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REGISTERED NUMBER: 04146234 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Duncan Stewart Textiles Limited

Duncan Stewart Textiles Limited (Registered number: 04146234)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Duncan Stewart Textiles Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F I Stewart
A J Stewart





SECRETARY: A J Stewart





REGISTERED OFFICE: 41b Beach Road
Littlehampton
West Sussex
BN17 5JA





REGISTERED NUMBER: 04146234 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Duncan Stewart Textiles Limited (Registered number: 04146234)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 122,064 85,493
122,064 85,493

CURRENT ASSETS
Stocks 341,763 453,100
Debtors 6 88,466 123,933
Cash at bank and in hand 245,337 217,116
675,566 794,149
CREDITORS
Amounts falling due within one year 7 (161,623 ) (161,713 )
NET CURRENT ASSETS 513,943 632,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,007

717,929

CREDITORS
Amounts falling due after more than one
year

8

(20,000

)

(30,000

)
NET ASSETS 616,007 687,929

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 606,007 677,929
SHAREHOLDERS' FUNDS 616,007 687,929

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Duncan Stewart Textiles Limited (Registered number: 04146234)

Balance Sheet - continued
31 March 2024


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 August 2024 and were signed on its behalf by:




F I Stewart - Director



A J Stewart - Director


Duncan Stewart Textiles Limited (Registered number: 04146234)

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

1. STATUTORY INFORMATION

Duncan Stewart Textiles 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

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.

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 cost, 25% on reducing balance and 20% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

Duncan Stewart Textiles Limited (Registered number: 04146234)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 24,932 293,816 99,190
Additions - 82,500 19,459
Disposals - (61,495 ) -
At 31 March 2024 24,932 314,821 118,649
DEPRECIATION
At 1 April 2023 21,545 242,066 90,851
Charge for year 1,258 44,947 6,140
Eliminated on disposal - (61,495 ) -
At 31 March 2024 22,803 225,518 96,991
NET BOOK VALUE
At 31 March 2024 2,129 89,303 21,658
At 31 March 2023 3,387 51,750 8,339

Duncan Stewart Textiles Limited (Registered number: 04146234)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 4,909 95,258 518,105
Additions - - 101,959
Disposals - - (61,495 )
At 31 March 2024 4,909 95,258 558,569
DEPRECIATION
At 1 April 2023 4,875 73,275 432,612
Charge for year 9 13,034 65,388
Eliminated on disposal - - (61,495 )
At 31 March 2024 4,884 86,309 436,505
NET BOOK VALUE
At 31 March 2024 25 8,949 122,064
At 31 March 2023 34 21,983 85,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 54,294 73,362
Other debtors 34,172 50,571
88,466 123,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 99,299 89,480
Taxation and social security 34,848 46,844
Other creditors 17,476 15,389
161,623 161,713

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,000 30,000

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total guarantees and commitments of the following:

Rental commitments:
Unit 1, Easting Close, annual rent £68,940 (lease to 2027).

Duncan Stewart Textiles Limited (Registered number: 04146234)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A J Stewart
Balance outstanding at start of year 781 4,418
Amounts repaid (781 ) (3,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 781

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.