Company registration number SC160703 (Scotland)
D S DALGLEISH & SON (COLDSTREAM) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
D S DALGLEISH & SON (COLDSTREAM) LIMITED
COMPANY INFORMATION
Directors
Mr A S Dalgleish
Mr G S Dalgleish
Mr C S Dalgleish
Mr B S Dalgleish
Mr S Cameron
Secretary
Mr A S Dalgleish
Company number
SC160703
Registered office
111 Melrose Road
Galashiels
United Kingdom
TD1 2BY
Accountants
JRW Hogg & Thorburn LLP
Riverside House
Ladhope Vale
GALASHIELS
TD1 1BT
D S DALGLEISH & SON (COLDSTREAM) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
D S DALGLEISH & SON (COLDSTREAM) LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D S DALGLEISH & SON (COLDSTREAM) LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D S Dalgleish & Son (Coldstream) Limited for the year ended 30 April 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of D S Dalgleish & Son (Coldstream) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of D S Dalgleish & Son (Coldstream) Limited and state those matters that we have agreed to state to the b oard of d irectors of D S Dalgleish & Son (Coldstream) Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D S Dalgleish & Son (Coldstream) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that D S Dalgleish & Son (Coldstream) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D S Dalgleish & Son (Coldstream) Limited. You consider that D S Dalgleish & Son (Coldstream) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D S Dalgleish & Son (Coldstream) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

JRW Hogg & Thorburn LLP
Chartered Accountants
Riverside House
Ladhope Vale
GALASHIELS
TD1 1BT
18 December 2025
D S DALGLEISH & SON (COLDSTREAM) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
572,367
562,812
Current assets
Stocks
825,301
834,430
Debtors
5
255,434
219,232
Cash at bank and in hand
173,358
266,049
1,254,093
1,319,711
Creditors: amounts falling due within one year
Obligations under finance leases
8
3,682
3,682
Taxation and social security
53,987
40,093
Other creditors
799,148
896,581
856,817
940,356
Net current assets
397,276
379,355
Total assets less current liabilities
969,643
942,167
Creditors: amounts falling due after more than one year
Obligations under finance leases
8
-
0
3,682
-
(3,682)
Provisions for liabilities
(7,655)
(5,262)
Net assets
961,988
933,223
Capital and reserves
Called up share capital
50,000
50,000
Other reserves
206,582
206,582
Profit and loss reserves
705,406
676,641
Total equity
961,988
933,223

The notes on pages 4 to 10 form part of these financial statements.

D S DALGLEISH & SON (COLDSTREAM) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 December 2025 and are signed on its behalf by:
..............................................
Mr G S Dalgleish
Director
Company registration number SC160703 (Scotland)
D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

D S Dalgleish & Son (Coldstream) Limited is a private company limited by shares incorporated in Scotland. The registered office is 111 Melrose Road, Galashiels, United Kingdom, TD1 2BY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
4% on cost
Fixed plant
5% on cost
Plant and machinery
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
1.7
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 amortised 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 amortised.

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

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 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 in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
21
4
Tangible fixed assets
Freehold property
Fixed plant
Plant and machinery
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 May 2024
533,195
113,431
126,441
38,457
42,765
854,289
Additions
-
0
12,873
-
0
-
0
5,904
18,777
Disposals
-
0
-
0
(5,008)
-
0
(1,516)
(6,524)
At 30 April 2025
533,195
126,304
121,433
38,457
47,153
866,542
Depreciation and impairment
At 1 May 2024
-
0
110,983
109,400
33,332
37,762
291,477
Depreciation charged in the year
-
0
911
4,257
1,281
2,713
9,162
Eliminated in respect of disposals
-
0
-
0
(5,002)
-
0
(1,462)
(6,464)
At 30 April 2025
-
0
111,894
108,655
34,613
39,013
294,175
Carrying amount
At 30 April 2025
533,195
14,410
12,778
3,844
8,140
572,367
At 30 April 2024
533,195
2,448
17,041
5,125
5,003
562,812
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
210,515
181,803
Other debtors
44,919
37,429
255,434
219,232
D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
328,200
281,941
Corporation tax
26,004
21,049
Other taxation and social security
27,983
19,044
Other creditors
474,630
618,322
856,817
940,356
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
8
-
0
3,682
8
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
3,682
3,682
In two to five years
-
0
3,682
3,682
7,364

9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
7,655
5,262
2025
Movements in the year:
£
Liability at 1 May 2024
5,262
Charge to profit or loss
2,393
Liability at 30 April 2025
7,655
D S DALGLEISH & SON (COLDSTREAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
9
Deferred taxation
(Continued)
- 10 -

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

10
Financial commitments, guarantees and contingent liabilities

The company has entered into an unlimited cross guarantee in respect of its own bank overdraft and the bank overdraft of its fellow subsidiary D S Dalgleish & Son Limited with their parent company D S Dalgleish & Son (Hawick) Limited.

D S Dalgleish & Son (Hawick) Limited had an overdraft of £7 2,459 at this year end (202 4 £74,135). The overdraft of D S Dalgleish & Son Ltd was £Nil (202 4 £Nil).

All amounts are secured by a fixed charge over the land and buildings owned by the companies, and by a bond and floating charge over the remaining assets of the company.

11
Related party transactions
Transactions with related parties

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

A S Dalgleish controls the company through his shareholding in the company's parent company, D S Dalgleish & Son (Hawick) Limited, a company incorporated in Scotland.

All the directors are also directors of the company's fellow subsidiary, D S Dalgleish & Son Limited, and of the parent company.

C S Dalgleish is the director of Dalgleish Motorcycles Limited.

30.04.25(£) 30.04.24 (£)

At the year end the following balances were outstanding:

Owed from group undertakings 13,758 7,069

Owed from Dalgleish Motorcycles Limited

Owed to group undertakings 292,078 261,298

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