Registered number: SC181456
FOR THE YEAR ENDED 30 SEPTEMBER 2024
COMPANY INFORMATION
CONTENTS
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Group supplies a comprehensive range of vital services and products to the international oil and gas, power generation, utilities, renewables, marine, defence and manufacturing markets. These include low voltage and high voltage electric motor and generator repairs, high voltage electric motor and generator manufacturing, electrical inspection, repair and maintenance services, mechanical engineering services, control panel manufacturing, and condition monitoring services, with particular specialism in the inspection and repair of ‘Ex’ certified equipment.
During the financial year, the Group sustained its growth trajectory, continuing the momentum of previous years, achieving a 14% increase in turnover to £37,750,000 through organic expansion. This translated into a 19% rise in profit before tax to £2,708,000 reflecting disciplined cost management and enhanced project execution.
The Group maintained its strong growth trajectory by effectively mitigating macroeconomic risks, through the provision of a broad spectrum of equipment and services across multiple market sectors. This strategic diversification is reinforced by the dual advantage of having high voltage motor and generator OEM capabilities within the Group, alongside a comprehensive electro-mechanical services portfolio. The Group holds the well-established Parsons Peebles brand and retains the intellectual property for archived designs of a large installed base of equipment worldwide, dating back to the mid-20th century. This legacy not only drives significant aftermarket revenue but also creates opportunities for new orders, particularly for drop-in replacement machines.
Operational resilience is further supported by a highly skilled and adaptable workforce that can be deployed across the Group’s operations, as well as a robust global supply network that reduces dependency on individual vendors.
The Group’s strategy of related diversification and portfolio expansion has been instrumental in increasing market share, particularly within the oil and gas industry. In response to the UK energy sector’s transition from hydrocarbons to cleaner energy sources, the Group is actively pursuing contracts in the renewables market while maintaining strong support for oil and gas clients undergoing their own energy transitions.
The Group has also seen continued expansion in other markets, such as defence and nuclear power generation, following the award of several high value contracts during the financial year, from domestic and international customers. The Group also has an established customer base within the utilities industry and is continuing to focus on increasing business levels in this sector.
The Group maintained its strong growth trajectory by effectively mitigating macroeconomic risks, through the provision of a broad spectrum of equipment and services across multiple market sectors. This strategic diversification is reinforced by the dual advantage of having high voltage motor and generator OEM capabilities within the Group, alongside a comprehensive electro-mechanical services portfolio. The Group holds the well-established Parsons Peebles brand and retains the intellectual property for archived designs of a large installed base of equipment worldwide, dating back to the mid-20th century. This legacy not only drives significant aftermarket revenue but also creates opportunities for new orders, particularly for drop-in replacement machines.
Operational resilience is further supported by a highly skilled and adaptable workforce that can be deployed across the Group’s operations, as well as a robust global supply network that reduces dependency on individual vendors.
The Group’s strategy of related diversification and portfolio expansion has been instrumental in increasing market share, particularly within the oil and gas industry. In response to the UK energy sector’s transition from hydrocarbons to cleaner energy sources, the Group is actively pursuing contracts in the renewables market while maintaining strong support for oil and gas clients undergoing their own energy transitions.
The Group has also seen continued expansion in other markets, such as defence and nuclear power generation, following the award of several high value contracts during the financial year, from domestic and international customers. The Group also has an established customer base within the utilities industry and is continuing to focus on increasing business levels in this sector.
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GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The group's key financial performance indicators during the period were as follows:
Gross profit rose by 20%, reaching 30% of turnover, while EBITDA increased by 18% compared to the previous financial year. These gains were driven by operational efficiencies and cost control initiatives, such as the centralisation of support functions, all while maintaining the delivery of high-quality customer services.
Workforce and Health & Safety
The average number of employees during the year grew by 11.4% to 254. Like many organisations in the engineering sector, the Group continues to face challenges in recruiting suitably qualified engineers. To address this, the Group increased its apprentice intake during the year, investing in future talent. Recognising that its people are its greatest asset and essential to long-term success, the Group also made substantial investments in staff training programmes throughout the year.
The directors remain focused on prioritising the safety and well-being of all employees, stakeholders, and third parties who may be affected by the Group’s operations. In support of this commitment, TDC Parsons Peebles Limited achieved ISO 45001:2018 accreditation in 2024, joining TDC (Aberdeen) Limited, which already held the certification. The remaining Group companies are actively working towards achieving this accreditation, reinforcing the Group’s dedication to maintaining the highest standards in occupational health and safety.
