ACCOUNTS - Final Accounts preparation

Registered number: SC707734

DISCOVERY MOTOR SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

DISCOVERY MOTOR SERVICES LIMITED

COMPANY INFORMATION

Directors	Mr M Dorward
	Mr G Kilhooley (resigned 5 March 2025)
	Mr R Dorward (appointed 1 April 2025)


Registered number	SC707734


Registered office	Balgray Place
	Dundee
	DD3 8SH

DISCOVERY MOTOR SERVICES LIMITED

REGISTERED NUMBER: SC707734

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		8,458		8,676
			8,458		8,676
Current assets
Stocks		124		124
Debtors: amounts falling due within one year	5	46		1,845
Cash at bank and in hand		11,330		11,036
		11,500		13,005
Creditors: amounts falling due within one year	6	(27,822)		(27,173)
Net current liabilities			(16,322)		(14,168)
Total assets less current liabilities			(7,864)		(5,492)

Net liabilities			(7,864)		(5,492)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(7,964)	(5,592)
		(7,864)	(5,492)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 May 2026.

Mr M Dorward

Director

The notes on pages 3 to 6 form part of these financial statements.

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DISCOVERY MOTOR SERVICES LIMITED

REGISTERED NUMBER: SC707734

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

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DISCOVERY MOTOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is Balgray Place, Dundee, Scotland, DD3 8SH

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The company has net liabilities. The business continued to trade until April 2026 when it then ceased trading. The accounts have been prepared on a going concern basis that all external creditors will be settled.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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DISCOVERY MOTOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%	reducing balance
				Motor vehicles	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 2).

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DISCOVERY MOTOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 September 2024	9,511	9,500	19,011
Additions	4,269	-	4,269
At 31 August 2025	13,780	9,500	23,280
Depreciation
At 1 September 2024	3,210	7,125	10,335
Charge for the year on owned assets	2,112	2,375	4,487
At 31 August 2025	5,322	9,500	14,822
Net book value
At 31 August 2025	8,458	-	8,458

Debtors

					2025	2024
					£	£


Trade debtors	46	1,845
	46	1,845

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	5,751	3,062
Other taxation and social security	6,358	5,830
Other creditors	15,713	18,281
	27,822	27,173

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DISCOVERY MOTOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

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