REGISTERED NUMBER: SC411859 (Scotland)

James Dow Limited

Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Still

J A Still

SECRETARY:

Mrs H Still

REGISTERED OFFICE:

62 Harbour Road

Inverness

IV1 1UF

REGISTERED NUMBER:

SC411859 (Scotland)

ACCOUNTANTS:

The Long Partnership

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

FIXED ASSETS

Intangible assets

4

194,000

157,500

Tangible assets

5

42,061

20,494

236,061

177,994

CURRENT ASSETS

Stocks

100,945

87,958

Debtors

6

241,193

147,376

Cash at bank and in hand

116,782

208,679

458,920

444,013

CREDITORS

Amounts falling due within one year

7

355,438

314,056

NET CURRENT ASSETS

103,482

129,957

TOTAL ASSETS LESS CURRENT LIABILITIES

339,543

307,951

CREDITORS

Amounts falling due after more than one year

8

(111,165

)

(136,492

)

PROVISIONS FOR LIABILITIES

(7,992

)

(1,709

)

NET ASSETS

220,386

169,750

CAPITAL AND RESERVES

Called up share capital

130

130

Retained earnings

220,256

169,620

220,386

169,750

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 23 October 2025 and were signed on its behalf by:

A J Still - Director

1.	STATUTORY INFORMATION

James Dow 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 13 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

175,000

Additions

60,000

At 31 March 2025

235,000

AMORTISATION

At 1 April 2024

17,500

Charge for year

23,500

At 31 March 2025

41,000

NET BOOK VALUE

At 31 March 2025

194,000

At 31 March 2024

157,500

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2024

55,220

Additions

27,000

At 31 March 2025

82,220

DEPRECIATION

At 1 April 2024

34,726

Charge for year

5,433

At 31 March 2025

40,159

NET BOOK VALUE

At 31 March 2025

42,061

At 31 March 2024

20,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

197,066

108,198

Other debtors

44,127

39,178

241,193

147,376

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

67,647

41,498

Hire purchase contracts

16,221

3,974

Trade creditors

138,793

95,875

Taxation and social security

80,286

127,874

Other creditors

52,491

44,835

355,438

314,056

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

89,960

131,856

Hire purchase contracts

21,205

4,636

111,165

136,492