REGISTERED NUMBER: SC508044 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

D E Mechanical Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

138,187

80,275

CURRENT ASSETS

Stocks

12,000

9,500

Debtors

5

412,496

176,420

Cash at bank

61,522

153,045

486,018

338,965

CREDITORS

Amounts falling due within one year

6

(331,967

)

(217,696

)

NET CURRENT ASSETS

154,051

121,269

TOTAL ASSETS LESS CURRENT LIABILITIES

292,238

201,544

CREDITORS

Amounts falling due after more than one year

7

(68,230

)

(90,189

)

PROVISIONS FOR LIABILITIES

(34,547

)

(20,069

)

NET ASSETS

189,461

91,286

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

189,261

91,086

189,461

91,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr M L Dale - Director

1.	STATUTORY INFORMATION

D E Mechanical Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC508044. The registered office is Unit 2 Fruix Farm, Fruix, Kinross, Scotland, KY13 0LA.

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.

Turnover

Turnover comprises the value of the construction services supplied by the company in the year, exclusive of Value Added Tax. Turnover on construction contracts is recognised at the appropriate stage of completion and is assessed on a contract by contract basis.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 5% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs 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. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Construction contracts

The company classifies as construction contracts those contracts where the contract activity extends over more than one accounting period.

Profit is recognised on construction contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as total costs to date plus expected gross markup for that contract.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable are included in trade debtors. Payments on account received in excess of the value of work done are included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

105,357

Additions

75,429

Disposals

(15,082

)

At 30 June 2025

165,704

DEPRECIATION

At 1 July 2024

25,082

Charge for year

5,225

Eliminated on disposal

(2,790

)

At 30 June 2025

27,517

NET BOOK VALUE

At 30 June 2025

138,187

At 30 June 2024

80,275

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

83,926

Additions

73,657

Disposals

(15,082

)

Transfer to ownership

(27,668

)

At 30 June 2025

114,833

DEPRECIATION

At 1 July 2024

11,747

Charge for year

4,484

Eliminated on disposal

(2,790

)

Transfer to ownership

(7,430

)

At 30 June 2025

6,011

NET BOOK VALUE

At 30 June 2025

108,822

At 30 June 2024

72,179

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

202,446

159,836

Amounts recoverable on contract

180,334

6,073

Other debtors

29,716

10,511

412,496

176,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

9,167

9,982

Hire purchase contracts

30,287

16,850

Trade creditors

205,286

166,584

Taxation and social security

43,956

19,897

Other creditors

43,271

4,383

331,967

217,696

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

9,187

Hire purchase contracts

43,230

16,002

Other creditors

25,000

65,000

68,230

90,189

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

73,517

32,852

Hire purchase contracts are secured over the assets to which they relate.