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COMPANY REGISTRATION NUMBER: SC392659

DIPPLE SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

DIPPLE SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

Contents | Page

Officers and professional advisers | 1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

DIPPLE SERVICES LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | Mr Leslie Stuart Shand
| Mrs Alison Shand

Registered office | 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

Accountants | Ritsons
| Chartered Accountants
| 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

DIPPLE SERVICES LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DIPPLE SERVICES LIMITED

YEAR ENDED 28 FEBRUARY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dipple Services Limited for the year ended 28 February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Dipple Services Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Dipple Services Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dipple Services Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Dipple Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dipple Services Limited. You consider that Dipple Services Limited 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 financial statements of Dipple Services Limited. 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 financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
5 September 2025

DIPPLE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Tangible assets | 5 | 712,282 | 758,464
Investments | 6 | – | 1,700,000
| --------- | ------------
| 712,282 | 2,458,464

CURRENT ASSETS

Stocks | 1,800 | 10,600
Debtors | 7 | 195,573 | 113,436
Cash at bank and in hand | 2,341,076 | 108,190
| ------------ | ---------
| 2,538,449 | 232,226

CREDITORS: amounts falling due within one year | 8 | 389,441 | 217,079
| ------------ | ---------
NET CURRENT ASSETS | 2,149,008 | 15,147
| ------------ | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES | 2,861,290 | 2,473,611

PROVISIONS

Taxation including deferred tax | 72,342 | 81,904
| ------------ | ------------
NET ASSETS | 2,788,948 | 2,391,707
| ------------ | ------------

CAPITAL AND RESERVES

Called up share capital | 200 | 200
Profit and loss account | 2,788,748 | 2,391,507
| ------------ | ------------
SHAREHOLDERS FUNDS | 2,788,948 | 2,391,707
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DIPPLE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr Leslie Stuart Shand
Director

Company registration number: SC392659

DIPPLE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible fixed assets are initially recorded at cost less depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold Property | - | 2% straight line
| Plant & Machinery | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 15% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Provisions
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 in the statement of financial position 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 and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Freehold property | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 March 2024 | 511,991 | 642,392 | 34,117 | 791 | 1,189,291
Additions | – | 15,799 | – | – | 15,799
| --------- | --------- | -------- | ---- | ------------
At 28 February 2025 | 511,991 | 658,191 | 34,117 | 791 | 1,205,090
| --------- | --------- | -------- | ---- | ------------
Depreciation |  |  |  |  |
At 1 March 2024 | 81,143 | 317,157 | 31,969 | 558 | 430,827
Charge for the year | 10,240 | 51,168 | 537 | 36 | 61,981
| --------- | --------- | -------- | ---- | ------------
At 28 February 2025 | 91,383 | 368,325 | 32,506 | 594 | 492,808
| --------- | --------- | -------- | ---- | ------------
Carrying amount |  |  |  |  |
At 28 February 2025 | 420,608 | 289,866 | 1,611 | 197 | 712,282
| --------- | --------- | -------- | ---- | ------------
At 29 February 2024 | 430,848 | 325,235 | 2,148 | 233 | 758,464
| --------- | --------- | -------- | ---- | ------------

6. Investments

| Other investments other than loans
| £
Cost |
At 1 March 2024 | 1,700,000
Transfers | ( 1,700,000)
| ------------
At 28 February 2025 | –
| ------------
Impairment |
At 1 March 2024 and 28 February 2025 | –
| ------------

Carrying amount |
At 28 February 2025 | –
| ------------
At 29 February 2024 | 1,700,000
| ------------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 139,107 | 111,497
Other debtors | 56,466 | 1,939
| --------- | ---------
| 195,573 | 113,436
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 72,945 | 78,993
Corporation tax | 144,954 | 33,818
Social security and other taxes | 22,295 | 242
Other creditors | 149,247 | 104,026
| --------- | ---------
| 389,441 | 217,079
| --------- | ---------

9. Related party transactions
At 28 February 2025, the company owed the directors £147,247 (2024: £102,026) by way of a director's loan account. During the year the company paid dividends of £1,000 (2024: £4,000) to the directors.