Durno Limited
Statement of financial position
as at 30 June 2024
Tangible assets
30,628
32,050
Cash at bank and in hand
115,671
43,509
Creditors: amounts falling due within one year
(60,794)
(10,113)
Net current assets
62,529
57,544
Total assets less current liabilities
93,157
89,594
Creditors: amounts falling due after more than one year
(121,728)
(171,671)
Net liabilities
(28,571)
(82,077)
Called up share capital
100
100
Profit and loss account
(28,671)
(82,177)
Shareholders' funds
(28,571)
(82,077)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2024 and were signed on its behalf by
Vivienne Smith
Director
Company Registration No. SC286100
Durno Limited
Notes to the Accounts
for the year ended 30 June 2024
Durno Limited is a private company, limited by shares, registered in Scotland, registration number SC286100. The registered office is Westview Bungalow Main Street, Garmond, Turriff, AB53 5TQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2023
48,853
10,121
58,974
At 30 June 2024
48,853
10,121
58,974
At 1 July 2023
17,673
9,251
26,924
Charge for the year
1,248
174
1,422
At 30 June 2024
18,921
9,425
28,346
At 30 June 2024
29,932
696
30,628
At 30 June 2023
31,180
870
32,050
Amounts falling due within one year
Trade debtors
7,652
25,012
Accrued income and prepayments
-
(864)
Durno Limited
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
121,728
171,671
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).