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REGISTERED NUMBER: 02816419 (England and Wales)







Financial Statements for the Year Ended 30 June 2023

for

C.W.Duke & Sons Limited

C.W.Duke & Sons Limited (Registered number: 02816419)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.W.Duke & Sons Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S R Cameron
J D Porter





REGISTERED OFFICE: 53 Newfoundland Circus
Bristol
BS2 9AP





REGISTERED NUMBER: 02816419 (England and Wales)





AUDITORS: Dunkley's Statutory Auditors Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

C.W.Duke & Sons Limited (Registered number: 02816419)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,287 358,706
Investment property 5 274,311 -
385,598 358,706

CURRENT ASSETS
Debtors 6 1,608,314 1,326,845
Cash at bank and in hand 2,175,110 1,809,710
3,783,424 3,136,555
CREDITORS
Amounts falling due within one year 7 2,848,505 2,132,983
NET CURRENT ASSETS 934,919 1,003,572
TOTAL ASSETS LESS CURRENT LIABILITIES 1,320,517 1,362,278

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 1,315,517 1,357,278
SHAREHOLDERS' FUNDS 1,320,517 1,362,278

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




J D Porter - Director



S R Cameron - Director


C.W.Duke & Sons Limited (Registered number: 02816419)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

C.W.Duke & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of Services

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The revenue can be measured reliably.
- It is probable that the Company will receive the consideration due under the contract.
- The stage of completion of completion of the contract at the end of the reporting period can be measured reliably.
- The costs incurred and the costs to complete the contract can be measured reliably.

Construction contracts

When the outcome of a construction contract can be estimated reliably, revenue and costs associated with the contract are recognised by reference to the stage of completion of the contract. The company determines the stage of completion of a transaction or contract by reference to surveys of work performed.

Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


C.W.Duke & Sons Limited (Registered number: 02816419)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 July 2022 275,228 185,982 461,210
Additions - 62,003 62,003
Disposals - (32,240 ) (32,240 )
Reclassification/transfer (275,228 ) - (275,228 )
At 30 June 2023 - 215,745 215,745
DEPRECIATION
At 1 July 2022 917 101,587 102,504
Charge for year - 35,111 35,111
Eliminated on disposal - (32,240 ) (32,240 )
Reclassification/transfer (917 ) - (917 )
At 30 June 2023 - 104,458 104,458
NET BOOK VALUE
At 30 June 2023 - 111,287 111,287
At 30 June 2022 274,311 84,395 358,706

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 274,311
At 30 June 2023 274,311
NET BOOK VALUE
At 30 June 2023 274,311

C.W.Duke & Sons Limited (Registered number: 02816419)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 738,531 364,578
Amounts owed by group undertakings 3,985 3,985
Directors' current accounts 3,784 8,566
Prepayments and accrued income 29,335 28,045
775,635 405,174

Amounts falling due after more than one year:
Amounts recoverable on contract 832,679 921,671

Aggregate amounts 1,608,314 1,326,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,325,457 473,077
Tax 2,999 -
Social security and other taxes 39,752 42,341
VAT 286,983 242,853
Other creditors 725,054 853,481
Accrued expenses 468,260 521,231
2,848,505 2,132,983

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 40,000 40,000
Between one and five years 35,507 75,507
75,507 115,507

9. SECURED DEBTS

The loans are secured by a charge over the freehold property and a fixed and floating charge over the assets and trade for the Group together with a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
5,000 Ordinary £1 5,000 5,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)
for and on behalf of Dunkley's Statutory Auditors Chartered Accountants

C.W.Duke & Sons Limited (Registered number: 02816419)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J D Porter
Balance outstanding at start of year 8,567 6,569
Amounts advanced 8,340 27,998
Amounts repaid (13,383 ) (26,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,524 8,567

S R Cameron
Balance outstanding at start of year - -
Amounts advanced 312 -
Amounts repaid (52 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 260 -

The directors have repaid their loans within 9 months of the year end.

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is C W Duke & Sons Holding Limited a company registered in England and Wales. The ultimate controlling party is J Porter by virtue of his majority shareholding in C W Duke & Sons Holding Limited.