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REGISTERED NUMBER: 07663884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Ducting Express Services Ltd

Ducting Express Services Ltd (Registered number: 07663884)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ducting Express Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G J Taylor
J Squire





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 07663884 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Ducting Express Services Ltd (Registered number: 07663884)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,714 25,726
57,714 25,726

CURRENT ASSETS
Stocks 61,000 59,950
Debtors 6 104,662 76,031
Cash at bank and in hand 669,554 784,640
835,216 920,621
CREDITORS
Amounts falling due within one year 7 (531,658 ) (584,424 )
NET CURRENT ASSETS 303,558 336,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,272

361,923

CREDITORS
Amounts falling due after more than one
year

8

(39,022

)

(26,667

)

PROVISIONS FOR LIABILITIES (14,429 ) (6,432 )
NET ASSETS 307,821 328,824

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 307,721 328,724
SHAREHOLDERS' FUNDS 307,821 328,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Ducting Express Services Ltd (Registered number: 07663884)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





G J Taylor - Director


Ducting Express Services Ltd (Registered number: 07663884)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ducting Express Services 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.

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.

Intangible assets
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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling
costs in bringing stocks to their present location and condition.

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.

Ducting Express Services Ltd (Registered number: 07663884)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under the 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Government grants
Government grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2023
and 31 May 2024 17,157
AMORTISATION
At 1 June 2023
and 31 May 2024 17,157
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Ducting Express Services Ltd (Registered number: 07663884)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 3,610 5,600 147,232 13,674 170,116
Additions - - 59,625 1,546 61,171
Disposals - - (49,343 ) - (49,343 )
At 31 May 2024 3,610 5,600 157,514 15,220 181,944
DEPRECIATION
At 1 June 2023 3,060 3,599 128,836 8,895 144,390
Charge for year 550 669 26,485 1,388 29,092
Eliminated on disposal - - (49,252 ) - (49,252 )
At 31 May 2024 3,610 4,268 106,069 10,283 124,230
NET BOOK VALUE
At 31 May 2024 - 1,332 51,445 4,937 57,714
At 31 May 2023 550 2,001 18,396 4,779 25,726

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 72,557 63,421
Other debtors 32,105 12,610
104,662 76,031

Other debtors includes prepayments and accrued income of £20,472 (2023: £6,227).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,526 4,524
Trade creditors 230,338 348,946
Taxation and social security 271,842 212,394
Other creditors 6,952 8,560
531,658 584,424

Other creditors includes accruals and deferred income of £5,564 (2023: £5,097).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 22,355 -
39,022 26,667

Ducting Express Services Ltd (Registered number: 07663884)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 34,881 4,524

Hire purchase liabilities are secured on the individual assets being so acquired.

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £41,291 (2023: £59,071).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
G J Taylor
Balance outstanding at start of year - -
Amounts advanced 66,458 44,549
Amounts repaid (66,458 ) (44,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J Squire
Balance outstanding at start of year - -
Amounts advanced 67,016 45,745
Amounts repaid (67,016 ) (45,745 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were repayable on demand and interest was charged at the official HMRC rate.