2023-02-01 SC061319 2024-01-31 SC061319 2023-02-01 2024-01-31 SC061319 2023-01-31 SC061319 2022-02-01 2023-01-31 SC061319 uk-core:WithinOneYear 2023-01-31 SC061319 uk-core:WithinOneYear 2024-01-31 SC061319 uk-core:ShareCapital 2024-01-31 SC061319 uk-core:ShareCapital 2023-01-31 SC061319 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC061319 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC061319 uk-bus:Director1 2023-02-01 2024-01-31 SC061319 uk-core:LandBuildings 2023-02-01 2024-01-31 SC061319 uk-core:PlantMachinery 2023-02-01 2024-01-31 SC061319 uk-core:MotorVehicles 2023-02-01 2024-01-31 SC061319 uk-core:FurnitureFittings 2023-02-01 2024-01-31 SC061319 uk-core:FurnitureFittings 2023-01-31 SC061319 uk-core:MotorVehicles 2023-01-31 SC061319 uk-core:PlantMachinery 2023-01-31 SC061319 uk-core:LandBuildings 2023-01-31 SC061319 uk-core:PlantMachinery 2024-01-31 SC061319 uk-core:MotorVehicles 2024-01-31 SC061319 uk-core:FurnitureFittings 2024-01-31 SC061319 uk-core:LandBuildings 2024-01-31 iso4217:GBP xbrli:pure SC061319 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC061319 uk-bus:FRS102 2023-02-01 2024-01-31 SC061319 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 SC061319 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Alan Duffus Limited
Registered Number:SC061319
For the year ended 31 January 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 January 2024
Alan Duffus Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC061319
As at 31 January 2024
Alan Duffus Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
61,143
90,968
2
61,143
90,968
Current assets
Inventories
837,792
951,237
3
Trade and other receivables
4,273
2,139
4
752,718
Cash and cash equivalents
409,208
1,362,584
1,594,783
Trade and other payables: amounts falling due within one year
(610,085)
(273,376)
5
984,698
1,089,208
Net current assets
Total assets less current liabilities
1,150,351
1,075,666
1,150,351
Net assets
1,075,666
Capital and reserves
Called up share capital
2,100
2,100
Retained earnings
1,148,251
1,073,566
1,150,351
1,075,666
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A W Duffus Director
These financial statements were approved and authorised for issue by the Board on 23 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
Alan Duffus Limited
Notes to the Financial Statements
Statutory Information
Alan Duffus Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC061319.
Registered address:
19-21 St Clair Street
Kirkcaldy
Fife
KY1 2QF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land & buildings
2% Straight line
Plant & machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures & fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 January 2024
Alan Duffus Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures & fittings
Motor vehicles
Plant & machinery
Land & buildings
£
£
£
£
£
Cost or valuation
At 01 February 2023
273,931
97,224
80,355
76,242
20,110
-
(26,199)
-
-
Disposals
(26,199)
At 31 January 2024
76,242
54,156
97,224
247,732
20,110
Provision for depreciation and impairment
At 01 February 2023
182,963
55,832
59,082
61,600
6,449
Charge for year
10,176
6,209
405
2,196
1,366
(6,550)
-
(6,550)
-
-
On disposal
At 31 January 2024
186,589
62,041
52,937
63,796
7,815
At 31 January 2024
Net book value
12,295
12,446
1,219
35,183
61,143
At 31 January 2023
13,661
14,642
21,273
41,392
90,968
3. Inventories
2023
2024
£
£
Stocks
951,237
837,792
4. Trade and other receivables
2023
2024
£
£
Trade debtors
472
(3,072)
Other debtors
1,667
7,345
4,273
2,139
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
205,578
535,937
Taxation and social security
44,856
49,217
Other creditors
22,942
24,931
273,376
610,085
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6
For the year ended 31 January 2024
Alan Duffus Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 5 (2023 : 4)
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