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REGISTERED NUMBER: 00663736 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DUGGLEBY MOVERS & STORERS LTD

PREVIOUSLY KNOWN AS
T KIDD AND SON LIMITED

DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DUGGLEBY MOVERS & STORERS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: W D J Duggleby





REGISTERED OFFICE: Vine Street Salerooms
16-19 Vine Street
Scarborough
North Yorkshire
YO11 1XN





REGISTERED NUMBER: 00663736 (England and Wales)

DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,401 8,223
Property, plant and equipment 5 12,717 113,154
20,118 121,377

CURRENT ASSETS
Inventories 15,652 14,622
Debtors 6 280,180 79,024
Cash at bank and in hand 95,328 138,264
391,160 231,910
CREDITORS
Amounts falling due within one year 7 93,294 142,418
NET CURRENT ASSETS 297,866 89,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,984

210,869

CREDITORS
Amounts falling due after more than one year 8 27,096 58,682
NET ASSETS 290,888 152,187

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings (209,112 ) (347,813 )
290,888 152,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 director and authorised for issue on 1 November 2024 and were signed by:





W D J Duggleby - Director


DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Duggleby Movers & Storers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company has a net asset position and a healthy bank position and the director is satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The director does not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets - goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Plant and machinery-15% on reducing balance
Fixtures and fittings-15% on cost
Motor vehicles-2% and 20% on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,223
AMORTISATION
Charge for year 822
At 31 December 2023 822
NET BOOK VALUE
At 31 December 2023 7,401
At 31 December 2022 8,223

DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 16,119 132,413 608,295 756,827
Additions 2,540 - - 2,540
Disposals - - (232,027 ) (232,027 )
At 31 December 2023 18,659 132,413 376,268 527,340
DEPRECIATION
At 1 January 2023 10,778 132,412 500,483 643,673
Charge for year 1,099 - 1,254 2,353
Eliminated on disposal - - (131,403 ) (131,403 )
At 31 December 2023 11,877 132,412 370,334 514,623
NET BOOK VALUE
At 31 December 2023 6,782 1 5,934 12,717
At 31 December 2022 5,341 1 107,812 113,154

The net book value of property, plant and equipment includes £ 4,469 (2022 - £ 111,311 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,257 52,530
Amounts owed by group undertakings 144,318 318
Other debtors 105,605 26,176
280,180 79,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,650
Hire purchase contracts 23,450 22,372
Trade creditors 19,714 77,769
Taxation and social security 35,515 23,956
Other creditors 4,615 8,671
93,294 142,418

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,930 25,170
Hire purchase contracts 12,166 33,512
27,096 58,682

DUGGLEBY MOVERS & STORERS LTD (REGISTERED NUMBER: 00663736)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,930 34,820
Hire purchase contracts 35,616 55,884
60,546 90,704

The loans in respect of hire purchase agreements are secured against the assets to which they relate.

10. OFF-BALANCE SHEET ARRANGEMENTS

The company has total operating lease commitments at the balance sheet date in the sum of £24,000 (2023 - £33,517).