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REGISTERED NUMBER: 00487967 (England and Wales)















DUNCAN CAMERON & HUTCHINSON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNCAN CAMERON & HUTCHINSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: S J Last
M R Porter



REGISTERED OFFICE: Eastern House
Priors Way
Coggeshall
Essex
CO6 1TW



REGISTERED NUMBER: 00487967 (England and Wales)



SENIOR STATUTORY AUDITOR: Steven Williams



AUDITORS: Murray Smith LLP
Chartered Accountants
Statutory Auditors
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 731,655 755,268
Investments 5 101 101
731,756 755,369

CURRENT ASSETS
Debtors 6 1,534,887 1,399,870
Cash at bank 2,592,540 1,889,287
4,127,427 3,289,157
CREDITORS
Amounts falling due within one year 7 2,076,641 1,456,635
NET CURRENT ASSETS 2,050,786 1,832,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,782,542

2,587,891

CREDITORS
Amounts falling due after more than one year 8 (79,670 ) (96,709 )

PROVISIONS FOR LIABILITIES (94,041 ) (99,709 )
NET ASSETS 2,608,831 2,391,473

CAPITAL AND RESERVES
Called up share capital 10 12,500 12,500
Share premium 9,723 9,723
Revaluation reserve 11 240,045 240,045
Capital redemption reserve 40,000 40,000
Profit and loss account 2,306,563 2,089,205
SHAREHOLDERS' FUNDS 2,608,831 2,391,473

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 24 November 2023 and were signed on its behalf by:




S J Last - Director



M R Porter - Director


DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Duncan Cameron & Hutchinson 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Duncan Cameron & Hutchinson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the amount receivable for goods sold and services rendered, excluding Value Added Tax.

Long-term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by comparing turnover and related costs with contract activity. Where it is considered that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

Long-term contract balances
Long-term contract balances are valued at direct costs incurred to date plus attributable production overheads, net of amounts transferred to cost of sales and after deducting foreseeable losses and payments on account not matched with turnover.

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 - 2% on cost
Plant, equipment and tools - 12.5% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

Freehold property is included at fair value at the date of the most recent valuation, less any subsequent accumulated depreciation. Gains are recognised in other comprehensive income and accumulated in the revaluation reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Freehold land is not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost. After initial recognition, investments in subsidiary undertakings are measured at cost less any accumulated impairment losses.

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs
The company makes contributions to employees' personal pension schemes. Contributions payable for the year are charged in the profit and loss account.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant,
Freehold equipment Motor Office
property and tools vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2022 580,000 212,633 410,775 43,845 1,247,253
Additions - - 46,204 5,255 51,459
Disposals - (31,750 ) (97,795 ) (4,930 ) (134,475 )
At 28 February 2023 580,000 180,883 359,184 44,170 1,164,237
DEPRECIATION
At 1 March 2022 6,343 157,639 284,158 43,845 491,985
Charge for year 8,724 9,704 45,305 152 63,885
Eliminated on disposal - (31,750 ) (86,608 ) (4,930 ) (123,288 )
At 28 February 2023 15,067 135,593 242,855 39,067 432,582
NET BOOK VALUE
At 28 February 2023 564,933 45,290 116,329 5,103 731,655
At 28 February 2022 573,657 54,994 126,617 - 755,268

Included in cost or valuation of land and buildings is freehold land of £ 144,000 (2022 - £ 144,000 ) which is not depreciated.

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 February 2023 is represented by:

Plant,
Freehold equipment Motor Office
property and tools vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 114,725 - - - 114,725
Cost 465,275 180,883 359,184 44,170 1,049,512
580,000 180,883 359,184 44,170 1,164,237

Freehold property was valued on an open market basis on 15 June 2021 by Joscelyne Chase Property Consultants .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 101
NET BOOK VALUE
At 28 February 2023 101
At 28 February 2022 101

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Gross amounts due from customers for
contract work

162,521

26,671
Trade debtors 985,224 989,482
Amounts owed by group undertakings 6,316 6,316
Other debtors 59,880 57,196
Directors' current accounts 16,400 -
Prepayments 61,077 60,292
1,291,418 1,139,957

Amounts falling due after more than one year:
Trade debtors 243,469 259,913

Aggregate amounts 1,534,887 1,399,870

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 52,095 40,309
Trade creditors 879,271 701,990
Corporation tax 53,956 97,282
Social security and other taxes 49,524 39,752
Other creditors - 3,540
Gross amounts due to customers for contract
work

569,083

232,249
Accruals 472,712 341,513
2,076,641 1,456,635

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 79,670 96,709

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 131,765 137,018

The bank holds a first legal charge over the property owned by the company, together with a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,500 Ordinary £1 12,500 12,500

11. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 240,045

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

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

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)
for and on behalf of Murray Smith LLP

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
M J Brock
Balance outstanding at start of year - -
Amounts advanced 8,150 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,150 -

S D Healy
Balance outstanding at start of year - -
Amounts advanced 8,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,250 -

14. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of DC&H Holdings Limited. The registered office and principal place of business of the parent company is Eastern House, Priors Way, Coggeshall, Colchester, Essex, CO6 1TW.

The ultimate parent company from 31 March 2023 is PL Holdings Eastern Ltd. The registered office and principal place of business of the ultimate parent company is Eastern House, Priors Way, Coggeshall, Essex, CO6 1TW.

15. POST BALANCE SHEET EVENTS

On 31 March 2023 100% of the issued share capital in the ultimate parent company, BHK Holdings Limited, was acquired by PL Holdings Eastern Ltd.

After the balance sheet date dividends of £2,148,000 were declared and paid to the parent company, DC&H Holdings Limited.