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REGISTERED NUMBER: 11110782 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Duckspool Limited

Duckspool Limited (Registered number: 11110782)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Duckspool Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: W N James
R J James





REGISTERED OFFICE: Clarbeston Grange
Clarbeston Road
HAVERFORDWEST
Pembrokeshire
SA63 4QZ





REGISTERED NUMBER: 11110782 (England and Wales)

Duckspool Limited (Registered number: 11110782)

Abridged Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 368,360 390,028
Tangible assets 5 604,020 574,647
972,380 964,675

CURRENT ASSETS
Stocks 603,940 607,984
Debtors 84,678 154,954
Cash at bank 410,721 385,364
1,099,339 1,148,302
CREDITORS
Amounts falling due within one year 252,774 360,574
NET CURRENT ASSETS 846,565 787,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,818,945

1,752,403

PROVISIONS FOR LIABILITIES 137,113 109,183
NET ASSETS 1,681,832 1,643,220

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 1,238,602 1,238,602
Retained earnings 443,228 404,616
SHAREHOLDERS' FUNDS 1,681,832 1,643,220

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

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

Duckspool Limited (Registered number: 11110782)

Abridged Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered 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 Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17th June 2024 and were signed on its behalf by:




W N James - Director



R J James - Director


Duckspool Limited (Registered number: 11110782)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Duckspool 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 2020, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

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

Duckspool Limited (Registered number: 11110782)

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

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 433,365
AMORTISATION
At 1st January 2023 43,337
Amortisation for year 21,668
At 31st December 2023 65,005
NET BOOK VALUE

At 31st December 2023 368,360
At 31st December 2022 390,028

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 701,607
Additions 199,353
Disposals (74,259 )
At 31st December 2023 826,701
DEPRECIATION
At 1st January 2023 126,960
Charge for year 106,591
Eliminated on disposal (10,870 )
At 31st December 2023 222,681
NET BOOK VALUE
At 31st December 2023 604,020
At 31st December 2022 574,647

Duckspool Limited (Registered number: 11110782)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
W N James and R J James
Balance outstanding at start of year 62,930 (10,366 )
Amounts advanced 211,070 124,079
Amounts repaid (238,643 ) (50,783 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,357 62,930

Interest has been paid in respect of overdrawn balances at the HMRC official rate.