Company registration number SC627857 (Scotland)
DALY CONTRACTS (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2025
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 2025
29 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
59,839
79,785
Current assets
Stocks
17,568
-
Debtors
4
179,078
596,381
Cash at bank and in hand
1,563
123
198,209
596,504
Creditors: amounts falling due within one year
5
(175,367)
(580,031)
Net current assets
22,842
16,473
Total assets less current liabilities
82,681
96,258
Creditors: amounts falling due after more than one year
6
(78,578)
(84,898)
Net assets
4,103
11,360
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,003
11,260
Total equity
4,103
11,360

For the financial year ended 29 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 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 YEAR ENDED 29 APRIL 2025
- 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
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.

1.2
Turnover

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

1.3
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.

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.

1.4
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.

DALY CONTRACTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 3 -
2
Employees

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

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 30 April 2024 and 29 April 2025
26,540
102,238
128,778
Depreciation and impairment
At 30 April 2024
18,142
30,851
48,993
Depreciation charged in the year
2,099
17,847
19,946
At 29 April 2025
20,241
48,698
68,939
Carrying amount
At 29 April 2025
6,299
53,540
59,839
At 29 April 2024
8,398
71,387
79,785
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
179,078
596,381
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Corporation tax
23,801
23,801
Other taxation and social security
31,219
16,945
Other creditors
110,347
529,285
175,367
580,031
DALY CONTRACTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 4 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
33,420
33,420
Other creditors
45,158
51,478
78,578
84,898
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