Dundas Transport Ltd 31/03/2025 iXBRL

Company registration number: SC675902

Dundas Transport Ltd

Filleted financial statements

31 March 2025

Dundas Transport Ltd

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Notes to the financial statements

Dundas Transport Ltd

Directors and other information


Directors	Mr J D T Bogie	(Resigned 30th May 2024)
	Mrs F A Bogie	(Resigned 30th May 2024)
	Mr D C Bogie
	Mr S J Bogie


Company number	SC675902


Registered office	Mosspark
	Brasswell
	Dumfries
	DG1 4PH


Business address	Mosspark
	Brasswell
	Dumfries
	DG1 4PH


Auditor	Carson & Trotter
	123 Irish Street
	Dumfries
	DG1 2PE

Dundas Transport Ltd

Directors responsibilities statement

Year ended 31st March 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Dundas Transport Ltd

Statement of financial position

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,286,201		3,131,895
		_______		_______
			3,286,201		3,131,895

Current assets
Stocks		53,497		57,389
Debtors	6	653,683		2,292,303
Cash at bank and in hand		468,512		50,470
		_______		_______
		1,175,692		2,400,162
Creditors: amounts falling due
within one year	7	( 861,518)		( 1,572,393)
		_______		_______
Net current assets			314,174		827,769
			_______		_______
Total assets less current liabilities			3,600,375		3,959,664

Creditors: amounts falling due
after more than one year	8		( 388,442)		( 934,682)

Provisions for liabilities	9		( 500,534)		( 416,498)

			_______		_______
Net assets			2,711,399		2,608,484
			_______		_______

Capital and reserves
Called up share capital	11		1		1
Profit and loss account			2,711,398		2,608,483
			_______		_______
Shareholders funds			2,711,399		2,608,484
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S J Bogie

Director

Company registration number: SC675902

Dundas Transport Ltd

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mosspark, Brasswell, Dumfries, DG1 4PH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Accounting estimates and judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from the other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or key sources of estimation uncertainty in the preparation of these financial statements.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 75 (2024: 70 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1st April 2024	5,860	4,439,204	4,445,064
Additions	844	1,103,687	1,104,531
Disposals	-	( 72,802)	( 72,802)
	_______	_______	_______
At 31st March 2025	6,704	5,470,089	5,476,793
	_______	_______	_______
Depreciation
At 1st April 2024	1,610	1,311,559	1,313,169
Charge for the year	659	945,721	946,380
Disposals	-	( 68,957)	( 68,957)
	_______	_______	_______
At 31st March 2025	2,269	2,188,323	2,190,592
	_______	_______	_______
Carrying amount
At 31st March 2025	4,435	3,281,766	3,286,201
	_______	_______	_______
At 31st March 2024	4,250	3,127,645	3,131,895
	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Motor vehicles
		£
	At 31st March 2025	808,853
		_______
	At 31st March 2024	1,936,171
		_______

6. Debtors

	2025	2024
	£	£
Trade debtors	637,097	2,238,340
Other debtors	16,586	53,963
	_______	_______
	653,683	2,292,303
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	247,682	571,936
Corporation tax	( 2,397)	( 84,930)
Social security and other taxes	350,964	337,273
Other creditors	265,269	748,114
	_______	_______
	861,518	1,572,393
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	388,442	934,682
	_______	_______

9. Provisions

	Deferred tax (note 10)	Total
	£	£
At 1st April 2024	416,498	416,498
Charges against provisions	84,036	84,036
	_______	_______
At 31st March 2025	500,534	500,534
	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	500,534	416,498
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	500,534	416,498
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______

12. Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified.

The senior statutory auditor was Linda E Brannock, BA, CA for and on behalf of Carson & Trotter

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Sales to a connected company	3,778,573	11,112,182	541,729	230,807
Purchases from connected companies	839,574	1,365,645	( 162,901)	9,030
	_______	_______	_______	_______

14. Controlling party

The company is a wholly owned subsidiary of Dundas Transport 1 Ltd.