DUNCRUE SECURITY DISTRIBUTION LIMITED

Company Registration Number:
04778762 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

DUNCRUE SECURITY DISTRIBUTION LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

DUNCRUE SECURITY DISTRIBUTION LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,645 8,860
Total fixed assets: 6,645 8,860
Current assets
Stocks: 75,000 75,000
Debtors:   74,939 99,137
Cash at bank and in hand: 8,549 34,336
Total current assets: 158,488 208,473
Creditors: amounts falling due within one year:   (121,779) (132,767)
Net current assets (liabilities): 36,709 75,706
Total assets less current liabilities: 43,354 84,566
Creditors: amounts falling due after more than one year:   (73,961) (82,271)
Provision for liabilities: (157) (157)
Total net assets (liabilities): (30,764) 2,138
Capital and reserves
Called up share capital: 1,002 1,002
Profit and loss account: (31,766) 1,136
Shareholders funds: (30,764) 2,138

The notes form part of these financial statements

DUNCRUE SECURITY DISTRIBUTION LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Alexander Weir
Status: Director

The notes form part of these financial statements

DUNCRUE SECURITY DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

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 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DUNCRUE SECURITY DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

DUNCRUE SECURITY DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 26,807
At 28 February 2024 26,807
Depreciation
At 01 March 2023 17,947
Charge for year 2,215
At 28 February 2024 20,162
Net book value
At 28 February 2024 6,645
At 28 February 2023 8,860