Company Registration No. SC318390 (Scotland)
David Park Contracts Limited
Unaudited accounts
for the year ended 31 March 2025
David Park Contracts Limited
Unaudited accounts
Contents
David Park Contracts Limited
Company Information
for the year ended 31 March 2025
Company Number
SC318390 (Scotland)
Registered Office
17 Morgan Way
Armadale
Bathgate
West Lothian
EH48 2JB
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
David Park Contracts Limited
Statement of financial position
as at 31 March 2025
Tangible assets
23,133
30,372
Cash at bank and in hand
33,118
36,423
Creditors: amounts falling due within one year
(22,824)
(34,192)
Net current assets
11,113
2,953
Total assets less current liabilities
34,246
33,325
Provisions for liabilities
Deferred tax
(4,395)
(5,983)
Called up share capital
1,000
1,000
Profit and loss account
28,851
26,342
Shareholders' funds
29,851
27,342
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2025 and were signed on its behalf by
David Park
Director
Company Registration No. SC318390
David Park Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025
David Park Contracts Limited is a private company, limited by shares, registered in Scotland, registration number SC318390. The registered office is 17 Morgan Way, Armadale, Bathgate, West Lothian, EH48 2JB.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
David Park Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025
Pension contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
9,600
40,632
830
7,383
58,445
At 31 March 2025
9,600
40,632
1,199
7,383
58,814
At 1 April 2024
9,600
12,070
830
5,573
28,073
Charge for the year
-
7,140
15
453
7,608
At 31 March 2025
9,600
19,210
845
6,026
35,681
At 31 March 2025
-
21,422
354
1,357
23,133
At 31 March 2024
-
28,562
-
1,810
30,372
Amounts falling due within one year
Accrued income and prepayments
819
722
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,456
(103)
Taxes and social security
5,305
7,631
Loans from directors
13,751
22,697
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Average number of employees
During the year the average number of employees was 1 (2024: 1).