Company No: SC056986 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	786,998		839,769
Investment property	4	130,000		364,000
		916,998		1,203,769
Current assets
Stocks	5	167,975		161,631
Debtors	6	143,922		195,157
Cash at bank and in hand	7	196,893		187,562
		508,790		544,350
Creditors: amounts falling due within one year	8	( 335,369)		( 381,981)
Net current assets		173,421		162,369
Total assets less current liabilities		1,090,419		1,366,138
Creditors: amounts falling due after more than one year	9	( 537,280)		( 700,440)
Provision for liabilities	10, 11	( 24,974)		( 34,453)
Net assets		528,165		631,245
Capital and reserves
Called-up share capital	12	700		700
Revaluation reserve		90,315		97,918
Profit and loss account		437,150		532,627
Total shareholders' funds		528,165		631,245

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Danscot Limited (registered number: SC056986) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Mary Ann Wallace Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Danscot Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Bute House, Arran Road, Perth, PH1 3DZ, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for printing and the supply of office stationery and services net of VAT and trade discounts.

Revenue is recognised on an accruals basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	2 % reducing balance
Plant and machinery	3 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under hire purchase contracts, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible 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).

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		22

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	676,126		1,261,046		133,637		124,669		2,195,478
At 31 March 2025	676,126		1,261,046		133,637		124,669		2,195,478
Accumulated depreciation
At 01 April 2024	6,723		1,149,488		85,913		113,585		1,355,709
Charge for the financial year	13,388		26,343		11,931		1,109		52,771
At 31 March 2025	20,111		1,175,831		97,844		114,694		1,408,480
Net book value
At 31 March 2025	656,015		85,215		35,793		9,975		786,998
At 31 March 2024	669,403		111,558		47,724		11,084		839,769

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	364,000
Disposals	(234,000)
As at 31 March 2025	130,000

The fair value of the investment property has been arrived at on an open market basis carried out at 31 March 2025 by the directors with reference to market evidence of transaction prices for similar properties.

5. Stocks

	2025		2024
	£		£
Stocks	167,975		161,631

6. Debtors

	2025		2024
	£		£
Trade debtors	127,096		164,370
Corporation tax	0		5,021
Other debtors	16,826		25,766
	143,922		195,157

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	196,893		187,562

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	21,001		25,539
Trade creditors	124,163		173,878
Taxation and social security	34,267		29,391
Obligations under finance leases and hire purchase contracts (secured)	44,189		48,214
Other creditors	111,749		104,959
	335,369		381,981

Amounts included in bank loans relate to the bounce back loan scheme which is fully covered by a government backed guarantee.

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	322,538		441,509
Obligations under finance leases and hire purchase contracts (secured)	14,742		58,931
Other creditors	200,000		200,000
	537,280		700,440

Amounts included in bank loans relate to the bounce back loan scheme which is fully covered by a government back guarantee.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (repayable by instalments)	258,909		346,928

10. Provision for liabilities

	2025		2024
	£		£
Deferred tax	24,974		34,453

11. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 34,453)		( 22,415)
Credited/(charged) to the Profit and Loss Account	9,479		( 12,038)
At the end of financial year	( 24,974)		( 34,453)

12. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
690 Ordinary shares of £ 1.00 each	690		690
5 A Ordinary shares of £ 1.00 each	5		5
5 B Ordinary shares of £ 1.00 each	5		5
	700		700