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REGISTERED NUMBER: 04434386 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAVID DUGGLEBY LIMITED

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

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 4


DAVID DUGGLEBY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mrs J J Duggleby
D M Duggleby
W D J Duggleby
T F Fouracre Reid
J B Brown





SECRETARY: Mrs J J Duggleby





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





REGISTERED NUMBER: 04434386 (England and Wales)

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 34,213 35,159
Investments 6 25,000 25,000
59,213 60,159

CURRENT ASSETS
Inventories 14,743 13,564
Debtors 7 291,159 223,684
Cash at bank and in hand 161,122 191,839
467,024 429,087
CREDITORS
Amounts falling due within one year 8 421,769 352,118
NET CURRENT ASSETS 45,255 76,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,468

137,128

CREDITORS
Amounts falling due after more than one year 9 (14,810 ) (24,951 )

PROVISIONS FOR LIABILITIES (6,709 ) (6,828 )
NET ASSETS 82,949 105,349

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 82,149 104,549
SHAREHOLDERS' FUNDS 82,949 105,349

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 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.

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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 20 November 2024 and were signed on its behalf by:





W D J Duggleby - Director


DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

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


1. STATUTORY INFORMATION

David Duggleby 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.

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 directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue 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 directors do 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 2003, is being amortised evenly over its estimated useful life of ten years.

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 - 33% on cost and 20% on cost
Motor vehicles - 25% on cost

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

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

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 sum of digits 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.

Unlisted investments
Investments in joint venture partnerships are initially measured at cost. After initial recognition investments in joint venture partnerships are reduced by any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 150,704 248,614 399,318
Additions 24,697 - 24,697
Disposals (43,710 ) (1,930 ) (45,640 )
At 31 December 2023 131,691 246,684 378,375
DEPRECIATION
At 1 January 2023 127,192 236,967 364,159
Charge for year 13,996 11,647 25,643
Eliminated on disposal (43,710 ) (1,930 ) (45,640 )
At 31 December 2023 97,478 246,684 344,162
NET BOOK VALUE
At 31 December 2023 34,213 - 34,213
At 31 December 2022 23,512 11,647 35,159

The net book value of property, plant and equipment includes £NIL (2022 - £ 7,811 ) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 25,000
At 31 December 2022 25,000

DAVID DUGGLEBY LIMITED (REGISTERED NUMBER: 04434386)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,725 54,664
Other debtors 179,434 169,020
291,159 223,684

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,140 9,890
Hire purchase contracts - 6,863
Trade creditors 37,616 35,364
Amounts owed to group undertakings 89,141 99,122
Taxation and social security 177,483 133,347
Other creditors 107,389 67,532
421,769 352,118

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,810 24,951

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 6,863

Hire purchase liabilities are secured on the underlying assets.

11. OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments at the balance sheet date in the sum of £41,934 (2022 - £71,960).