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REGISTERED NUMBER: SC291341 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

D S McG Ltd

D S McG Ltd (Registered number: SC291341)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D S McG Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D S McGuffie





SECRETARY: Mrs F J McGuffie





REGISTERED OFFICE: Sand Hill
Station Road
Buchlyvie
Stirling
FK8 3PD





REGISTERED NUMBER: SC291341 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

D S McG Ltd (Registered number: SC291341)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 832,283 602,100
Investments 6 310,528 179,589
Investment property 7 160,590 160,590
1,303,401 942,279

CURRENT ASSETS
Stocks 40,000 30,000
Debtors 8 959,670 854,930
Cash at bank 1,094,719 1,106,981
2,094,389 1,991,911
CREDITORS
Amounts falling due within one year 9 598,750 512,965
NET CURRENT ASSETS 1,495,639 1,478,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,799,040

2,421,225

CREDITORS
Amounts falling due after more than one
year

10

(84,359

)

(28,623

)

PROVISIONS FOR LIABILITIES (156,759 ) (100,520 )
NET ASSETS 2,557,922 2,292,082

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,557,920 2,292,080
SHAREHOLDERS' FUNDS 2,557,922 2,292,082

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

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 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.

D S McG Ltd (Registered number: SC291341)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





D S McGuffie - Director


D S McG Ltd (Registered number: SC291341)

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

1. STATUTORY INFORMATION

D S McG 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.

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.

Significant judgements and estimates
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement, and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability on the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date. Any adjustments to the amounts previously provided are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
All basic financial assets and liabilities of the company are recognised initially at transaction value and subsequently at settlement value.

Investments in publicly traded equities are initially measured at cost, and are subsequently carried at fair value, with changes in fair value recognised in profit or loss.


D S McG Ltd (Registered number: SC291341)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 54 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 34,355
AMORTISATION
At 1 November 2023
and 31 October 2024 34,355
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Goodwill paid on the acquisition of a business in 2015 was amortised over five years.

D S McG Ltd (Registered number: SC291341)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 November 2023 382,165 557,652 18,990
Additions 26,744 86,330 2,250
Disposals - (7,200 ) -
At 31 October 2024 408,909 636,782 21,240
DEPRECIATION
At 1 November 2023 169,692 385,393 7,806
Charge for year 23,921 64,634 3,358
Eliminated on disposal - (7,146 ) -
At 31 October 2024 193,613 442,881 11,164
NET BOOK VALUE
At 31 October 2024 215,296 193,901 10,076
At 31 October 2023 212,473 172,259 11,184

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 553,881 10,913 1,523,601
Additions 370,024 3,082 488,430
Disposals (140,455 ) - (147,655 )
At 31 October 2024 783,450 13,995 1,864,376
DEPRECIATION
At 1 November 2023 351,026 7,584 921,501
Charge for year 136,067 1,603 229,583
Eliminated on disposal (111,845 ) - (118,991 )
At 31 October 2024 375,248 9,187 1,032,093
NET BOOK VALUE
At 31 October 2024 408,202 4,808 832,283
At 31 October 2023 202,855 3,329 602,100

D S McG Ltd (Registered number: SC291341)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 179,589
Additions 155,214
Disposals (55,128 )
Revaluations 30,853
At 31 October 2024 310,528
NET BOOK VALUE
At 31 October 2024 310,528
At 31 October 2023 179,589

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2024 310,528

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 292,730 191,809

Fixed asset investments were valued on an open market value basis on 31 October 2024 by Brewin Dolphin .

Fixed asset investments is a portfolio comprising publicly traded equities and bonds.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 160,590
NET BOOK VALUE
At 31 October 2024 160,590
At 31 October 2023 160,590

Investment property comprises freehold land and commercial property which is not depreciated. The director considers the fair value at the balance sheet date to be the acquisition cost.

D S McG Ltd (Registered number: SC291341)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 933,206 837,358
Other debtors 26,464 17,572
959,670 854,930

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 63,914 30,683
Trade creditors 324,948 217,266
Taxation and social security 119,350 245,532
Other creditors 90,538 19,484
598,750 512,965

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 84,359 28,623