Registered number
SC592128
Dorwin MG Ltd
Filleted Accounts
31 March 2025
Dorwin MG Ltd
Registered number: SC592128
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 14,127 17,631
Current assets
Debtors 4 - 8,137
Cash at bank and in hand 51,362 37,349
51,362 45,486
Creditors: amounts falling due within one year 5 (25,641) (3,876)
Net current assets 25,721 41,610
Total assets less current liabilities 39,848 59,241
Creditors: amounts falling due after more than one year 6 (10,476) (18,205)
Net assets 29,372 41,036
Capital and reserves
Profit and loss account 29,372 41,036
Shareholder's funds 29,372 41,036
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Haston
Director
Approved by the board on 8 July 2025
Dorwin MG Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 4,032 25,400 29,432
Additions 956 - 956
At 31 March 2025 4,988 25,400 30,388
Depreciation
At 1 April 2024 2,210 9,591 11,801
Charge for the year 508 3,952 4,460
At 31 March 2025 2,718 13,543 16,261
Net book value
At 31 March 2025 2,270 11,857 14,127
At 31 March 2024 1,822 15,809 17,631
4 Debtors 2025 2024
£ £
Trade debtors - 4,933
Other debtors - 3,204
- 8,137
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,969 (571)
Corporation tax 18,817 4,516
Other taxes and social security costs 4,853 (70)
Other creditors 2 1
25,641 3,876
6 Creditors: amounts falling due after one year 2025 2024
£ £
Director's account 293 194
Bank loans 10,183 18,011
10,476 18,205
7 Other information
Dorwin MG Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
No. 1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
Dorwin MG Ltd SC592128 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 M Haston No description of principal activity SC592128 2023-04-01 2024-03-31 SC592128 core:WithinOneYear 2024-03-31 SC592128 core:AfterOneYear 2024-03-31 SC592128 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC592128 2024-04-01 2025-03-31 SC592128 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC592128 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC592128 bus:Director40 2024-04-01 2025-03-31 SC592128 1 2024-04-01 2025-03-31 SC592128 2 2024-04-01 2025-03-31 SC592128 core:PlantMachinery 2024-04-01 2025-03-31 SC592128 core:Vehicles 2024-04-01 2025-03-31 SC592128 countries:England 2024-04-01 2025-03-31 SC592128 bus:FRS102 2024-04-01 2025-03-31 SC592128 bus:FilletedAccounts 2024-04-01 2025-03-31 SC592128 2025-03-31 SC592128 core:WithinOneYear 2025-03-31 SC592128 core:AfterOneYear 2025-03-31 SC592128 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC592128 core:PlantMachinery 2025-03-31 SC592128 core:Vehicles 2025-03-31 SC592128 2024-03-31 SC592128 core:PlantMachinery 2024-03-31 SC592128 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure