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REGISTERED NUMBER: 00437056















Report of the Director and

Financial Statements for the Year Ended 30 November 2023

for

J.H.& T.P.Duncan Limited

J.H.& T.P.Duncan Limited (Registered number: 00437056)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Director 2

Abridged Statement of Income and Retained Earnings 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


J.H.& T.P.Duncan Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: A D Snook





SECRETARY:





REGISTERED OFFICE: 310 Upminster Road North
Rainham
Essex
RM13 9RY





REGISTERED NUMBER: 00437056





ACCOUNTANTS: Accounting & Taxation Centre BTD
36 Queens Road
Newbury
Berkshire
RG14 7NE

J.H.& T.P.Duncan Limited (Registered number: 00437056)

Report of the Director
for the Year Ended 30 November 2023

The director presents his report with the financial statements of the company for the year ended 30 November 2023.

DIRECTOR
A D Snook held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A D Snook - Director


21 August 2024

J.H.& T.P.Duncan Limited (Registered number: 00437056)

Abridged Statement of Income and Retained Earnings
for the Year Ended 30 November 2023

30.11.23 30.11.22
Notes £    £   

GROSS PROFIT 349,969 297,771

Administrative expenses (222,184 ) (179,651 )
OPERATING PROFIT 4 127,785 118,120


Interest payable and similar expenses (766 ) (766 )
PROFIT BEFORE TAXATION 127,019 117,354

Tax on profit (24,914 ) (23,245 )
PROFIT FOR THE FINANCIAL YEAR 102,105 94,109

Retained earnings at beginning of year 44,391 30,404

Dividends (78,430 ) (80,122 )

RETAINED EARNINGS AT END OF
YEAR

68,066

44,391

J.H.& T.P.Duncan Limited (Registered number: 00437056)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 31,826 18,970

CURRENT ASSETS
Inventories 62,725 64,920
Debtors 42,766 28,159
Cash at bank 151,151 129,250
256,642 222,329
CREDITORS
Amounts falling due within one year 216,899 189,134
NET CURRENT ASSETS 39,743 33,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,569

52,165

CREDITORS
Amounts falling due after more than one
year

3,203

7,474
NET ASSETS 68,366 44,691

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 68,066 44,391
SHAREHOLDERS' FUNDS 68,366 44,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J.H.& T.P.Duncan Limited (Registered number: 00437056)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





A D Snook - Director


J.H.& T.P.Duncan Limited (Registered number: 00437056)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

J.H.& T.P.Duncan Limited is a private company, limited by shares , registered in Not specified/Other. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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 5 (2022 - 5 ) .

J.H.& T.P.Duncan Limited (Registered number: 00437056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.23 30.11.22
£    £   
Depreciation - owned assets 8,144 4,991

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 December 2022 57,442
Additions 21,000
At 30 November 2023 78,442
DEPRECIATION
At 1 December 2022 38,472
Charge for year 8,144
At 30 November 2023 46,616
NET BOOK VALUE
At 30 November 2023 31,826
At 30 November 2022 18,970