REGISTERED NUMBER: SC423054 (Scotland)

DASAN SOLUTIONS LIMITED

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Schofield

Mrs S Schofield

REGISTERED OFFICE:

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC423054 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

93,341

114,256

CURRENT ASSETS

Debtors

5

26,585

4,626

Cash at bank

7,266

185

33,851

4,811

CREDITORS

Amounts falling due within one year

6

72,658

49,888

NET CURRENT LIABILITIES

(38,807

)

(45,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,534

69,179

CREDITORS

Amounts falling due after more than one year

7

(42,627

)

(42,822

)

PROVISIONS FOR LIABILITIES

(15,667

)

(19,809

)

NET (LIABILITIES)/ASSETS

(3,760

)

6,548

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

(4,260

)

6,048

SHAREHOLDERS' FUNDS

(3,760

)

6,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

D G Schofield - Director

1.	STATUTORY INFORMATION

Dasan Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% depreciation on cost

Fixtures and fittings

-

20% depreciation on cost

Motor vehicles

-

20% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

10,000

296,741

1,490

Disposals

-

(21,696

)

(1,490

)

At 31 March 2025

10,000

275,045

-

DEPRECIATION

At 1 April 2024

-

220,528

604

Charge for year

-

10,674

-

Eliminated on disposal

-

(18,293

)

(604

)

At 31 March 2025

-

212,909

-

NET BOOK VALUE

At 31 March 2025

10,000

62,136

-

At 31 March 2024

10,000

76,213

886

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

85,060

6,680

399,971

Disposals

(1,340

)

(730

)

(25,256

)

At 31 March 2025

83,720

5,950

374,715

DEPRECIATION

At 1 April 2024

64,058

525

285,715

Charge for year

4,154

1,146

15,974

Eliminated on disposal

(1,113

)

(305

)

(20,315

)

At 31 March 2025

67,099

1,366

281,374

NET BOOK VALUE

At 31 March 2025

16,621

4,584

93,341

At 31 March 2024

21,002

6,155

114,256

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

51,705

30,745

82,450

DEPRECIATION

At 1 April 2024

21,070

15,004

36,074

Charge for year

6,127

3,148

9,275

At 31 March 2025

27,197

18,152

45,349

NET BOOK VALUE

At 31 March 2025

24,508

12,593

37,101

At 31 March 2024

30,635

15,741

46,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,538

4,626

Other debtors

20,047

-

26,585

4,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,770

5,900

Hire purchase contracts

2,273

24,197

Trade creditors

6,615

11,425

Tax

3,005

-

Social security and other taxes

-

(1,724

)

Pensions

330

273

VAT

10,009

7,540

Directors' current accounts

-

779

Accrued expenses

33,656

1,498

72,658

49,888

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

5,367

4,600

Bank loans - 2-5 years

-

767

Hire purchase contracts

-

383

Directors' loan accounts

37,260

37,072

42,627

42,822

8.	RELATED PARTY DISCLOSURES

Details of directors' remuneration are disclosed in note 2.

Included within creditors falling due over one year is a balance due to D G Schofield, director of £37,260 (2024 - £37,072). There are no fixed repayment terms and interest is not charged on the balance.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D G Schofield.

The ultimate controlling party is D G Schofield.