REGISTERED NUMBER: SC458153 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Dse Electrical & Heating Engineers Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr Scott McLaughlan

Mr Derek Teasdale

REGISTERED OFFICE:

14 Ben Lomond Drive

Stirling

FK9 5GA

REGISTERED NUMBER:

SC458153 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

22,517

31,907

Investments

5

45,607

10,000

68,124

41,907

CURRENT ASSETS

Stocks

1,500

10,000

Debtors

6

177,326

188,784

Cash at bank

35,253

22,134

214,079

220,918

CREDITORS

Amounts falling due within one year

7

192,539

226,491

NET CURRENT ASSETS/(LIABILITIES)

21,540

(5,573

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,664

36,334

CREDITORS

Amounts falling due after more than one year

8

(18,952

)

(30,001

)

PROVISIONS FOR LIABILITIES

(5,729

)

(6,063

)

NET ASSETS

64,983

270

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

64,982

269

SHAREHOLDERS' FUNDS

64,983

270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:

Mr Scott McLaughlan - Director

Mr Derek Teasdale - Director

1.	STATUTORY INFORMATION

Dse Electrical & Heating Engineers Ltd. is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

-

25% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Investments

Investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

87,622

Additions

3,507

At 30 September 2024

91,129

DEPRECIATION

At 1 October 2023

55,715

Charge for year

12,897

At 30 September 2024

68,612

NET BOOK VALUE

At 30 September 2024

22,517

At 30 September 2023

31,907

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

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

58,609

DEPRECIATION

At 1 October 2023

39,294

Charge for year

9,658

At 30 September 2024

48,952

NET BOOK VALUE

At 30 September 2024

9,657

At 30 September 2023

19,315

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 October 2023

10,000

New in year

35,607

At 30 September 2024

45,607

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

170,605

184,782

Other debtors

6,721

4,002

177,326

188,784

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

6,316

6,582

Trade creditors

26,123

41,183

Taxation and social security

100,462

83,306

Other creditors

49,638

85,420

192,539

226,491

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

15,268

20,000

Hire purchase contracts

3,684

10,001

18,952

30,001

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

25,268

30,000

Hire purchase contracts

10,000

16,583

35,268

46,583

Hire purchase liabilities are secured against the assets to which they relate.

The bank loan is secured by a government backed guarantee.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are amounts due to S McLaughlan of £398 (2023: due to £22,089) and due to D Teasdale £30,858 (2023:: £51,582).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

25 June 2025