REGISTERED NUMBER: SC264701 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Dalgarno Subshops Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Qureshi

REGISTERED OFFICE:

40 Redwood Avenue

Inverness

IV2 6HA

REGISTERED NUMBER:

SC264701 (Scotland)

FIXED ASSETS

Tangible assets

4

155,103

162,219

Investments

5

-

10,000

155,103

172,219

CURRENT ASSETS

Stocks

6

11,277

17,813

Debtors

7

17,077

1,142,517

Cash at bank and in hand

26,100

98,090

54,454

1,258,420

CREDITORS

Amounts falling due within one year

8

128,297

180,328

NET CURRENT (LIABILITIES)/ASSETS

(73,843

)

1,078,092

TOTAL ASSETS LESS CURRENT LIABILITIES

81,260

1,250,311

CREDITORS

Amounts falling due after more than one year

9

-

(62,323

)

PROVISIONS FOR LIABILITIES

(20,002

)

(17,636

)

NET ASSETS

61,258

1,170,352

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

61,058

1,170,152

SHAREHOLDERS' FUNDS

61,258

1,170,352

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

S A Qureshi - Director

1.	STATUTORY INFORMATION

Dalgarno Subshops 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the companies Act 2006.

The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services.

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.

Long leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently at cost less depreciation.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Fixed asset investments

Fixed asset investment comprise of investmnets in other valuable assets which are measured at cost at the balance sheet date.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Office

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

53,288

297,378

232,760

134,069

717,495

Additions

-

-

52,950

-

52,950

Disposals

(2,000

)

(40,461

)

(53,940

)

(3,552

)

(99,953

)

At 31 March 2025

51,288

256,917

231,770

130,517

670,492

DEPRECIATION

At 1 April 2024

53,288

283,949

145,556

72,483

555,276

Charge for year

-

3,357

29,818

15,397

48,572

Eliminated on disposal

(2,000

)

(39,830

)

(44,315

)

(2,314

)

(88,459

)

At 31 March 2025

51,288

247,476

131,059

85,566

515,389

NET BOOK VALUE

At 31 March 2025

-

9,441

100,711

44,951

155,103

At 31 March 2024

-

13,429

87,204

61,586

162,219

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Other investment

-

10,000

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

11,277

17,813

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

-

789,124

Other debtors

14,227

349,133

Prepayments and accrued income

2,850

4,260

17,077

1,142,517

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 10)

-

55,630

Trade creditors

30,231

55,639

Tax

6,005

11,426

Social security and other taxes

-

7,587

Pension liability

1,296

1,043

VAT

35,409

39,897

Directors' current accounts

-

6,121

Accrued expenses

55,356

2,985

128,297

180,328

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

-

62,323

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

32

Bank loans < 1 year

-

55,598

-

55,630

Amounts falling due between two and five years:

Bank loans > 1 year

-

62,323

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200

Ordinary

£1

200

200