D & R Re-Sprays Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC512460

D & R Re-Sprays Ltd

Filleted Unaudited Financial Statements

31 August 2025

D & R Re-Sprays Ltd

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		105,954	118,136

Current assets

Stocks		9,000	9,400
Debtors	6	77,542	59,762
Cash at bank and in hand		91,339	81,152
		---------	---------
		177,881	150,314

Creditors: amounts falling due within one year	7	211,116		172,617
		---------		---------
Net current liabilities			33,235	22,303
			---------	---------
Total assets less current liabilities			72,719	95,833

Creditors: amounts falling due after more than one year	8		23,792	63,877

Provisions

Taxation including deferred tax	19,460	22,598
	--------	--------
Net assets	29,467	9,358
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	29,367	9,258
	--------	-------
Shareholders funds	29,467	9,358
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

D & R Re-Sprays Ltd

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 13 April 2026 , and are signed on behalf of the board by:

Mr P Bradley	Mr D Main
Director	Director

Mr R Adam
Director

Company registration number: SC512460

D & R Re-Sprays Ltd

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is DRM Re-Sprays, Moycroft Industrial Estate, Elgin, IV30 1XZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	Straight line over 10 years
Plant and Machinery	-	15% reducing balance
Fixtures and Fittings	-	20% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 7 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	–	78,296	2,575	126,316	3,711	210,898
Additions	11,820	1,225	–	–	896	13,941
	--------	--------	-------	---------	-------	---------
At 31 Aug 2025	11,820	79,521	2,575	126,316	4,607	224,839
	--------	--------	-------	---------	-------	---------
Depreciation
At 1 Sep 2024	–	31,860	1,995	57,590	1,317	92,762
Charge for the year	1,182	7,149	116	17,182	494	26,123
	--------	--------	-------	---------	-------	---------
At 31 Aug 2025	1,182	39,009	2,111	74,772	1,811	118,885
	--------	--------	-------	---------	-------	---------
Carrying amount
At 31 Aug 2025	10,638	40,512	464	51,544	2,796	105,954
	--------	--------	-------	---------	-------	---------
At 31 Aug 2024	–	46,436	580	68,726	2,394	118,136
	--------	--------	-------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	69,388	54,791
Other debtors	8,154	4,971
	--------	--------
	77,542	59,762
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,858	13,328
Trade creditors	25,446	29,684
Corporation tax	38,505	13,836
Social security and other taxes	24,748	21,804
Pension	561	477
Other creditors	113,998	93,488
	---------	---------
	211,116	172,617
	---------	---------

Obligations under hire purchase and finance leases of £15,886 (2024 - £19,687) shown as other creditors are secured on the assets concerned.

Personal guarantees have been given by the directors with regards to a loan amounting to £nil as at 31 August 2025 (2024 - £3,328).

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	8,123
Other creditors	23,792	55,754
	--------	--------
	23,792	63,877
	--------	--------

Obligations under hire purchase and finance leases of £23,792 (2024 - £48,513) shown as other creditors are secured on the assets concerned.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	690	670
Later than 1 year and not later than 5 years	345	350
	-------	-------
	1,035	1,020
	-------	-------

10. Related party transactions

The dividends paid to the directors during the year were £81,000 (2024 - £75,600). Included within other creditors due within one year is £87,204 (2024 - £60,646) which is due to the directors. No interest is charged on the loan.