Company registration number SC247291 (Scotland)
DENNIS CLANCY & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
DENNIS CLANCY & SONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DENNIS CLANCY & SONS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
43,337
56,619
Current assets
Stocks
9,377
14,574
Debtors
4
25,839
22,761
Cash at bank and in hand
331,192
329,506
366,408
366,841
Creditors: amounts falling due within one year
5
(34,643)
(28,401)
Net current assets
331,765
338,440
Total assets less current liabilities
375,102
395,059
Provisions for liabilities
(10,833)
(14,154)
Net assets
364,269
380,905
Capital and reserves
Called up share capital
6
38
38
Profit and loss reserves
364,231
380,867
Total equity
364,269
380,905

For the financial year ended 28 February 2026 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 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
Mr G Clancy
Mr P Clancy
Director
Director
Company registration number SC247291 (Scotland)
DENNIS CLANCY & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

Dennis Clancy & Sons Limited is a private company limited by shares incorporated in Scotland. The registered office is 2 Duart Crescent, Prestwick, KA9 1LY.

1.1
Accounting convention

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.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

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% reducing balance
Computers
25% reducing balance
Motor vehicles
20% straight line

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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DENNIS CLANCY & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 3 -
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.

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.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2026
2025
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2025
300,409
-
0
50,093
350,502
Additions
580
583
-
0
1,163
At 28 February 2026
300,989
583
50,093
351,665
Depreciation and impairment
At 1 March 2025
270,126
-
0
23,757
293,883
Depreciation charged in the year
7,715
146
6,584
14,445
At 28 February 2026
277,841
146
30,341
308,328
Carrying amount
At 28 February 2026
23,148
437
19,752
43,337
At 28 February 2025
30,283
-
0
26,336
56,619
DENNIS CLANCY & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
24,561
22,761
Other debtors
1,278
-
0
25,839
22,761
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
10,512
3,025
Corporation tax
4,783
11,683
Other taxation and social security
14,888
11,043
Other creditors
4,460
2,650
34,643
28,401
6
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
22
22
22
22
Ordinary A shares of £1 each
8
8
8
8
Ordinary B shares of £1 each
8
8
8
8
38
38
38
38
2026-02-28 2025-03-01 false false false 01 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G Clancy Mr P Clancy SC247291 2025-03-01 2026-02-28 SC247291 2026-02-28 SC247291 2025-02-28 SC247291 core:PlantMachinery 2026-02-28 SC247291 core:ComputerEquipment 2026-02-28 SC247291 core:MotorVehicles 2026-02-28 SC247291 core:PlantMachinery 2025-02-28 SC247291 core:ComputerEquipment 2025-02-28 SC247291 core:MotorVehicles 2025-02-28 SC247291 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 SC247291 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 SC247291 core:CurrentFinancialInstruments 2026-02-28 SC247291 core:CurrentFinancialInstruments 2025-02-28 SC247291 core:ShareCapital 2026-02-28 SC247291 core:ShareCapital 2025-02-28 SC247291 core:RetainedEarningsAccumulatedLosses 2026-02-28 SC247291 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC247291 core:ShareCapitalOrdinaryShareClass1 2026-02-28 SC247291 core:ShareCapitalOrdinaryShareClass1 2025-02-28 SC247291 core:ShareCapitalOrdinaryShareClass2 2026-02-28 SC247291 core:ShareCapitalOrdinaryShareClass2 2025-02-28 SC247291 core:ShareCapitalOrdinaryShareClass3 2026-02-28 SC247291 core:ShareCapitalOrdinaryShareClass3 2025-02-28 SC247291 core:ShareCapitalOrdinaryShares 2026-02-28 SC247291 core:ShareCapitalOrdinaryShares 2025-02-28 SC247291 bus:Director1 2025-03-01 2026-02-28 SC247291 bus:Director2 2025-03-01 2026-02-28 SC247291 core:PlantMachinery 2025-03-01 2026-02-28 SC247291 core:ComputerEquipment 2025-03-01 2026-02-28 SC247291 core:MotorVehicles 2025-03-01 2026-02-28 SC247291 2024-02-29 2025-02-28 SC247291 core:PlantMachinery 2025-02-28 SC247291 core:ComputerEquipment 2025-02-28 SC247291 core:MotorVehicles 2025-02-28 SC247291 2025-02-28 SC247291 bus:OrdinaryShareClass1 2025-03-01 2026-02-28 SC247291 bus:OrdinaryShareClass2 2025-03-01 2026-02-28 SC247291 bus:OrdinaryShareClass3 2025-03-01 2026-02-28 SC247291 bus:OrdinaryShareClass1 2026-02-28 SC247291 bus:OrdinaryShareClass1 2025-02-28 SC247291 bus:OrdinaryShareClass2 2026-02-28 SC247291 bus:OrdinaryShareClass2 2025-02-28 SC247291 bus:OrdinaryShareClass3 2026-02-28 SC247291 bus:OrdinaryShareClass3 2025-02-28 SC247291 bus:AllOrdinaryShares 2026-02-28 SC247291 bus:AllOrdinaryShares 2025-02-28 SC247291 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC247291 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC247291 bus:FRS102 2025-03-01 2026-02-28 SC247291 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 SC247291 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP