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REGISTERED NUMBER: 02460682 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ductwork Design And Installation Limited

Ductwork Design And Installation Limited (Registered number: 02460682)






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


Ductwork Design And Installation Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G M Smith
S P Horner
L A Hussey
S D Smith



REGISTERED OFFICE: Unit D5 Europa Trading Estate
Stoneclough Road
Radcliffe
Manchester
M26 1GG



REGISTERED NUMBER: 02460682 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank Plc

Ductwork Design And Installation Limited (Registered number: 02460682)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,500 69,868

CURRENT ASSETS
Stocks 91,215 131,447
Debtors 5 488,358 495,378
Cash at bank and in hand 116,126 144,173
695,699 770,998
CREDITORS
Amounts falling due within one year 6 (312,906 ) (334,600 )
NET CURRENT ASSETS 382,793 436,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,293

506,266

CREDITORS
Amounts falling due after more than one
year

7

(19,203

)

(38,799

)
NET ASSETS 410,090 467,467

CAPITAL AND RESERVES
Called up share capital 9 8,002 8,002
Retained earnings 402,088 459,465
SHAREHOLDERS' FUNDS 410,090 467,467

Ductwork Design And Installation Limited (Registered number: 02460682)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





S P Horner - Director


Ductwork Design And Installation Limited (Registered number: 02460682)

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

1. STATUTORY INFORMATION

Ductwork Design And Installation 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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 20% on cost

Stock and work in progress
Stock and work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Ductwork Design And Installation Limited (Registered number: 02460682)

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

2. ACCOUNTING POLICIES - continued

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 31 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 175,132 28,943 212,797 416,872
Additions - 750 - 750
Disposals (3,882 ) (1,199 ) (43,476 ) (48,557 )
At 31 January 2024 171,250 28,494 169,321 369,065
DEPRECIATION
At 1 February 2023 173,461 22,438 151,105 347,004
Charge for year 749 1,936 21,133 23,818
Eliminated on disposal (3,882 ) (899 ) (43,476 ) (48,257 )
At 31 January 2024 170,328 23,475 128,762 322,565
NET BOOK VALUE
At 31 January 2024 922 5,019 40,559 46,500
At 31 January 2023 1,671 6,505 61,692 69,868

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 55,289
DEPRECIATION
At 1 February 2023 5,625
Charge for year 11,058
At 31 January 2024 16,683
NET BOOK VALUE
At 31 January 2024 38,606
At 31 January 2023 49,664

Ductwork Design And Installation Limited (Registered number: 02460682)

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

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 462,502 454,831
Other debtors - 77
Due from connected company 2,529 2,195
VAT - 16,944
Prepayments and accrued income 19,712 19,925
484,743 493,972

Amounts falling due after more than one year:
Deferred tax asset 3,615 1,406

Aggregate amounts 488,358 495,378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,348 12,484
Trade creditors 209,438 192,829
Corporation tax 33,426 52,928
Social security and other taxes 13,411 13,542
VAT 995 -
Other creditors 5,930 561
Accruals and deferred income 29,358 52,256
312,906 334,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,919 24,167
Hire purchase contracts 4,284 14,632
19,203 38,799

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,632 27,116

The bank overdraft facility is secured by way of a debenture, dated 27/08/09, over the company's assets.
The hire purchase liabilities are secured on the associated assets.

Ductwork Design And Installation Limited (Registered number: 02460682)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000 Ordinary £1 8,000 8,000
2 Ordinary B £1 2 2
8,002 8,002