Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3140The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity36truetruefalse SC034342 2024-04-01 2025-03-31 SC034342 2023-04-01 2024-03-31 SC034342 2025-03-31 SC034342 2024-03-31 SC034342 c:CompanySecretary1 2024-04-01 2025-03-31 SC034342 c:Director1 2024-04-01 2025-03-31 SC034342 c:Director2 2024-04-01 2025-03-31 SC034342 c:Director3 2024-04-01 2025-03-31 SC034342 c:RegisteredOffice 2024-04-01 2025-03-31 SC034342 d:Buildings 2024-04-01 2025-03-31 SC034342 d:Buildings 2025-03-31 SC034342 d:Buildings 2024-03-31 SC034342 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC034342 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 SC034342 d:Buildings d:LongLeaseholdAssets 2025-03-31 SC034342 d:Buildings d:LongLeaseholdAssets 2024-03-31 SC034342 d:PlantMachinery 2024-04-01 2025-03-31 SC034342 d:PlantMachinery 2025-03-31 SC034342 d:PlantMachinery 2024-03-31 SC034342 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC034342 d:MotorVehicles 2024-04-01 2025-03-31 SC034342 d:MotorVehicles 2025-03-31 SC034342 d:MotorVehicles 2024-03-31 SC034342 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC034342 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC034342 d:OtherPropertyPlantEquipment 2025-03-31 SC034342 d:OtherPropertyPlantEquipment 2024-03-31 SC034342 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC034342 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC034342 d:CurrentFinancialInstruments 2025-03-31 SC034342 d:CurrentFinancialInstruments 2024-03-31 SC034342 d:Non-currentFinancialInstruments 2025-03-31 SC034342 d:Non-currentFinancialInstruments 2024-03-31 SC034342 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC034342 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC034342 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC034342 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC034342 d:ShareCapital 2025-03-31 SC034342 d:ShareCapital 2024-03-31 SC034342 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC034342 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC034342 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC034342 c:OrdinaryShareClass1 2025-03-31 SC034342 c:OrdinaryShareClass1 2024-03-31 SC034342 c:FRS102 2024-04-01 2025-03-31 SC034342 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC034342 c:FullAccounts 2024-04-01 2025-03-31 SC034342 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC034342 6 2024-04-01 2025-03-31 SC034342 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC034342










D W ARGO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
D W ARGO LIMITED
 

COMPANY INFORMATION


DIRECTORS
D W Argo 
N Argo 
Mrs L E Neill 




COMPANY SECRETARY
L Neill



REGISTERED NUMBER
SC034342



REGISTERED OFFICE
Harvieston

Stonehaven

Kincardineshire

AB39 2TY




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
D W ARGO LIMITED
REGISTERED NUMBER: SC034342

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

FIXED ASSETS
  

Tangible assets
 4 
7,120,330
6,961,542

Investments
 5 
360
360

  
7,120,690
6,961,902

CURRENT ASSETS
  

Stocks
  
2,286,763
2,090,991

Debtors: amounts falling due within one year
 6 
868,570
700,781

Cash at bank and in hand
  
-
1,765

  
3,155,333
2,793,537

Creditors: amounts falling due within one year
 7 
(3,837,536)
(3,847,989)

NET CURRENT LIABILITIES
  
 
 
(682,203)
 
 
(1,054,452)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
6,438,487
5,907,450

Creditors: amounts falling due after more than one year
 8 
(3,850,320)
(3,912,139)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(449,695)
(423,510)

  
 
 
(449,695)
 
 
(423,510)

NET ASSETS
  
2,138,472
1,571,801


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
2,138,372
1,571,701

  
2,138,472
1,571,801


Page 1

 
D W ARGO LIMITED
REGISTERED NUMBER: SC034342

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2025.




D W Argo
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

D W Argo Limited is a private company, limited by shares, incorporated in Scotland with registration number SC034342.  The registered office is Harvieston, Stonehaven, Kincardineshire, AB39 2TY.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.3
TANGIBLE FIXED ASSETS (CONTINUED)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Property improvements
-
4% straight line
Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Renewables
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.6

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 36 (2024 - 40).

Page 5

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


TANGIBLE FIXED ASSETS





Land and buildings
Property improvements
Plant and machinery
Motor vehicles
Renewables
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 April 2024
2,596,001
3,245,902
1,718,516
124,276
1,357,178
9,041,873


Additions
-
-
45,381
-
488,718
534,099


Disposals
-
-
-
(19,434)
-
(19,434)



At 31 March 2025

2,596,001
3,245,902
1,763,897
104,842
1,845,896
9,556,538



DEPRECIATION


At 1 April 2024
-
902,872
697,352
72,947
407,160
2,080,331


Charge for the year on owned assets
-
125,924
133,326
9,189
92,296
360,735


Disposals
-
-
-
(4,858)
-
(4,858)



At 31 March 2025

-
1,028,796
830,678
77,278
499,456
2,436,208



NET BOOK VALUE



At 31 March 2025
2,596,001
2,217,106
933,219
27,564
1,346,440
7,120,330



At 31 March 2024
2,596,001
2,343,030
1,021,164
51,329
950,018
6,961,542


5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 April 2024
360



At 31 March 2025
360




Page 6

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


DEBTORS

2025
2024
£
£


Trade debtors
393,087
235,370

Other debtors
475,483
465,411

868,570
700,781



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Bank overdrafts
1,961,536
1,976,213

Bank loans
410,801
336,772

Trade creditors
495,929
442,721

Other taxation and social security
38,915
10,979

Obligations under finance lease and hire purchase contracts
109,478
114,307

Other creditors
756,604
891,021

Accruals and deferred income
64,273
75,976

3,837,536
3,847,989


The following liabilities were secured:

2025
2024
£
£



Hire purchase creditors
109,478
114,307

Bank loans
410,801
336,772

520,279
451,079

Details of security provided:

The amounts included within hire purchase creditors are secured against the underlying assets purchased.
The bank loans are secured with fixed charges over West Mains of Barras, Mitton of Barras, Cotbank of Catterline, Bellfield Farm and land at Brigstanes and a floating charge over all the property or undertaking of the company.

Page 7

 
D W ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Bank loans
3,726,431
3,702,786

Net obligations under finance leases and hire purchase contracts
123,889
209,353

3,850,320
3,912,139


The following liabilities were secured:

2025
2024
£
£



Hire purchase creditor
123,889
209,353

Bank loans
3,726,431
3,702,786

3,850,320
3,912,139

Details of security provided:

The amounts included within hire purchase creditors are secured against the underlying assets purchased.
The bank loans are secured with fixed charges over West Mains of Barras, Mitton of Barras, Cotbank of Catterline, Bellfield Farm and land at Brigstanes and a floating charge over all the property or undertaking of the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2025
2024
£
£


Repayable by instalments
1,266,120
2,633,959

1,266,120
2,633,959




9.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



Page 8