REGISTERED NUMBER: SC164433 (Scotland)

Paul Dickson Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

C P Dickson

Mrs L Shufflebottom

Secretary:

C P Dickson

Registered office:

19 Treaty Park

Birgham

Berwickshire

TD12 4NG

Registered number:

SC164433 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

8,688

11,410

Current assets

Debtors

5

56,148

62,562

Cash at bank and in hand

15,755

31,643

71,903

94,205

Creditors

Amounts falling due within one year

6

53,069

54,219

Net current assets

18,834

39,986

Total assets less current liabilities

27,522

51,396

Creditors

Amounts falling due after more than one year

7

(940

)

(6,709

)

Provisions for liabilities

(1,392

)

(1,910

)

Net assets

25,190

42,777

Capital and reserves

Called up share capital

20

20

Retained earnings

25,170

42,757

Shareholders' funds

25,190

42,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2025 and were signed on its behalf by:

C P Dickson - Director

1.	Statutory information

Paul Dickson 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover relating to sales for third parties arises when the binding contract is agreed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank overdrafts, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors accruals and bank overdrafts are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2024

and 31st March 2025

11,519

25,720

1,465

38,704

Depreciation

At 1st April 2024

8,980

16,904

1,410

27,294

Charge for year

507

2,201

14

2,722

At 31st March 2025

9,487

19,105

1,424

30,016

Net book value

At 31st March 2025

2,032

6,615

41

8,688

At 31st March 2024

2,539

8,816

55

11,410

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

921

13,988

Other debtors

55,227

48,574

56,148

62,562

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

5,784

7,058

Trade creditors

10,891

17,278

Taxation and social security

11,045

12,225

Other creditors

25,349

17,658

53,069

54,219

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

940

6,709

8.	Directors' advances, credits and guarantees

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

2024

2024

£

£

Director 1

Balance outstanding at start of year

36,744

37,413

Amounts advanced

6,695

941

Amounts repaid

(1,610

)

(1,610

)

Balance outstanding at end of year

41,829

36,744

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.