Dunedin Services Limited iXBRL

Company Registration Number: 09714144

Dunedin Services Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Dunedin Services Limited

DIRECTOR AND OTHER INFORMATION


Director	Cameron Smith


Company Secretary	Cameron Smith


Company Registration Number	09714144


Registered Office	46 Marchwood Road
	Sheffield
	S6 5LD


Accountants	MCI Chartered Accountants
	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG

Dunedin Services Limited

Company Registration Number: 09714144

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets	4	17,051	21,317
		─────────	─────────

Current Assets

Debtors	5	15,384	20,626
Cash at bank and in hand		726	362
		─────────	─────────
		16,110	20,988
		─────────	─────────
Creditors: amounts falling due within one year	6	(10,501)	(10,806)
		─────────	─────────
Net Current Assets		5,609	10,182
		─────────	─────────
Total Assets less Current Liabilities		22,660	31,499

Creditors:

amounts falling due after more than one year	7	(22,102)	(27,176)

Provisions for liabilities	8	(3,239)	(4,050)
		─────────	─────────
Net (Liabilities)/Assets		(2,681)	273
		═════════	═════════

Capital and Reserves

Called up share capital	1	1
Retained earnings	(2,682)	272
	─────────	─────────
Shareholders' (Deficit)/Funds	(2,681)	273
	═════════	═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 25 September 2025




Cameron Smith
Director

Dunedin Services Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Dunedin Services Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 09714144. The registered office of the company is 46 Marchwood Road, Sheffield, S6 5LD. The principal activity of the company is electrical installation. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from electrical installation services is recognised by reference to the state of completion at the balance sheet date. The stage of completion is measured by reference to labour hours completed and materials consumed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Computer equipment

20% Reducing balance

Motor vehicles

20% Reducing balance

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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimated the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the Statement of Income and Retained Earnings, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Leasing and hire purchases

Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 1 (2024 - 1).


4.	Tangible assets
		Computer	Motor	Total
		equipment	vehicles

		£	£	£
	Cost
	At 1 April 2024	495	40,319	40,814
		─────────	─────────	─────────

	At 31 March 2025	495	40,319	40,814
		─────────	─────────	─────────
	Depreciation
	At 1 April 2024	440	19,057	19,497
	Charge for the financial year	14	4,252	4,266
		─────────	─────────	─────────
	At 31 March 2025	454	23,309	23,763
		─────────	─────────	─────────
	Net book value
	At 31 March 2025	41	17,010	17,051
		═════════	═════════	═════════
	At 31 March 2024	55	21,262	21,317
		═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	9,000	15,761
	Other debtors	2,746	4,779
	Director's current account	3,638	-
	Taxation	-	86
		─────────	─────────
		15,384	20,626
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	1,012	1,479
	Net obligations under finance leases
	and hire purchase contracts	4,800	4,226
	Trade creditors	-	609
	Taxation	2,589	2,643
	Director's current account	-	99
	Accruals	2,100	1,750
		─────────	─────────
		10,501	10,806
		═════════	═════════

	Total creditors above includes secured liabilities amounting to £4,800 (2024: £4,226) (Note 9).


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	8,604	9,057
	Finance leases and hire purchase contracts	13,498	18,119
		─────────	─────────
		22,102	27,176
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 6)	1,012	1,479
	Repayable between one and two years	1,012	1,479
	Repayable between two and five years	7,592	7,578
		─────────	─────────
		9,616	10,536
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	4,800	4,226
	Repayable between one and five years	13,498	18,119
		─────────	─────────
		18,298	22,345
		═════════	═════════

	Total creditors above includes secured liabilities amounting to £13,498 (2024: £18,119) (Note 9).


8.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Total	Total
		allowances

			2025	2024
		£	£	£

	At financial year start	4,050	4,050	5,063
	Charged to profit and loss	(811)	(811)	(1,013)
		─────────	─────────	─────────
	At financial year end	3,239	3,239	4,050
		═════════	═════════	═════════

Secuity

Volkswagen Financial Services (UK) Limited hold specific charges over assets held under hire purchase contracts.