Company registration number SC551326 (Scotland)
DDK Positioning Limited
Unaudited financial statements
for the year ended 30 November 2025
Pages for filing with registrar
DDK Positioning Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of DDK Positioning Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DDK Positioning Limited for the year ended 30 November 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the b oard of d irectors of DDK Positioning Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2019. Our work has been undertaken solely to prepare for your approval the financial statements of DDK Positioning Limited and state those matters that we have agreed to state to the b oard of d irectors of DDK Positioning Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DDK Positioning Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that DDK Positioning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DDK Positioning Limited. You consider that DDK Positioning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DDK Positioning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
10 July 2026
DDK Positioning Limited
Statement of financial position
as at 30 November 2025
2
2025
2024
Notes
$
$
$
$
Fixed assets
Tangible assets
3
10,840
12,173
Current assets
Stocks
61,878
169,437
Debtors
567,776
1,104,167
Cash at bank and in hand
447,738
552,329
1,077,392
1,825,933
Creditors: amounts falling due within one year
(1,707,389)
(2,183,378)
Net current liabilities
(629,997)
(357,445)
Net liabilities
(619,157)
(345,272)
Capital and reserves
Called up share capital
1,657
1,657
Share premium account
1,404,400
1,404,400
Profit and loss reserves
(2,025,214)
(1,751,329)
Total equity
(619,157)
(345,272)
DDK Positioning Limited
Statement of financial position (continued)
as at 30 November 2025
3

For the financial year ended 30 November 2025 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
Kevin Gaffney
Director
Company registration number SC551326 (Scotland)
DDK Positioning Limited
Notes to the financial statements
for the year ended 30 November 2025
4
1
Accounting policies
Company information

DDK Positioning Limited is a private company limited by shares incorporated in Scotland. The registered office is Balmoral Business Park, Wellington Circle, Aberdeen, AB12 3JG.

1.1
Basis of preparation

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.

The financial statements are prepared in US Dollars which is the functional currency of the company.

At 1st November 2024 the company changed its functional currency from Sterling to US Dollars to reflect the currency in which the majority of underlying transactions are now undertaken and in which the main competitive forces which influence sales pricing and cost of goods.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Whilst there was a net deficiency of assets of £true 662,416 at the balance sheet date, the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

1.3
Revenue

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred.

1.5
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:

Fixtures and fittings
4 years straight line
Computers
4 years 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.

DDK Positioning Limited
Notes to the financial statements (continued)
for the year ended 30 November 2025
1
Accounting policies (continued)
5
1.6
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.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

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.

DDK Positioning Limited
Notes to the financial statements (continued)
for the year ended 30 November 2025
1
Accounting policies (continued)
6
1.10
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
13
12
3
Tangible fixed assets
Total
$
Cost
At 1 December 2024
37,666
Additions
5,386
At 30 November 2025
43,052
Depreciation and impairment
At 1 December 2024
25,493
Depreciation charged in the year
6,719
At 30 November 2025
32,212
Carrying amount
At 30 November 2025
10,840
At 30 November 2024
12,173
DDK Positioning Limited
Notes to the financial statements (continued)
for the year ended 30 November 2025
7
4
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
$
$
Total commitments
18,154
13,223
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