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REGISTERED NUMBER: 05786129 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024

FOR

DUNCAN PLUMBING, HEATING & ELECTRICS LTD

DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

BALANCE SHEET
29 APRIL 2024

29.4.24 29.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,770 103,064
80,770 103,064

CURRENT ASSETS
Stocks 209,361 124,847
Debtors 6 724,679 1,101,274
Cash at bank and in hand 59,630 55,327
993,670 1,281,448
CREDITORS
Amounts falling due within one year 7 700,298 994,064
NET CURRENT ASSETS 293,372 287,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,142

390,448

CREDITORS
Amounts falling due after more than one
year

8

(38,832

)

(84,246

)

PROVISIONS FOR LIABILITIES (16,393 ) (21,283 )
NET ASSETS 318,917 284,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 318,817 284,819
318,917 284,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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 PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

BALANCE SHEET - continued
29 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mark Duncan - Director


DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

Duncan Plumbing, Heating & Electrics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05786129

Registered office: Unt 2, Rudgate Business Park
Tockwith
York
North Yorkshire
YO26 7RD

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue from contracted services provided is recognised in profit and loss in the period in which the services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was amortised evenly over its estimated useful life of ten 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.
Long leasehold - 2% on cost (excluding freehold land)
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks 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 stocks to their present location and condition.

Financial instruments
Bank loans are measured at amortised cost using the effective interest rate.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Assets obtained under hire purchase contracts are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost using the effective rate of interest.

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2023
and 29 April 2024 253,000
AMORTISATION
At 30 April 2023
and 29 April 2024 253,000
NET BOOK VALUE
At 29 April 2024 -
At 29 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 30 April 2023 8,040 40,997 20,105
Additions - - 1,474
Disposals - - -
At 29 April 2024 8,040 40,997 21,579
DEPRECIATION
At 30 April 2023 7,608 36,166 18,169
Charge for year 263 1,379 344
At 29 April 2024 7,871 37,545 18,513
NET BOOK VALUE
At 29 April 2024 169 3,452 3,066
At 29 April 2023 432 4,831 1,936

DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 30 April 2023 273,478 77,737 420,357
Additions 3,500 3,182 8,156
Disposals (3,500 ) - (3,500 )
At 29 April 2024 273,478 80,919 425,013
DEPRECIATION
At 30 April 2023 178,943 76,407 317,293
Charge for year 23,634 1,330 26,950
At 29 April 2024 202,577 77,737 344,243
NET BOOK VALUE
At 29 April 2024 70,901 3,182 80,770
At 29 April 2023 94,535 1,330 103,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Trade debtors 243,529 155,390
Amounts owed by group undertakings 262,160 586,005
Other debtors 134,570 232,650
Directors' current accounts 36,113 15,743
Prepayments and accrued income 48,307 111,486
724,679 1,101,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 26,393 26,458
Other loans 200,000 200,000
Hire purchase contracts (see note 9) 8,129 7,807
Trade creditors 86,920 72,398
Amounts owed to group undertakings 7,547 8,042
Social security and other taxes 43,837 31,535
VAT 52,492 29,474
Other creditors 183,545 587,766
Directors' current accounts 100 100
Accruals and deferred income 91,335 30,484
700,298 994,064

DUNCAN PLUMBING, HEATING & ELECTRICS LTD (REGISTERED NUMBER: 05786129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.4.24 29.4.23
£    £   
Bank loans - 1-5 years 27,234 53,003
Hire purchase contracts (see note 9) 7,759 15,888
Other creditors 3,839 15,355
38,832 84,246

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.4.24 29.4.23
£    £   
Net obligations repayable:
Within one year 8,129 7,807
Between one and five years 7,759 15,888
15,888 23,695

Non-cancellable operating leases
29.4.24 29.4.23
£    £   
Within one year - 3,500
Between one and five years 45,892 79,233
45,892 82,733

10. SECURED DEBTS

The following secured debts are included within creditors:

29.4.24 29.4.23
£    £   
Hire purchase contracts 15,888 23,695

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director was advanced £20,370 by the company during the year and owed £36,113 (2023 - £15,743) to the company as at 29 April 2024. No interest has been charged on this loan and there are no formal repayment terms.