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REGISTERED NUMBER: SC012089 (Scotland)















Financial Statements for the Year Ended 31 January 2024

for

George Durran and Son, Limited

George Durran and Son, Limited (Registered number: SC012089)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


George Durran and Son, Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R T Doake
Mrs C A Doake



SECRETARY: Mrs C A Doake



REGISTERED OFFICE: 2 Sir John's Square
Thurso
Caithness
KW14 7AN



REGISTERED NUMBER: SC012089 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



BANKERS: The Royal Bank of Scotland plc
Olrig Street
Thurso
Caithness
KW14 7BL

George Durran and Son, Limited (Registered number: SC012089)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,419 11,773

CURRENT ASSETS
Stocks 34,371 32,585
Debtors 5 487 1,902
Cash at bank and in hand 13,220 14,282
48,078 48,769
CREDITORS
Amounts falling due within one year 6 (11,244 ) (13,951 )
NET CURRENT ASSETS 36,834 34,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,253

46,591

CREDITORS
Amounts falling due after more than one
year

7

(2,886

)

(4,072

)

PROVISIONS FOR LIABILITIES (250 ) -
NET ASSETS 45,117 42,519

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Retained earnings 43,317 40,719
SHAREHOLDERS' FUNDS 45,117 42,519

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

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 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.

George Durran and Son, Limited (Registered number: SC012089)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





R T Doake - Director


George Durran and Son, Limited (Registered number: SC012089)

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

1. STATUTORY INFORMATION

George Durran and Son, Limited is a private company, limited by shares , registered in Scotland. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Plant and machinery - 5% straight line

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

George Durran and Son, Limited (Registered number: SC012089)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 February 2023 22,955 8,347 31,302
Additions - 235 235
At 31 January 2024 22,955 8,582 31,537
DEPRECIATION
At 1 February 2023 12,393 7,136 19,529
Charge for year 459 130 589
At 31 January 2024 12,852 7,266 20,118
NET BOOK VALUE
At 31 January 2024 10,103 1,316 11,419
At 31 January 2023 10,562 1,211 11,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 487 632
Other debtors - 1,270
487 1,902

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 922 4,003
Other creditors 10,322 9,948
11,244 13,951

Other creditors include £751 (2023 - NIL) in respect of taxation and social security.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,886 4,072