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REGISTERED NUMBER: SC497156 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Durward Contracts Limited

Durward Contracts Limited (Registered number: SC497156)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Durward Contracts Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M Payne





REGISTERED OFFICE: 109 Durward Avenue
Glasgow
United Kingdom
G41 3SG





REGISTERED NUMBER: SC497156 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Durward Contracts Limited (Registered number: SC497156)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 2,253 7,158
Cash at bank 8,916 132
11,169 7,290
CREDITORS
Amounts falling due within one year 5 7,392 2,800
NET CURRENT ASSETS 3,777 4,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,777

4,490

CREDITORS
Amounts falling due after more than one year 6 2,934 4,833
NET ASSETS/(LIABILITIES) 843 (343 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 833 (353 )
SHAREHOLDERS' FUNDS 843 (343 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Durward Contracts Limited (Registered number: SC497156)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2024 and were signed by:





M Payne - Director


Durward Contracts Limited (Registered number: SC497156)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Durward Contracts 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.

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

Going concern
The company is dependent upon the continued support of its bankers. The director has a reasonable expectation that this support will continue for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Durward Contracts Limited (Registered number: SC497156)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 320
Other debtors 2,253 6,838
2,253 7,158

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,667 1,667
Taxation and social security 5,041 563
Other creditors 684 570
7,392 2,800

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 2,934 4,833

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 4,601 6,500

The bank loan is secured by a government backed guarantee.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
M Payne
Balance outstanding at start of year 6,839 4,660
Amounts advanced 34,423 16,133
Amounts repaid (39,009 ) (13,954 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,253 6,839

Durward Contracts Limited

Report of the Accountants to the Director of
Durward Contracts Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


19 June 2024