Workforce and Health & Safety
The average number of employees during the year grew by 11.4% to 254. Like many organisations in the engineering sector, the Group continues to face challenges in recruiting suitably qualified engineers. To address this, the Group increased its apprentice intake during the year, investing in future talent. Recognising that its people are its greatest asset and essential to long-term success, the Group also made substantial investments in staff training programmes throughout the year.
The directors remain focused on prioritising the safety and well-being of all employees, stakeholders, and third parties who may be affected by the Group’s operations. In support of this commitment, TDC Parsons Peebles Limited achieved ISO 45001:2018 accreditation in 2024, joining TDC (Aberdeen) Limited, which already held the certification. The remaining Group companies are actively working towards achieving this accreditation, reinforcing the Group’s dedication to maintaining the highest standards in occupational health and safety.
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GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Group's operations expose it to a variety of financial risks that include competitive risk, market risk, credit risk and liquidity risk. The policies and management processes seek to mitigate any adverse effects of these on the financial performance of the Group. The key business risks and uncertainties affecting the Group are set below.
Competitive risk
The Group faces competition for both contracts and resources. With a broad range of services, the Group offers a variety of options to customers ranging from a single service through to fully integrated services. Focus is on project execution to deliver on time and budget. The board regularly monitor the market and its competitors in order to identify opportunities.
Market risk
The Group is continuing to target customers out with the oil and gas industry to reduce exposure to volatility in the market. As a result, the Group now operates in a number of UK and global markets, such as renewables, marine, defence, nuclear power, and electrical and water utilities. The group has a small share of the market in most cases, and therefore, should not be restricted for future growth potential.
Credit risk
The Group's principal financial assets are bank balances and cash, trade and other receivables. Credit risk is primarily attributable to its trade and other receivables and is managed through maintaining good customer relationships and the monitoring of credit levels and settlement periods. The amounts presented in the balance sheet are net of allowances for doubtful receivables. In addition, the Group monitors the financial health of customers and sets credit terms and limits appropriate to the customers' financial strength.
Liquidity risk
In order to maintain liquidity and to ensure sufficient funds are available for ongoing and future developments, the Group monitors the timing of cash flows and aligns this with its strategic planning. The Group's primary source of finance is the operating cash flows it generates and through equity.
Competitive risk
The Group faces competition for both contracts and resources. With a broad range of services, the Group offers a variety of options to customers ranging from a single service through to fully integrated services. Focus is on project execution to deliver on time and budget. The board regularly monitor the market and its competitors in order to identify opportunities.
Market risk
The Group is continuing to target customers out with the oil and gas industry to reduce exposure to volatility in the market. As a result, the Group now operates in a number of UK and global markets, such as renewables, marine, defence, nuclear power, and electrical and water utilities. The group has a small share of the market in most cases, and therefore, should not be restricted for future growth potential.
Credit risk
The Group's principal financial assets are bank balances and cash, trade and other receivables. Credit risk is primarily attributable to its trade and other receivables and is managed through maintaining good customer relationships and the monitoring of credit levels and settlement periods. The amounts presented in the balance sheet are net of allowances for doubtful receivables. In addition, the Group monitors the financial health of customers and sets credit terms and limits appropriate to the customers' financial strength.
Liquidity risk
In order to maintain liquidity and to ensure sufficient funds are available for ongoing and future developments, the Group monitors the timing of cash flows and aligns this with its strategic planning. The Group's primary source of finance is the operating cash flows it generates and through equity.
Moving into financial year 2025, the Group continues to identify opportunities with both existing and new clients to expand its market share and reduce reliance on the oil and gas industry. Since year ending 2024, the Group has secured several large contracts across a diverse range of sectors, both domestically and internationally, with additional awards currently pending.
In August 2025, TDC Parsons Peebles Limited successfully attained ISO 14001:2015, a certification already held by TDC (Aberdeen) Limited. The Group is committed to protecting the environment and complies with all applicable environmental legislation and will continue working towards achieving accreditation across all Group companies.
In August 2025, TDC Parsons Peebles Limited successfully attained ISO 14001:2015, a certification already held by TDC (Aberdeen) Limited. The Group is committed to protecting the environment and complies with all applicable environmental legislation and will continue working towards achieving accreditation across all Group companies.
