10 01/07/2022 30/06/2023 2023-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC701416 2022-07-01 2023-06-30 SC701416 2023-06-30 SC701416 2022-06-30 SC701416 2021-07-01 2022-06-30 SC701416 2022-06-30 SC701416 2021-06-30 SC701416 bus:RegisteredOffice 2022-07-01 2023-06-30 SC701416 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 SC701416 bus:Director1 2022-07-01 2023-06-30 SC701416 bus:Director2 2022-07-01 2023-06-30 SC701416 bus:CompanySecretary1 2022-07-01 2023-06-30 SC701416 core:ShareCapital 2021-07-01 2022-06-30 SC701416 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 SC701416 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 SC701416 core:WithinOneYear 2023-06-30 SC701416 core:WithinOneYear 2022-06-30 SC701416 core:AfterOneYear 2023-06-30 SC701416 core:AfterOneYear 2022-06-30 SC701416 core:ShareCapital 2023-06-30 SC701416 core:ShareCapital 2022-06-30 SC701416 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC701416 core:RetainedEarningsAccumulatedLosses 2022-06-30 SC701416 core:PreviouslyStatedAmount core:ShareCapital 2023-06-30 SC701416 bus:Director1 2022-06-30 SC701416 bus:Director1 2023-06-30 SC701416 bus:Director1 2022-06-30 SC701416 bus:Director1 2021-07-01 2022-06-30 SC701416 bus:SmallEntities 2022-07-01 2023-06-30 SC701416 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC701416 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC701416 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC701416 bus:AbridgedAccounts 2022-07-01 2023-06-30
Company registration number: SC701416
Duncan Food Services Ltd
Trading as Crown Hotel
Unaudited filleted abridged financial statements
30 June 2023
Duncan Food Services Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Duncan Food Services Ltd
Directors and other information
Directors Mr Allan Ewart Duncan
Mrs Margaret Carruthers Duncan
Secretary Allan Duncan
Company number SC701416
Registered office 10 King Street
Inverbervie
Montrose
DD10 0RG
Business address 10 King Street
Inverbervie
Montrose
DD10 0RG
Accountant MOR Accounting Services
11 Glenfield Avenue
Cowdenbeath
Fife
KY4 9EN
Duncan Food Services Ltd
Abridged statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 305,864 311,105
_______ _______
305,864 311,105
Current assets
Stocks 6,900 4,700
Debtors 35,537 ( 454)
Cash at bank and in hand 20,901 19,471
_______ _______
63,338 23,717
Creditors: amounts falling due
within one year ( 144,898) ( 99,726)
_______ _______
Net current liabilities ( 81,560) ( 76,009)
_______ _______
Total assets less current liabilities 224,304 235,096
Creditors: amounts falling due
after more than one year ( 199,538) ( 216,500)
_______ _______
Net assets 24,766 18,596
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,666 18,496
_______ _______
Shareholders funds 24,766 18,596
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 30 March 2024 , and are signed on behalf of the board by:
Mr Allan Ewart Duncan
Director
Company registration number: SC701416
Duncan Food Services Ltd
Statement of changes in equity
Year ended 30 June 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 - - -
Profit for the year 18,496 18,496
_______ _______ _______
Total comprehensive income for the year - 18,496 18,496
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 30 June 2022 and 1 July 2022 100 18,496 18,596
Profit for the year 10,170 10,170
_______ _______ _______
Total comprehensive income for the year - 10,170 10,170
Dividends paid and payable ( 4,000) ( 4,000)
_______ _______ _______
Total investments by and distributions to owners - ( 4,000) ( 4,000)
_______ _______ _______
At 30 June 2023 100 24,666 24,766
_______ _______ _______
Duncan Food Services Ltd
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Crown Hotel, 10 King Street, Inverbervie, Montrose, DD10 0RG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Cost includes all costs of purchase.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries 55,492 31,022
Social security costs 220 -
Other pension costs 184 -
_______ _______
55,896 31,022
_______ _______
5. Tangible assets
£
Cost
At 1 July 2022 311,105
Additions 7,524
_______
At 30 June 2023 318,629
_______
Depreciation
At 1 July 2022 -
Charge for the year 12,765
_______
At 30 June 2023 12,765
_______
Carrying amount
At 30 June 2023 305,864
_______
At 30 June 2022 311,105
_______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Allan Ewart Duncan ( 88,072) 4,555 ( 83,517)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Allan Ewart Duncan - ( 88,072) ( 88,072)
_______ _______ _______