DM Joinery Strathblane Limited SC288779 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is retail of furniture, lighting and similar. Digita Accounts Production Advanced 6.30.9574.0 true SC288779 2023-09-01 2024-08-31 SC288779 2024-08-31 SC288779 core:CurrentFinancialInstruments 2024-08-31 SC288779 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC288779 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC288779 core:Goodwill 2024-08-31 SC288779 core:FurnitureFittingsToolsEquipment 2024-08-31 SC288779 core:MotorVehicles 2024-08-31 SC288779 bus:SmallEntities 2023-09-01 2024-08-31 SC288779 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC288779 bus:FilletedAccounts 2023-09-01 2024-08-31 SC288779 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC288779 bus:RegisteredOffice 2023-09-01 2024-08-31 SC288779 bus:Director1 2023-09-01 2024-08-31 SC288779 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC288779 core:Goodwill 2023-09-01 2024-08-31 SC288779 core:LicencesFranchises 2023-09-01 2024-08-31 SC288779 core:FurnitureFittings 2023-09-01 2024-08-31 SC288779 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 SC288779 core:MotorVehicles 2023-09-01 2024-08-31 SC288779 core:OfficeEquipment 2023-09-01 2024-08-31 SC288779 countries:Scotland 2023-09-01 2024-08-31 SC288779 2023-08-31 SC288779 core:Goodwill 2023-08-31 SC288779 core:FurnitureFittingsToolsEquipment 2023-08-31 SC288779 core:MotorVehicles 2023-08-31 SC288779 2022-09-01 2023-08-31 SC288779 2023-08-31 SC288779 core:CurrentFinancialInstruments 2023-08-31 SC288779 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 SC288779 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 SC288779 core:Goodwill 2023-08-31 SC288779 core:FurnitureFittingsToolsEquipment 2023-08-31 SC288779 core:MotorVehicles 2023-08-31 iso4217:GBP xbrli:pure

Registration number: SC288779

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

(Registration number: SC288779)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

4,620

9,240

Tangible assets

5

42,471

54,632

 

47,091

63,872

Current assets

 

Stocks

36,514

-

Debtors

6

46,683

59,606

Cash at bank and in hand

 

108,105

100,965

 

191,302

160,571

Creditors: Amounts falling due within one year

7

(151,321)

(97,794)

Net current assets

 

39,981

62,777

Total assets less current liabilities

 

87,072

126,649

Creditors: Amounts falling due after more than one year

7

(25,094)

(40,744)

Net assets

 

61,978

85,905

Capital and reserves

 

Called up share capital

100

100

Retained earnings

61,878

85,805

Shareholders' funds

 

61,978

85,905

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

(Registration number: SC288779)
Balance Sheet as at 31 August 2024

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

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

.........................................
Mr David Mcleod
Director

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

1

General information

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

The address of its registered office is:
25a Glasgow Road
Blanefield
Glasgow
Scotland
G63 9JD

These financial statements were authorised for issue by the Board on 10 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Motor vehicles

25% Reducing balance

Office equipment

33% Cost

Fixtures and fittings

25% Reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise fee

20% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 3).

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

4

Intangible assets

Franchise fee
£

Total
£

Cost or valuation

At 1 September 2023

23,100

23,100

At 31 August 2024

23,100

23,100

Amortisation

At 1 September 2023

13,860

13,860

Amortisation charge

4,620

4,620

At 31 August 2024

18,480

18,480

Carrying amount

At 31 August 2024

4,620

4,620

At 31 August 2023

9,240

9,240

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

29,015

62,899

91,914

Additions

2,635

-

2,635

At 31 August 2024

31,650

62,899

94,549

Depreciation

At 1 September 2023

19,119

18,163

37,282

Charge for the year

3,612

11,184

14,796

At 31 August 2024

22,731

29,347

52,078

Carrying amount

At 31 August 2024

8,919

33,552

42,471

At 31 August 2023

9,896

44,736

54,632

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

33,835

21,600

Prepayments

8,498

13,998

Other debtors

4,350

24,008

 

46,683

59,606

 

DM Joinery Strathblane Limited

trading as Dream Doors North Glasgow

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

16,852

16,553

Trade creditors

 

43,942

20,412

Taxation and social security

 

63,207

59,967

Accruals and deferred income

 

955

955

Other creditors

 

26,365

(93)

 

151,321

97,794

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £16,852 (2023 - £16,553).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

25,094

40,744

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £25,094 (2023 - £40,744).