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Company Registration No. SC712907 (Scotland)
Donaldson James Ltd Unaudited Financial Statements for the year ended 31 October 2025
Donaldson James Ltd Unaudited Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Donaldson James Ltd Company Information for the year ended 31 October 2025
Director
Mr Gary James Donaldson
Company Number
SC712907 (Scotland)
Registered Office
Office 418 Young Street Unit Lge Edinburgh EH2 4JB Scotland
Accountants
Taxsure Spaces Digital Hub Townshend House 30 Crown Road Norwich NR1 3DT
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Donaldson James Ltd Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
15 
471 
Creditors: amounts falling due within one year
4
(11,159)
(10,487)
Net current liabilities
(11,144)
(10,016)
Net liabilities
(11,144)
(10,016)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,145)
(10,017)
Shareholders' funds
(11,144)
(10,016)
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2026 and were signed on its behalf by
Mr Gary James Donaldson Director Company Registration No. SC712907
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Donaldson James Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Donaldson James Ltd is a private company, limited by shares, registered in Scotland, registration number SC712907. The registered office is Office 418 Young Street, Unit Lge, Edinburgh, EH2 4JB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Presentation currency
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 £.
Going concern
The financial statements have been prepared on the going concern basis. The director has considered a period of twelve months from the date of signature of the accounts and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. It is therefore considered appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover
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 from 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.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.
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.
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.
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Donaldson James Ltd Notes to the Accounts for the year ended 31 October 2025
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
252 
- 
Trade creditors
- 
36 
Taxes and social security
492 
492 
Other creditors
2,024 
9,959 
Loans from directors
8,391 
- 
11,159 
10,487 
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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