DCS Limited SC038501 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Investment Property Digita Accounts Production Advanced 6.30.9574.0 true true SC038501 2024-06-01 2025-05-31 SC038501 2025-05-31 SC038501 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC038501 core:RevaluationReserve 2025-05-31 SC038501 core:ShareCapital 2025-05-31 SC038501 core:SharePremium 2025-05-31 SC038501 core:CurrentFinancialInstruments 2025-05-31 SC038501 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 SC038501 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 SC038501 bus:SmallEntities 2024-06-01 2025-05-31 SC038501 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC038501 bus:FilletedAccounts 2024-06-01 2025-05-31 SC038501 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC038501 bus:RegisteredOffice 2024-06-01 2025-05-31 SC038501 bus:CompanySecretaryDirector2 2024-06-01 2025-05-31 SC038501 bus:Director1 2024-06-01 2025-05-31 SC038501 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC038501 bus:Agent1 2024-06-01 2025-05-31 SC038501 core:LandBuildings 2024-06-01 2025-05-31 SC038501 countries:Scotland 2024-06-01 2025-05-31 SC038501 2024-05-31 SC038501 2023-06-01 2024-05-31 SC038501 2024-05-31 SC038501 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC038501 core:RevaluationReserve 2024-05-31 SC038501 core:ShareCapital 2024-05-31 SC038501 core:SharePremium 2024-05-31 SC038501 core:CurrentFinancialInstruments 2024-05-31 SC038501 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC038501 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 iso4217:GBP xbrli:pure

Registration number: SC038501

DCS Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

DCS Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

DCS Limited

Company Information

Directors | E.D. Dyce A. Dyce

Company secretary | A. Dyce

Registered office | c/o Anderson Strathern LLP 58 Morrison St Edinburgh EH3 8BP

Bankers | Handlesbanken 3rd Floor 40 Torphichen Street Edinburgh EH3 8JB

DCS Limited

(Registration number: SC038501)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 3,775,000 | 3,835,000
Current assets |  |  |
Debtors | 5 | - | 885
Cash at bank and in hand |  | 135,023 | 105,337
|  | 135,023 | 106,222
Creditors: Amounts falling due within one year | 6 | (614,223) | (558,425)
Net current liabilities |  | (479,200) | (452,203)
Total assets less current liabilities |  | 3,295,800 | 3,382,797
Creditors: Amounts falling due after more than one year | 6 | (1,286,000) | (1,650,000)
Net assets |  | 2,009,800 | 1,732,797
Capital and reserves |  |  |
Called up share capital |  | 5,000 | 5,000
Share premium reserve |  | 3,410 | 3,410
Revaluation reserve |  | 1,658,849 | 1,195,729
Retained earnings |  | 342,541 | 528,658
Shareholders' funds |  | 2,009,800 | 1,732,797

For the financial year ending 31 May 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 17 September 2025 and signed on its behalf by:

......................................... E.D. Dyce Director

DCS Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 May 2025

1 | General information

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

The address of its registered office is:
c/o Anderson Strathern LLP
58 Morrison St
Edinburgh
EH3 8BP

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.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.
The company meets its day to day working capital requirements through cash generated from operations and shareholder borrowings.
The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.
Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover represents rents receivable net of VAT, invoiced and accrued during the period.

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.

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.

DCS Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Asset class | Depreciation method and rate
Investment properties | No depreciation

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from tenants for rent and service charges due to the company in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

DCS Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 1 (2024 - 2).

DCS Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 May 2025 (continued)

4 | Investment properties

| 2025 £
At 1 June | 3,835,000
Disposals | (550,000)
Fair value adjustments | 490,000
At 31 May | 3,775,000

Investment properties were valued by Colliers in May 2025, valuations were carried out on an open market basis and the valuations adopted by the directors.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | - | 885
| - | 885

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 84,000 | 100,000
Taxation and social security |  | 13,276 | 9,119
Other creditors |  | 516,947 | 449,306
|  | 614,223 | 558,425

Bank loans are secured by the bank over the company's investment properties.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 1,286,000 | 1,650,000

Bank loans are secured by the bank over the company's investment properties.
Included within creditors: amounts falling due after more than one year is an amount of £950,000 (2024: £1,250,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.