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REGISTERED NUMBER: SC495778 (Scotland)




















Duck Egg Blue Management Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Duck Egg Blue Management Limited (Registered number: SC495778)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Duck Egg Blue Management Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R T Ferguson
I J Middleton



REGISTERED OFFICE: Summerhall Studio 121
Summerhall
Edinburgh
EH9 1PL



REGISTERED NUMBER: SC495778 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
PO Box 17235
Edinburgh
EH11 1YH

Duck Egg Blue Management Limited (Registered number: SC495778)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,095 1,293
Tangible assets 5 200,742 195,363
Investments 6 2 2
201,839 196,658

CURRENT ASSETS
Stocks 28,589 39,822
Debtors 7 48,195 47,237
Cash at bank and in hand 35,352 88,776
112,136 175,835
CREDITORS
Amounts falling due within one year 8 61,624 120,478
NET CURRENT ASSETS 50,512 55,357
TOTAL ASSETS LESS CURRENT LIABILITIES 252,351 252,015

PROVISIONS FOR LIABILITIES 49,842 38,791
NET ASSETS 202,509 213,224

Duck Egg Blue Management Limited (Registered number: SC495778)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 202,309 213,024
202,509 213,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 4 April 2024 and were signed on its behalf by:





I J Middleton - Director


Duck Egg Blue Management Limited (Registered number: SC495778)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Duck Egg Blue Management Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents net invoiced sale, excluding value added tax. Revenue is recognised when the company becomes entitled to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on cost and 10% on cost

Government grants
Government grants in relation to tangible fixed asset are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are repayable on demand.

Duck Egg Blue Management Limited (Registered number: SC495778)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Duck Egg Blue Management Limited (Registered number: SC495778)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 1,563
Additions 250
At 31 January 2024 1,813
AMORTISATION
At 1 February 2023 270
Charge for year 448
At 31 January 2024 718
NET BOOK VALUE
At 31 January 2024 1,095
At 31 January 2023 1,293

Duck Egg Blue Management Limited (Registered number: SC495778)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 - 304,525 304,525
Additions 935 52,726 53,661
Disposals - (11,178 ) (11,178 )
At 31 January 2024 935 346,073 347,008
DEPRECIATION
At 1 February 2023 - 109,162 109,162
Charge for year 70 44,970 45,040
Eliminated on disposal - (7,936 ) (7,936 )
At 31 January 2024 70 146,196 146,266
NET BOOK VALUE
At 31 January 2024 865 199,877 200,742
At 31 January 2023 - 195,363 195,363

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

Duck Egg Blue Management Limited (Registered number: SC495778)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,036 39,197
Amounts owed by group undertakings 1 502
Other debtors 11,158 7,538
48,195 47,237

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,691 1,264
Amounts owed to group undertakings 12,048 -
Taxation and social security 37,752 50,989
Other creditors 4,133 68,225
61,624 120,478

Included within other creditors are loans from the directors. The loans are unsecured, interest free and repayable on demand.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,667 17,600
Between one and five years - 3,667
3,667 21,267

Duck Egg Blue Management Limited

Report of the Accountants to the Directors of
Duck Egg Blue Management Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT


4 April 2024