Company registration number SC392003 (Scotland)
403 DUE NORTH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
403 DUE NORTH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
403 DUE NORTH LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
8,685
11,030
Current assets
Stocks
12,772
14,072
Debtors
5
13,114
14,270
Cash at bank and in hand
104,857
142,834
130,743
171,176
Creditors: amounts falling due within one year
6
(94,331)
(74,745)
Net current assets
36,412
96,431
Net assets
45,097
107,461
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
44,997
107,361
Total equity
45,097
107,461

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 November 2025
Mr G Thomson
Director
Company registration number SC392003 (Scotland)
403 DUE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

403 Due North Limited is a private company limited by shares incorporated in Scotland. The registered office is 144 Nethergate, Dundee, DD1 4EB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for catering services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% straight line

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.

1.4
Impairment of fixed assets

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).

1.5
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.

1.6
Cash and cash equivalents

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

403 DUE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

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

Classification of 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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

403 DUE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
16
403 DUE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 29 February 2024
77,538
113,718
191,256
Additions
-
0
560
560
Disposals
-
0
(14,785)
(14,785)
At 28 February 2025
77,538
99,493
177,031
Depreciation and impairment
At 29 February 2024
77,538
102,688
180,226
Depreciation charged in the year
-
0
2,905
2,905
Eliminated in respect of disposals
-
0
(14,785)
(14,785)
At 28 February 2025
77,538
90,808
168,346
Carrying amount
At 28 February 2025
-
0
8,685
8,685
At 28 February 2024
-
0
11,030
11,030
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
209
1,554
Other debtors
12,628
12,628
12,837
14,182
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
277
88
Total debtors
13,114
14,270
403 DUE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
38,521
31,254
Taxation and social security
41,511
32,735
Other creditors
14,299
10,756
94,331
74,745
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
694,175
775,484
9
Parent company

The company is 10 0% owned by Tayside Holdings Ltd.. The ultimate controlling parties are Gary and Louise Thomson, who own the entire share capital of THL.

2025-02-28 2024-02-29 false false false 20 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr G Thomson SC392003 2024-02-29 2025-02-28 SC392003 2025-02-28 SC392003 2024-02-28 SC392003 core:LandBuildings 2025-02-28 SC392003 core:OtherPropertyPlantEquipment 2025-02-28 SC392003 core:LandBuildings 2024-02-28 SC392003 core:OtherPropertyPlantEquipment 2024-02-28 SC392003 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 SC392003 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 SC392003 core:CurrentFinancialInstruments 2025-02-28 SC392003 core:CurrentFinancialInstruments 2024-02-28 SC392003 core:ShareCapital 2025-02-28 SC392003 core:ShareCapital 2024-02-28 SC392003 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC392003 core:RetainedEarningsAccumulatedLosses 2024-02-28 SC392003 core:ShareCapitalOrdinaryShareClass1 2025-02-28 SC392003 core:ShareCapitalOrdinaryShareClass1 2024-02-28 SC392003 bus:Director1 2024-02-29 2025-02-28 SC392003 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 SC392003 core:PlantMachinery 2024-02-29 2025-02-28 SC392003 core:FurnitureFittings 2024-02-29 2025-02-28 SC392003 core:ComputerEquipment 2024-02-29 2025-02-28 SC392003 2023-03-01 2024-02-28 SC392003 core:LandBuildings 2024-02-28 SC392003 core:OtherPropertyPlantEquipment 2024-02-28 SC392003 2024-02-28 SC392003 core:LandBuildings 2024-02-29 2025-02-28 SC392003 core:OtherPropertyPlantEquipment 2024-02-29 2025-02-28 SC392003 core:WithinOneYear 2025-02-28 SC392003 core:WithinOneYear 2024-02-28 SC392003 core:AfterOneYear 2025-02-28 SC392003 core:AfterOneYear 2024-02-28 SC392003 bus:OrdinaryShareClass1 2024-02-29 2025-02-28 SC392003 bus:OrdinaryShareClass1 2025-02-28 SC392003 bus:OrdinaryShareClass1 2024-02-28 SC392003 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 SC392003 bus:FRS102 2024-02-29 2025-02-28 SC392003 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 SC392003 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 SC392003 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP