REGISTERED NUMBER: SC291341 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

D S McG Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D S McGuffie

SECRETARY:

Mrs F J McGuffie

REGISTERED OFFICE:

Sand Hill

Station Road

Buchlyvie

Stirling

FK8 3PD

REGISTERED NUMBER:

SC291341 (Scotland)

ACCOUNTANTS:

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

774,735

832,283

Investments

6

-

310,528

Investment property

7

163,590

160,590

938,325

1,303,401

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

8

1,252,675

959,670

Cash at bank

936,163

1,094,719

2,228,838

2,094,389

CREDITORS

Amounts falling due within one year

9

820,311

598,750

NET CURRENT ASSETS

1,408,527

1,495,639

TOTAL ASSETS LESS CURRENT LIABILITIES

2,346,852

2,799,040

CREDITORS

Amounts falling due after more than one year

10

(40,655

)

(84,359

)

PROVISIONS FOR LIABILITIES

(143,996

)

(156,759

)

NET ASSETS

2,162,201

2,557,922

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,162,199

2,557,920

SHAREHOLDERS' FUNDS

2,162,201

2,557,922

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2026 and were signed by:

D S McGuffie - Director

1.	STATUTORY INFORMATION

D S McG 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement, and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability on the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date. Any adjustments to the amounts previously provided are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Tangible fixed assets

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

Buildings

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Financial instruments

All basic financial assets and liabilities of the company are recognised initially at transaction value and subsequently at settlement value.

Investments in publicly traded equities are initially measured at cost, and are subsequently carried at fair value, with changes in fair value recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 55 (2024 - 54 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

34,355

AMORTISATION

At 1 November 2024

and 31 October 2025

34,355

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

Goodwill paid on the acquisition of a business in 2015 was amortised over five years.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Buildings

machinery

fittings

£

£

£

COST

At 1 November 2024

408,909

636,782

21,240

Additions

14,030

67,115

-

Disposals

-

(36,700

)

-

At 31 October 2025

422,939

667,197

21,240

DEPRECIATION

At 1 November 2024

193,613

442,881

11,164

Charge for year

21,530

64,335

2,519

Eliminated on disposal

-

(33,026

)

-

At 31 October 2025

215,143

474,190

13,683

NET BOOK VALUE

At 31 October 2025

207,796

193,007

7,557

At 31 October 2024

215,296

193,901

10,076

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

783,450

13,995

1,864,376

Additions

87,525

833

169,503

Disposals

(100,377

)

-

(137,077

)

At 31 October 2025

770,598

14,828

1,896,802

DEPRECIATION

At 1 November 2024

375,248

9,187

1,032,093

Charge for year

120,714

1,410

210,508

Eliminated on disposal

(87,508

)

-

(120,534

)

At 31 October 2025

408,454

10,597

1,122,067

NET BOOK VALUE

At 31 October 2025

362,144

4,231

774,735

At 31 October 2024

408,202

4,808

832,283

6.	FIXED ASSET INVESTMENTS

Fixed asset investments was a portfolio comprising publicly traded equities and bonds. The entire portfolio was disposed of during the year.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

160,590

Additions

3,000

At 31 October 2025

163,590

NET BOOK VALUE

At 31 October 2025

163,590

At 31 October 2024

160,590

Investment property comprises freehold land and commercial property which is not depreciated. The director considers the fair value at the balance sheet date to be the acquisition cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,240,347

933,206

Other debtors

12,328

26,464

1,252,675

959,670

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

75,655

63,914

Trade creditors

413,974

324,948

Taxation and social security

191,906

119,350

Other creditors

138,776

90,538

820,311

598,750

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

40,655

84,359