Dinnet Garage Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC605649

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		138,776		67,533

			138,776		67,533
CURRENT ASSETS
Stocks	5	75,283		177,432
Debtors	6	64,996		28,171
Cash at bank and in hand		787,957		464,862

		928,236		670,465
Creditors: Amounts Falling Due Within One Year	7	(171,918 )		(64,837 )

NET CURRENT ASSETS (LIABILITIES)			756,318		605,628

TOTAL ASSETS LESS CURRENT LIABILITIES			895,094		673,161

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,872 )		(17,658 )

NET ASSETS			875,222		655,503

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			875,122		655,403

SHAREHOLDERS' FUNDS			875,222		655,503

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Dinnet Garage Limited

Balance Sheet (continued)

As At 31 August 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Scott Donald McHardy

Director

10/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dinnet Garage Limited is a private company, limited by shares, incorporated in Scotland, registered number SC605649 . The registered office is Dinnet Garage North Deeside Road, Dinnet, Aboyne, AB34 5JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% RBM
Motor Vehicles	20% RBM
Computer Equipment	20% RBM

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Dinnet Garage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	141,390	8,753	9,342	159,485
Additions	39,703	63,073	134	102,910
Disposals	(24,867 )	-	-	(24,867 )

As at 31 August 2025	156,226	71,826	9,476	237,528

Depreciation
As at 1 September 2024	80,618	6,122	5,212	91,952
Provided during the period	18,492	4,311	853	23,656
Disposals	(16,856 )	-	-	(16,856 )

As at 31 August 2025	82,254	10,433	6,065	98,752

Net Book Value
As at 31 August 2025	73,972	61,393	3,411	138,776

As at 1 September 2024	60,772	2,631	4,130	67,533

5. Stocks

	2025	2024
	£	£
Finished goods	58,478	175,632
Work in progress	16,805	1,800

	75,283	177,432

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	64,351	22,748
Prepayments and accrued income	645	735
Directors' loan accounts	-	4,688

	64,996	28,171

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Dinnet Garage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	104,475	52,317
Corporation tax	85,865	35,809
Other taxes and social security	9,005	4,653
VAT	22,122	28,869
Pension Payable	1,304	805
Credit Card	3,156	3,730
Other creditors (3)	-	312
Accruals and deferred income	334	280
Directors' loan accounts	5,178	624
Amounts owed to group undertakings	(59,521 )	(62,562 )

	171,918	64,837

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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