This report was approved by the board and signed on its behalf.
Page 3
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The directors present their report and the financial statements for the year ended 30 September 2024.
The profit for the year, after taxation, amounted to £2,039,864 (2023 - £1,716,810).
During the year there were no dividends paid (2023 - £Nil).
The directors who served during the year were:
The group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of future developments.
There have been no significant events affecting the Group since the year end.
A resolution to appoint AAB Audit & Accountancy Limited as auditors of the Group and Company will be proposed at the next general meeting.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
This report was approved by the board and signed on its behalf.
Page 5
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF T D C (ABERDEEN) LIMITED
We have audited the financial statements of T D C (Aberdeen) Limited (the 'parent company') and its subsidiaries (the 'Group') for the year ended 30 September 2024, which comprise the Consolidated statement of comprehensive income, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF T D C (ABERDEEN) LIMITED (CONTINUED)
We have nothing to report in this regard.
In the light of the knowledge and understanding of the Group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF T D C (ABERDEEN) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified the greatest risk of material impact on the financial statements from irregularities including fraud to be:
∙Management override of controls to manipulate the group's key performance indicators to meet targets;
∙Timing and completeness of revenue recognition;
∙Management judgement applied in calculating provisions; and
∙Compliance with relevant laws and regulations which directly impact the financial statements and those that the company needs to comply with for the purpose of trading.
Our audit procedures to respond to these risks included:
∙Testing of journal entries and other adjustments for appropriateness;
∙Evaluating the business rationale of significant transactions outside the normal course of business;
∙Reviewing judgements made by management in their calculation of accounting estimates for potential management bias, includingestimates with regard to revenue recognition;
∙Enquiries of management about litigation and claims and inspection of relevant correspondence;
∙Reviewing legal and professional fees to identify indications of actual or potential litigation, claims and any non-compliance with laws and regulations; and
∙Performing a disclosure checklist on the financial statements to ensure Companies Act 2006 requirements are satisfied.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF T D C (ABERDEEN) LIMITED (CONTINUED)
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Kingshill View
Prime Four Business Park
Kingswells
AB15 8PU
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Page 11
CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2024
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CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 20 to 41 form part of these financial statements.
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COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2024
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COMPANY BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 20 to 41 form part of these financial statements.
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
T D C (Aberdeen) Limited (the `parent company`) is a private limited company domiciled and incorporated in Scotland. The registered office is 37 Albyn Place, Aberdeen, AB10 1YN.
The parent company's principal place of business is Bankhead Industrial Estate, Bankhead Avenue, Bucksburn, Aberdeen, AB21 9ET. The nature of the group and parent company's operations and its principal activities are set out within the Strategic Report.
The group consists of T D C (Aberdeen) Limited and all of its subsidiaries.
The parent company's principal place of business is Bankhead Industrial Estate, Bankhead Avenue, Bucksburn, Aberdeen, AB21 9ET. The nature of the group and parent company's operations and its principal activities are set out within the Strategic Report.
The group consists of T D C (Aberdeen) Limited and all of its subsidiaries.
2.Accounting policies
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Group keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.
Basic financial assets
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Amounts recoverable on contracts
Management make judgements about the progress of jobs and recognise costs and revenue proportionally on that basis. This affects the valuation of amounts recoverable on contracts which was carried at £4,059,838 (2023 - £4,099,854).
Depreciation of fixed assets
The amount of depreciation charged is based on management’s assessment of the useful economic lives and estimated residual values of the related fixed assets. On the basis that the estimated residual value of leasehold properties is at least equal to their carrying value, no depreciation has been charged in these accounts.
Carrying value of stocks
Management review the carrying value of stocks at the period end and assess whether there has been any impairment due to obsolescence. Management’s judgements around this would impact the valuation of stocks.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysis of turnover by country of destination:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12.Taxation (continued)
There were no factors that may affect future tax charges.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
14.Tangible fixed assets (continued)
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Page 34
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Page 36
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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Page 38
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
23.Deferred taxation (continued)
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Page 39
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Share premium account
Capital redemption reserve
Other reserves
Profit and loss account
The group's contributions to defined contribution pension schemes in the year were £809,148 (2023 - £656,108 ). Outstanding contributions accrued at the year end amounted to £90,991 (2023 - £70,797 ).
Page 40
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The group was under the control of director Neil Milne throughout the current and previous year.
Page 41