DARCEY QUIGLEY & CO LTD


Directors	DARCEY QUIGLEY, Lynne
	QUIGLEY, Mark Anthony


Company Secretary	QUIGLEY, Mark Anthony


Registered Address	International House Stanley Boulevard
	Hamilton Technology Park
	Glasgow
	G72 0BN


Registered Number	SC315880 (Scotland)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets			54,058		57,045
			54,058		57,045
Current assets
Stocks	3	171,514		15,922
Debtors	4,5	3,201,849		2,497,397
Cash at bank and on hand		81,003		69,919
		3,454,366		2,583,238
Creditors amounts falling due within one year	6	(801,847)		(1,756,503)
Net current assets (liabilities)			2,652,519		826,735
Total assets less current liabilities			2,706,577		883,780
Creditors amounts falling due after one year	7		(1,578,370)		-
Provisions for liabilities	8		(14,189)		(14,189)
Net assets			1,114,018		869,591
Capital and reserves
Profit and loss account			1,114,018		869,591
Shareholders' funds			1,114,018		869,591

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 August 2026, and are signed on its behalf by:

DARCEY QUIGLEY, Lynne
Director
Registered Company No. SC315880

DARCEY QUIGLEY & CO LTD

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

	Turnover policy
	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. The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows: Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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 recoverable.

Turnover policy

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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 recoverable.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	28		34

3.	Stocks

	2026	2025
	£	£
Work in progress	171,514	15,922
Total	171,514	15,922

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	274,519	123,621
Prepayments and accrued income	453,844	5,384
Total	728,363	129,005

5.	Debtors: amounts due after one year

	2026	2025
	£	£
Amounts owed by associates and joint ventures / participating interests	2,473,486	2,368,392
Total	2,473,486	2,368,392

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	481,189	458,440
Bank borrowings and overdrafts	-	707,263
Taxation and social security	248,233	502,181
Accrued liabilities and deferred income	72,425	88,619
Total	801,847	1,756,503

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	1,578,370	-
Total	1,578,370	-

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	14,189	14,189
Total	14,189	14,189