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REGISTERED NUMBER: 01224157 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Custom Duct Limited

Custom Duct Limited (Registered number: 01224157)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Custom Duct Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G Hind
A G P Hind
C S Hind





SECRETARY: G Hind





REGISTERED OFFICE: Common Lane
Watnall
Nottingham
NG16 1HD





REGISTERED NUMBER: 01224157 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Custom Duct Limited (Registered number: 01224157)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,292 101,354

CURRENT ASSETS
Stocks 36,200 43,570
Debtors 5 428,476 380,605
Cash at bank and in hand 28,255 113,066
492,931 537,241
CREDITORS
Amounts falling due within one year 6 399,409 104,911
NET CURRENT ASSETS 93,522 432,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,814

533,684

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 168,814 523,684
SHAREHOLDERS' FUNDS 178,814 533,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





C S Hind - Director


Custom Duct Limited (Registered number: 01224157)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Custom Duct 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 net invoiced sales of goods and services, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.

Turnover of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received. Turnover of services is recognised in the period to which the services relate.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stock and work in progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated on a first in, first out basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for its directors and employees. Amounts are charged to profit and loss when they are paid.

Grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute. Capital grants are recognised systematically in the profit and loss account over the useful economic life of the asset to which the grant relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 28 ) .

Custom Duct Limited (Registered number: 01224157)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 236,949 1,788 193,234 21,111 453,082
Additions 9,917 - - - 9,917
At 31 July 2023 246,866 1,788 193,234 21,111 462,999
DEPRECIATION
At 1 August 2022 220,295 788 113,317 17,328 351,728
Charge for year 5,314 150 19,979 536 25,979
At 31 July 2023 225,609 938 133,296 17,864 377,707
NET BOOK VALUE
At 31 July 2023 21,257 850 59,938 3,247 85,292
At 31 July 2022 16,654 1,000 79,917 3,783 101,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,791 320,192
Other debtors 25,291 23,584
Directors' current accounts - 20,496
Taxation 10,039 10,039
Prepayments and accrued income 3,355 6,294
428,476 380,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 88,856 63,828
Amounts owed to group undertakings 245,263 -
Social security and other taxes 44,310 23,926
Other creditors 12,653 6,634
Directors' current accounts 1,138 1,879
Accrued expenses 7,189 8,644
399,409 104,911