REGISTERED NUMBER: SC319737 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DAB Fabrications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Donald A Brodie

REGISTERED OFFICE:

Block 5 - Unit 1

Cowlairs Industrial Estate

Finlas Street

Glasgow

G22 5DT

REGISTERED NUMBER:

SC319737 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

95,742

123,970

Investments

5

145,373

183,034

241,115

307,004

CURRENT ASSETS

Stock

76,000

210,000

Debtors

6

562,194

484,254

Cash at bank and in hand

45,711

104,578

683,905

798,832

CREDITORS

Amounts falling due within one year

7

212,518

246,308

NET CURRENT ASSETS

471,387

552,524

TOTAL ASSETS LESS CURRENT LIABILITIES

712,502

859,528

CREDITORS

Amounts falling due after more than one year

8

(9,975

)

(19,950

)

PROVISIONS FOR LIABILITIES

9

(23,935

)

(30,993

)

NET ASSETS

678,592

808,585

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

678,591

808,584

SHAREHOLDERS' FUNDS

678,592

808,585

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Donald A Brodie - Director

1.	STATUTORY INFORMATION

DAB Fabrications Ltd 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 as modified by the revaluation of certain assets.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

144,060

4,139

109,587

257,786

Additions

2,534

-

-

2,534

At 31 March 2025

146,594

4,139

109,587

260,320

DEPRECIATION

At 1 April 2024

88,578

1,034

44,204

133,816

Charge for year

14,514

776

15,472

30,762

At 31 March 2025

103,092

1,810

59,676

164,578

NET BOOK VALUE

At 31 March 2025

43,502

2,329

49,911

95,742

At 31 March 2024

55,482

3,105

65,383

123,970

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

49,875

DEPRECIATION

At 1 April 2024

28,835

Charge for year

5,260

At 31 March 2025

34,095

NET BOOK VALUE

At 31 March 2025

15,780

At 31 March 2024

21,040

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

183,034

Additions

39,107

Disposals

(61,745

)

Revaluations

(15,023

)

At 31 March 2025

145,373

NET BOOK VALUE

At 31 March 2025

145,373

At 31 March 2024

183,034

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2025

145,373

Represents various listed investments held via Dowgate Capital Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

245,140

185,028

Other debtors

317,054

299,226

562,194

484,254

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,667

21,667

Hire purchase contracts

9,975

9,975

Trade creditors

69,114

81,580

Taxation and social security

70,497

93,626

Other creditors

51,265

39,460

212,518

246,308

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,975

19,950

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

23,935

30,993

Deferred

tax

£

Balance at 1 April 2024

30,993

Credit to Statement of Income and Retained Earnings during year

(7,058

)

Balance at 31 March 2025

23,935

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 April 2024

808,584

Deficit for the year

(77,993

)

Dividends

(52,000

)

At 31 March 2025

678,591

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan account was overdrawn by £103,818 at the year end and s455 tax has been provided on the overdrawn amount.