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REGISTERED NUMBER: 00487967 (England and Wales)















DUNCAN CAMERON & HUTCHINSON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUNCAN CAMERON & HUTCHINSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S J Last
M R Porter



REGISTERED OFFICE: Eastern House
Priors Way
Coggeshall
Essex
CO6 1TW



REGISTERED NUMBER: 00487967 (England and Wales)



SENIOR STATUTORY AUDITOR: Steven Williams



AUDITORS: Murray Smith LLP
Chartered Accountants
Statutory Auditors
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 966,118 731,655
Investments 5 101 101
966,219 731,756

CURRENT ASSETS
Debtors 6 1,151,456 1,534,887
Cash at bank 2,782,230 2,592,540
3,933,686 4,127,427
CREDITORS
Amounts falling due within one year 7 3,100,850 2,076,641
NET CURRENT ASSETS 832,836 2,050,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,799,055

2,782,542

CREDITORS
Amounts falling due after more than one
year

8

(483,794

)

(79,670

)

PROVISIONS FOR LIABILITIES (132,279 ) (94,041 )
NET ASSETS 1,182,982 2,608,831

CAPITAL AND RESERVES
Called up share capital 10 12,500 12,500
Share premium 9,723 9,723
Revaluation reserve 11 415,112 240,045
Capital redemption reserve 40,000 40,000
Profit and loss account 705,647 2,306,563
SHAREHOLDERS' FUNDS 1,182,982 2,608,831

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 22 November 2024 and were signed on its behalf by:



S J Last - Director



M R Porter - Director


DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Duncan Cameron & Hutchinson Limited 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Duncan Cameron & Hutchinson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the amount receivable for goods sold and services rendered, excluding Value Added Tax.

Long-term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by comparing turnover and related costs with contract activity. Where it is considered that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

Long-term contract balances
Long-term contract balances are valued at direct costs incurred to date plus attributable production overheads, net of amounts transferred to cost of sales and after deducting foreseeable losses and payments on account not matched with turnover.

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% on cost
Plant, equipment and tools - 10% on cost
Motor vehicles - at varying rates on cost
Office equipment - 20% to 33.3% on cost

Freehold property is included at fair value at the date of the most recent valuation, less any subsequent accumulated depreciation. Gains are recognised in other comprehensive income and accumulated in the revaluation reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Freehold land is not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost. After initial recognition, investments in subsidiary undertakings are measured at cost less any accumulated impairment losses.

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs
The company makes contributions to employees' personal pension schemes. Contributions payable for the year are charged in the profit and loss account.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Plant,
Freehold equipment Motor Office
property and tools vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 580,000 180,883 359,184 44,170 1,164,237
Additions - 71,685 74,079 6,626 152,390
Disposals - (44,250 ) (87,756 ) (38,915 ) (170,921 )
Revaluations 160,000 - - - 160,000
At 29 February 2024 740,000 208,318 345,507 11,881 1,305,706
DEPRECIATION
At 1 March 2023 15,067 135,593 242,855 39,067 432,582
Charge for year 9,250 9,003 44,890 2,336 65,479
Eliminated on disposal - (44,250 ) (60,241 ) (38,915 ) (143,406 )
Revaluation adjustments (15,067 ) - - - (15,067 )
At 29 February 2024 9,250 100,346 227,504 2,488 339,588
NET BOOK VALUE
At 29 February 2024 730,750 107,972 118,003 9,393 966,118
At 28 February 2023 564,933 45,290 116,329 5,103 731,655

Included in cost or valuation of land and buildings is freehold land of £ 185,000 (2023 - £ 144,000 ) which is not depreciated.

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 29 February 2024 is represented by:

Plant,
Freehold equipment Motor Office
property and tools vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 114,725 - - - 114,725
Valuation in 2023 160,000 - - - 160,000
Cost 465,275 208,318 345,507 11,881 1,030,981
740,000 208,318 345,507 11,881 1,305,706

Freehold property was valued on an open market basis on 19 April 2023 by Eddisons .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 101
NET BOOK VALUE
At 29 February 2024 101
At 28 February 2023 101

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Gross amounts due from customers for
contract work

-

162,521
Trade debtors 669,736 985,224
Amounts owed by group undertakings 5,988 6,316
Other debtors 89,744 59,880
Directors' current accounts - 16,400
Prepayments 71,549 61,077
837,017 1,291,418

Amounts falling due after more than one year:
Trade debtors 314,439 243,469

Aggregate amounts 1,151,456 1,534,887

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 15,350 -
Hire purchase contracts 62,849 52,095
Trade creditors 1,058,336 879,271
Amounts owed to group undertakings 66,958 -
Corporation tax 173,285 53,956
Social security and other taxes 64,241 49,524
Gross amounts due to customers for contract
work

1,092,320

569,083
Accruals 567,511 472,712
3,100,850 2,076,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan falling due between
one and two years 16,573 -
Bank loan falling due between
two and five years 58,066 -
Bank loan falling due in more
than five years 302,766 -
Hire purchase contracts 106,389 79,670
483,794 79,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loan falling due in more
than five years 302,766 -
302,766 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 392,755 -
Hire purchase contracts 169,238 131,765
561,993 131,765

The bank holds a first legal charge over the property owned by the company, together with a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,500 Ordinary £1 12,500 12,500

11. RESERVES
Revaluation
reserve
£   
At 1 March 2023 240,045
Revaluations in year 175,067

At 29 February 2024 415,112

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)
for and on behalf of Murray Smith LLP

13. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £56,087 (2023 : £nil).

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M J Brock
Balance outstanding at start of year 8,150 -
Amounts advanced - 8,150
Amounts repaid (8,150 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,150

S D Healy
Balance outstanding at start of year 8,250 -
Amounts advanced - 8,250
Amounts repaid (8,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,250

15. RELATED PARTY DISCLOSURES

DUNCAN CAMERON & HUTCHINSON LIMITED (REGISTERED NUMBER: 00487967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

15. RELATED PARTY DISCLOSURES - continued

The company is a wholly owned subsidiary of DC&H Holdings Limited. The registered office and principal place of business of the parent company is Eastern House, Priors Way, Coggeshall, Colchester, Essex, CO6 1TW.

The ultimate parent company is PL Holdings Eastern Ltd. The registered office and principal place of business of the ultimate parent company is Eastern House, Priors Way, Coggeshall, Essex, CO6 1TW.