AVONDALE DP LIMITED


Director	MCLAUGHLIN, Liam Allan, Dr


Registered Address	14 Ledcameroch Crescent
	Bearsden
	Glasgow
	G61 4AD


Registered Number	SC792087 (Scotland)

Notes to the Financial Statements
for the year ended 30 April 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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be fifteen years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	8		7

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 25	1,249,028	1,249,028
At 30 April 26	1,249,028	1,249,028
Amortisation and impairment
At 01 May 25	83,269	83,269
Charge for year	83,268	83,268
At 30 April 26	166,537	166,537
Net book value
At 30 April 26	1,082,491	1,082,491
At 30 April 25	1,165,759	1,165,759

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 May 25	-	98,104	-	7,610	105,714
Additions	349,661	59,089	4,878	3,238	416,866
At 30 April 26	349,661	157,193	4,878	10,848	522,580
Depreciation and impairment
At 01 May 25	-	19,001	-	1,947	20,948
Charge for year	-	23,556	-	3,355	26,911
At 30 April 26	-	42,557	-	5,302	47,859
Net book value
At 30 April 26	349,661	114,636	4,878	5,546	474,721
At 30 April 25	-	79,103	-	5,663	84,766

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	17,500	14,107
Total	17,500	14,107

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	27,493	25,193
Other debtors	9,007	16,111
Total	36,500	41,304

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	30,060	28,574
Bank borrowings and overdrafts	47,783	34,361
Taxation and social security	33,269	6,394
Finance lease and HP contracts	8,712	3,682
Other creditors	299,025	38,139
Total	418,849	111,150

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	852,228	908,624
Other creditors	14,099	4,218
Total	866,327	912,842

9.	Secured creditors
	The bank borrowings were secured by a bond and floating charge and assignment of keyman insurance for a period of at least 15 years.

10.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	22,811		7,900


	Hire purchase obligations are secured over the assets to which the contract relate.

11.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	23,761	16,106
Total	23,761	16,106

12.	Operating lease commitments
	As at 30 April 2026, the company had future minimum lease payments under non-cancellable operating leases of £183,277.42 (2025 - £197,944).

13.	Directors advances, credits and guarantees
	On 1 May 2025 a director owed the Company £2,214. During the period this director was advanced a further £149,040 and repaid £400,207. As at 30 April 2026 the company owed the director £248,953.

14.	Guarantees provided on behalf of directors
	The director has personally guaranteed the bank loan limited to £97,200.

15.	Exceptional items
	During the year £nil (2025 - £395,480) of expenditure of exceptional size or incidence was recorded and related to an amount due to a connected company written off. This was included in administrative expenses.

16.	Change in reporting period and impact on comparability
	The prior period financial statements cover the period from 11 December 2023 to 30 April 2025. The company was incorporated 11 December 2023; however, trading activities did not commence until 9 May 2024. Although the prior period represents an extended accounting period, this does not affect the comparability between the current and prior period financial statements.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		1,082,491		1,165,759
Tangible assets	4		474,721		84,766
			1,557,212		1,250,525
Current assets
Stocks	5	17,500		14,107
Debtors	6	36,500		41,304
Cash at bank and on hand		32,259		20,072
		86,259		75,483
Creditors amounts falling due within one year	7	(418,849)		(111,150)
Net current assets (liabilities)			(332,590)		(35,667)
Total assets less current liabilities			1,224,622		1,214,858
Creditors amounts falling due after one year	8		(866,327)		(912,842)
Provisions for liabilities	11		(23,761)		(16,106)
Net assets			334,534		285,910
Capital and reserves
Called up share capital			102		102
Profit and loss account			334,432		285,808
Shareholders' funds			334,534		285,910