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Company Registration No. 07339255 (England and Wales)
DURKAN & SONS LTD Unaudited accounts for the year ended 29 February 2024
DURKAN & SONS LTD Unaudited accounts Contents
Page
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DURKAN & SONS LTD Company Information for the year ended 29 February 2024
Director
Brendan James DURKAN
Company Number
07339255 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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DURKAN & SONS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,541 
6,503 
Current assets
Inventories
27,678 
103,655 
Debtors
2,966,754 
2,687,214 
Cash at bank and in hand
562,896 
244,431 
3,557,328 
3,035,300 
Creditors: amounts falling due within one year
(1,313,070)
(1,522,473)
Net current assets
2,244,258 
1,512,827 
Total assets less current liabilities
2,293,799 
1,519,330 
Creditors: amounts falling due after more than one year
(23,281)
(33,213)
Provisions for liabilities
Other provisions
(33,350)
(33,025)
Net assets
2,237,168 
1,453,092 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,237,167 
1,453,091 
Shareholders' funds
2,237,168 
1,453,092 
For the year ending 29 February 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 his 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 12 November 2024 and were signed on its behalf by
Brendan James DURKAN Director Company Registration No. 07339255
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DURKAN & SONS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DURKAN & SONS LTD is a private company, limited by shares, registered in England and Wales, registration number 07339255. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY.
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.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Bal
Fixtures & fittings
20% Reducing Bal
Computer equipment
33% Reducing Bal
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
9,621 
475,752 
3,000 
8,006 
496,379 
Additions
4,034 
- 
49,510 
3,076 
56,620 
At 29 February 2024
13,655 
475,752 
52,510 
11,082 
552,999 
Depreciation
At 1 March 2023
9,621 
475,752 
600 
3,903 
489,876 
Charge for the year
807 
- 
10,382 
2,393 
13,582 
At 29 February 2024
10,428 
475,752 
10,982 
6,296 
503,458 
Net book value
At 29 February 2024
3,227 
- 
41,528 
4,786 
49,541 
At 28 February 2023
- 
- 
2,400 
4,103 
6,503 
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DURKAN & SONS LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
260,583 
128,965 
Trade debtors
1,690,362 
1,870,828 
Other debtors
550,325 
687,421 
2,501,270 
2,687,214 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
465,484 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,111 
5,236 
Trade creditors
1,211,495 
1,191,489 
Amounts owed to group undertakings and other participating interests
- 
200,000 
Taxes and social security
10,806 
35,354 
Other creditors
89,658 
90,394 
1,313,070 
1,522,473 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,281 
33,213 
8
Average number of employees
During the year the average number of employees was 9 (2023: 7).
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