Dunnetts Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC639947 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Dunnetts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Dunnett

S Dunnett

REGISTERED OFFICE:

Ormlie Lodge

Ormlie Road

Thurso

Caithness

KW14 7DP

REGISTERED NUMBER:

SC639947 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Intangible assets

4

13,136

Tangible assets

5

1,454,186

1,504,431

Investments

6

2

1,467,324

1,517,569

CURRENT ASSETS

Stocks

28,927

32,407

Debtors

7

221,949

179,413

Cash in hand

16,363

14,813

267,239

226,633

CREDITORS

Amounts falling due within one year

8

(1,359,315

)

(1,455,904

)

NET CURRENT LIABILITIES

(1,092,076

)

(1,229,271

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

375,248

288,298

PROVISIONS FOR LIABILITIES

(28,495

)

(34,751

)

NET ASSETS

346,753

253,547

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

346,653

253,447

SHAREHOLDERS' FUNDS

346,753

253,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

S Dunnett - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

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

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% reducing balance and 15% reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

13,136

NET BOOK VALUE

At 31 August 2025

13,136

At 31 August 2024

13,136

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 September 2024

1,236,640

673,634

1,910,274

Additions

-

4,112

Disposals

-

(1,071

)

(1,071

)

At 31 August 2025

1,236,640

676,675

1,913,315

DEPRECIATION

At 1 September 2024

-

405,843

Charge for year

-

53,805

Eliminated on disposal

-

(519

)

(519

)

At 31 August 2025

-

459,129

NET BOOK VALUE

At 31 August 2025

1,236,640

217,546

1,454,186

At 31 August 2024

1,236,640

267,791

1,504,431

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

2

NET BOOK VALUE

At 31 August 2025

2

At 31 August 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

117,959

122,195

Other debtors

103,990

57,218

221,949

179,413

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

155,793

161,117

Trade creditors

241,523

216,404

Amounts owed to group undertakings

91,755

74,769

Taxation and social security

48,946

88,839

Other creditors

821,298

914,775

1,359,315

1,455,904

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

G A Dunnett

Balance outstanding at start of year

-

114,899

Amounts repaid

-

(114,899

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

S Dunnett

Balance outstanding at start of year

-

99,909

Amounts repaid

-

(99,909

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-