Company registration number SC627857 (Scotland)
DALY CONTRACTS (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
DALY CONTRACTS (SCOTLAND) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DALY CONTRACTS (SCOTLAND) LIMITED
BALANCE SHEET
AS AT
29 APRIL 2023
29 April 2023
- 1 -
29 April 2023
30 April 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,666
32,888
Current assets
Debtors
4
299,216
314,090
Cash at bank and in hand
35
-
0
299,251
314,090
Creditors: amounts falling due within one year
5
(232,895)
(197,238)
Net current assets
66,356
116,852
Total assets less current liabilities
91,022
149,740
Creditors: amounts falling due after more than one year
6
(33,420)
(33,420)
Net assets
57,602
116,320
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
57,502
116,220
Total equity
57,602
116,320

For the financial period ended 29 April 2023 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 period in question in accordance with section 476.

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 April 2026
Mr R S Daly
Director
Company registration number SC627857 (Scotland)
DALY CONTRACTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 APRIL 2023
- 2 -
1
Accounting policies
Company information

Daly Contracts (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.

1.1
Reporting period

The financial statements cover the period 01 May 2022- 29 April 2023 therefore are not entirely comparable. This is at the decision of the director.

1.2
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. The principal accounting policies adopted are set out below.

1.3
Turnover

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

1.4
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.

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:

Plant and equipment
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis

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.

1.5
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.

DALY CONTRACTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
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.

2
Employees

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

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 May 2022 and 29 April 2023
26,540
20,524
47,064
Depreciation and impairment
At 1 May 2022
11,611
2,565
14,176
Depreciation charged in the period
3,732
4,490
8,222
At 29 April 2023
15,343
7,055
22,398
Carrying amount
At 29 April 2023
11,197
13,469
24,666
At 30 April 2022
14,929
17,959
32,888
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
299,216
314,090
DALY CONTRACTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 APRIL 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,010
Corporation tax
23,801
26,235
Other taxation and social security
38,061
36,152
Other creditors
161,033
124,841
232,895
197,238
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
33,420
33,420
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