REGISTERED NUMBER: 01756304 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

D.G. Scott Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D N Belton

Ms D N Frost

REGISTERED OFFICE:

Industrial Estate South

Park Road

Calverton

Nottinghamshire

NG14 6BP

REGISTERED NUMBER:

01756304 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

4

639,099

635,579

CURRENT ASSETS

Stocks

141,354

322,980

Debtors

5

332,148

475,247

Cash at bank

5,266

1,683

478,768

799,910

CREDITORS

Amounts falling due within one year

6

778,499

755,757

NET CURRENT (LIABILITIES)/ASSETS

(299,731

)

44,153

TOTAL ASSETS LESS CURRENT LIABILITIES

339,368

679,732

PROVISIONS FOR LIABILITIES

72,910

71,769

NET ASSETS

266,458

607,963

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

203,762

206,641

Retained earnings

62,596

401,222

266,458

607,963

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 23 September 2025 and were signed on its behalf by:

Ms D N Frost - Director

1.	STATUTORY INFORMATION

D.G. Scott Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

Going concern

The Board believes that the business has the ability to remain trading for a period of at least 12 months from the date of signing of these financial statements.

The directors believe that it remains appropriate to prepare the financial statements on a going concern basis based on the ongoing support provided by group entities.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of engineering services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% of cost or valuation

Plant and machinery etc

-

50% on cost, 25% reducing balance, 15% on reducing balance, 10% on cost and 10% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable

development expenditure is capitalised to the extent that the technical, commercial and financial

feasibility can be demonstrated.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

545,000

747,310

1,292,310

Additions

-

80,869

80,869

Disposals

-

(17,000

)

(17,000

)

At 31 December 2024

545,000

811,179

1,356,179

DEPRECIATION

At 1 January 2024

7,267

649,464

656,731

Charge for year

6,229

69,002

75,231

Eliminated on disposal

-

(14,882

)

(14,882

)

At 31 December 2024

13,496

703,584

717,080

NET BOOK VALUE

At 31 December 2024

531,504

107,595

639,099

At 31 December 2023

537,733

97,846

635,579

Land and buildings with a carrying amount of £543,962 were revalued at 26 October 2022 by Spencer Birch Chartered Surveyors, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £327,900 (2023 - £331,250), being cost £351,359 (2023 - £351,359) and depreciation £23,459 (2023 - £20,109).

The directors believe the value of the property has not materially changed since the last valuation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

122,450

53,178

Amounts owed by group undertakings

188,258

400,500

Other debtors

21,440

21,569

332,148

475,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

145,780

114,950

Amounts owed to group undertakings

514,986

597,295

Taxation and social security

11,784

22,522

Other creditors

105,949

20,990

778,499

755,757

The invoice discounting account balance of £83,418 (2023: £18,684 included in debtors) is included within other creditors and is secured against trade debtors.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

206,641

Revaluation transfer

(2,879

)

At 31 December 2024

203,762

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Perry FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

9.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company has signed cross guarantees in respect of bank borrowings of the group companies.

These borrowings are secured by a fixed and floating charge over the assets of the company.

10.	RELATED PARTY DISCLOSURES

The company is controlled by B.S. Specialist Products Limited by virtue of their 100% shareholding. B.S. Specialist Products Limited is the smallest and largest group into which the results are consolidated. The consolidated financial statements are available at companies house.