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC462134 bus:RegisteredOffice 2023-11-01 2024-10-31 SC462134 bus:Director1 2023-11-01 2024-10-31 SC462134 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC462134 bus:Agent1 2023-11-01 2024-10-31 SC462134 core:FurnitureFittings 2023-11-01 2024-10-31 SC462134 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 SC462134 core:LandBuildings 2023-11-01 2024-10-31 SC462134 core:OfficeEquipment 2023-11-01 2024-10-31 SC462134 1 2023-11-01 2024-10-31 SC462134 countries:Scotland 2023-11-01 2024-10-31 SC462134 2023-10-31 SC462134 core:FurnitureFittingsToolsEquipment 2023-10-31 SC462134 core:LandBuildings 2023-10-31 SC462134 2022-11-01 2023-10-31 SC462134 2023-10-31 SC462134 core:CurrentFinancialInstruments 2023-10-31 SC462134 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC462134 core:FurnitureFittingsToolsEquipment 2023-10-31 SC462134 core:LandBuildings 2023-10-31 xbrli:pure iso4217:GBP

Registration number: SC462134

Dovelight Ltd

Filleted Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Dovelight Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Dovelight Ltd

Company Information

Director

Mrs Morag Whitelaw

Registered office

201 Colinton Road
Edinburgh
EH14 1BJ

Accountants

Mitchell Oswald Chartered Accountants 28 James Young Road
Bathgate
West Lothian
EH48 2UP

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dovelight Ltd
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dovelight Ltd for the year ended 31 October 2024 as set out on pages 3 to 8 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 www.icas.com.

This report is made solely to the Board of Directors of Dovelight Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dovelight Ltd and state those matters that we have agreed to state to the Board of Directors of Dovelight Ltd, as a body, in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at www.icas.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dovelight Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dovelight Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dovelight Ltd. You consider that Dovelight 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 accounts of Dovelight 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 accounts.

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

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

13 June 2025

 

Dovelight Ltd

(Registration number: SC462134)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

217,972

218,251

Current assets

 

Debtors

5

926,591

915,263

Creditors: Amounts falling due within one year

6

(2,162,910)

(2,090,136)

Net current liabilities

 

(1,236,319)

(1,174,873)

Net liabilities

 

(1,018,347)

(956,622)

Capital and reserves

 

Called up share capital

95

95

Retained earnings

(1,018,442)

(956,717)

Shareholders' deficit

 

(1,018,347)

(956,622)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 June 2025
 

.........................................
Mrs Morag Whitelaw
Director

   
     
 

Dovelight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
201 Colinton Road
Edinburgh
EH14 1BJ

These financial statements were authorised for issue by the director on 13 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. At the balance sheet date the company had negative shareholder funds of £1,018,347 (2023: £956,622). The future of the company is dependent upon the continued support of the director. This support will be available for at least twelve months from the date of approval of these financial statements. Consequently, the director considers the company to be a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
services have been delivered to the customer; and
collectability of the related receivables is fairly assured.

 

Dovelight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

A review for indicators of impariment is carried out at each reporting date, where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

20% on cost

Office equipment

25% on cost

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Dovelight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Financial instruments

Classification

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans to the company.

 Recognition and measurement

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Director's loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Investments in equity shares which are publicly traded or where the fair value of the shares can be measured reliably are initially measured at fair value. Transaction costs are charged to profit or loss. The investments are subsequently remeasured in the balance sheet at fair value with changes in fair value recognised through profit and loss.


 Impairment

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Dovelight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

217,955

30,449

248,404

At 31 October 2024

217,955

30,449

248,404

Depreciation

At 1 November 2023

-

30,153

30,153

Charge for the year

-

279

279

At 31 October 2024

-

30,432

30,432

Carrying amount

At 31 October 2024

217,955

17

217,972

At 31 October 2023

217,955

296

218,251

Included within the net book value of land and buildings above is £217,955 (2023 - £217,955) in respect of long leasehold land and buildings.
 

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

922,338

910,713

Prepayments

 

2,364

2,331

Other debtors

 

1,889

2,219

   

926,591

915,263

 

Dovelight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,155,745

2,078,349

Trade creditors

 

4,505

9,141

Accruals and deferred income

 

2,660

2,646

 

2,162,910

2,090,136

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

1,552

-

Other borrowings

2,154,193

2,078,349

2,155,745

2,078,349

8

Related party transactions

At the year end a balance of £2,154,193 (2023: £2,078,349) included within creditors is due to the director. This loan is interest free and has no fixed term of repayment.

The company paid £26,000 (2023: £26,000) to lease the premises from the director.

The company's shareholding is owned by Dovelight By The Sea Limited, a company which is controlled by the director. At the year end, the company was owed £922,338 (2023: £910,713) by Dovelight By The Sea Limited. This loan is interest free and has no fixed term of repayment.

9

Parent and ultimate parent undertaking

The company's immediate parent is Dovelight By The Sea Limited, incorporated in Scotland.