DUNEDIN ADVISORY LIMITED


Directors	Christine Convy
	John Convy


Registered Address	Itek House
	1 Newark Road South
	Glenrothes
	KY7 4NS


Registered Number	SC357810 (Scotland)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,759		8,850
			8,759		8,850
Current assets
Stocks		195,410		154,505
Debtors	4	76,536		39,064
Cash at bank and on hand		16,245		39,476
		288,191		233,045
Creditors amounts falling due within one year	5	(179,694)		(155,140)
Net current assets (liabilities)			108,497		77,905
Total assets less current liabilities			117,256		86,755
Creditors amounts falling due after one year	6		-		(25,925)
Provisions for liabilities			(2,190)		(2,208)
Net assets			115,066		58,622
Capital and reserves
Called up share capital			40		40
Revaluation reserve			4,123		4,123
Profit and loss account			110,903		54,459
Shareholders' funds			115,066		58,622

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 January 2026, and are signed on its behalf by:

Christine Convy
Director
Registered Company No. SC357810

DUNEDIN ADVISORY LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents net invoiced sales of services, excluding value added tax.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures & Fittings - 20% reducing balance Computer & Office Equipment - 33% on cost and 20% reducing balance

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		13

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 May 24	11,961	75,892	87,853
Additions	-	2,182	2,182
At 30 April 25	11,961	78,074	90,035
Depreciation and impairment
At 01 May 24	8,495	70,508	79,003
Charge for year	468	1,805	2,273
At 30 April 25	8,963	72,313	81,276
Net book value
At 30 April 25	2,998	5,761	8,759
At 30 April 24	3,466	5,384	8,850

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	28,228	6,604
Other debtors	37,939	24,802
Prepayments and accrued income	10,369	7,658
Total	76,536	39,064

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,968	2,319
Bank borrowings and overdrafts	25,926	44,454
Taxation and social security	114,660	101,774
Other creditors	28,140	975
Accrued liabilities and deferred income	6,000	5,618
Total	179,694	155,140


	There is a bond and floating charge in place in favour of the Clydesdale Bank secured on the assets of the company.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	25,925
Total	-	25,925