REGISTERED NUMBER: SC374437 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

D&G MODULAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Gibbons

REGISTERED OFFICE:

54 Dunrobin Crescent

East Kilbride

Lanarkshire

G74 4SU

REGISTERED NUMBER:

SC374437 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Tangible assets

4

43,798

15,332

CURRENT ASSETS

Debtors

5

134,783

115,956

Cash at bank

55,707

24,820

190,490

140,776

CREDITORS

Amounts falling due within one year

6

89,752

44,195

NET CURRENT ASSETS

100,738

96,581

TOTAL ASSETS LESS CURRENT LIABILITIES

144,536

111,913

CREDITORS

Amounts falling due after more than one year

7

(43,466

)

(27,710

)

PROVISIONS FOR LIABILITIES

8

(10,950

)

(2,913

)

NET ASSETS

90,120

81,290

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,020

81,190

SHAREHOLDERS' FUNDS

90,120

81,290

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 director acknowledges his 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 director and authorised for issue on 8 July 2025 and were signed by:

D Gibbons - Director

1.	STATUTORY INFORMATION

D&G Modular 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.

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

9

5,216

39,488

8,295

53,008

Additions

-

-

40,500

-

40,500

Disposals

-

(4,947

)

(14,990

)

-

(19,937

)

At 31 March 2025

9

269

64,998

8,295

73,571

DEPRECIATION

At 1 April 2024

-

5,212

24,176

8,288

37,676

Charge for year

-

-

12,031

-

12,031

Eliminated on disposal

-

(4,945

)

(14,989

)

-

(19,934

)

At 31 March 2025

-

267

21,218

8,288

29,773

NET BOOK VALUE

At 31 March 2025

9

2

43,780

7

43,798

At 31 March 2024

9

4

15,312

7

15,332

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

Motor

vehicles

£

COST

At 1 April 2024

24,498

Additions

40,500

At 31 March 2025

64,998

DEPRECIATION

At 1 April 2024

9,187

Charge for year

12,031

At 31 March 2025

21,218

NET BOOK VALUE

At 31 March 2025

43,780

At 31 March 2024

15,311

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

134,612

115,575

Directors' current accounts

171

-

VAT

-

381

134,783

115,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,366

11,790

Hire purchase contracts

10,011

4,787

Trade creditors

8,530

17,399

Corporation tax

13,239

3,896

Payroll taxation

3,064

828

Pension fund control

95

93

VAT

35,400

-

Wages control

318

332

Directors' current accounts

-

2,437

Accrued charges

2,729

2,633

89,752

44,195

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

-

10,419

Bank loans - 2-5 years

-

3,541

Hire purchase contracts

43,466

13,750

43,466

27,710

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

10,950

2,913

Deferred

tax

£

Balance at 1 April 2024

2,913

Provided during year

8,037

Balance at 31 March 2025

10,950

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D Gibbons

Balance outstanding at start of year

-

-

Amounts advanced

171

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

171

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D Gibbons.