R. DAVIDSON & SONS LIMITED


Director	DAVIDSON, Robert George


Registered Address	51 Rae Street
	Dumfries
	DG1 1JD


Registered Number	SC314904 (Scotland)

Notes to the Financial Statements
for the year ended 31 March 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 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 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 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.

	Employee benefits
	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 accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

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 accruals 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.

	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	10	25
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	25	-

	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 Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

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

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	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 the sale. 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.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	7		8

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	45,510	516,985	738,491	795	1,301,781
Additions	-	250,000	125,650	-	375,650
Disposals	-	(26,500)	(108,801)	-	(135,301)
At 31 March 26	45,510	740,485	755,340	795	1,542,130
Depreciation and impairment
At 01 April 25	19,949	278,910	413,026	600	712,485
Charge for year	2,494	91,360	105,943	49	199,846
On disposals	-	(3,865)	(95,768)	-	(99,633)
At 31 March 26	22,443	366,405	423,201	649	812,698
Net book value
At 31 March 26	23,067	374,080	332,139	146	729,432
At 31 March 25	25,561	238,075	325,465	195	589,296


	The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows: Motor Vehicles - £248,395 (2025 - £238,739) Plant & Machinery - £250,146 (2025 - £147,674)

4.	Stocks

	2026	2025
	£	£
Finished goods	7,500	8,533
Total	7,500	8,533

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	194,900	133,663
Prepayments and accrued income	12,242	17,663
Total	207,142	151,326

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	27,198	27,441
Bank borrowings and overdrafts	5,834	10,000
Taxation and social security	32,511	24,879
Finance lease and HP contracts	153,225	104,331
Other creditors	55,443	88,958
Accrued liabilities and deferred income	6,555	9,506
Total	280,766	265,115


	Finance lease and HP contracts are secured on the assets to which they relate.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	5,834
Other creditors	276,425	162,220
Total	276,425	168,054


	Finance lease and HP contracts equal to £276,425 (2025 - £162,220) are included within other creditors and are secured against the assets to which they relate.

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	429,650		266,551

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	158,000	134,200
Total	158,000	134,200

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		729,432		589,296
			729,432		589,296
Current assets
Stocks	4	7,500		8,533
Debtors	5	207,142		151,326
Cash at bank and on hand		27,485		30,062
		242,127		189,921
Creditors amounts falling due within one year	6	(280,766)		(265,115)
Net current assets (liabilities)			(38,639)		(75,194)
Total assets less current liabilities			690,793		514,102
Creditors amounts falling due after one year	7		(276,425)		(168,054)
Provisions for liabilities	9		(158,000)		(134,200)
Net assets			256,368		211,848
Capital and reserves
Called up share capital			10		10
Profit and loss account			256,358		211,838
Shareholders' funds			256,368		211,848