1 June 2023 false No description of principal activity Taxfiler 2024.6 07260006business:PrivateLimitedCompanyLtd2023-06-012024-05-31 072600062023-05-31 072600062023-06-012024-05-31 07260006business:AuditExemptWithAccountantsReport2023-06-012024-05-31 07260006business:FilletedAccounts2023-06-012024-05-31 072600062024-05-31 07260006business:Director12023-06-012024-05-31 07260006business:RegisteredOffice2023-06-012024-05-31 072600062023-05-31 07260006core:WithinOneYear2024-05-31 07260006core:WithinOneYear2023-05-31 07260006core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 07260006core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07260006core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 07260006core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07260006core:PreviouslyStatedAmount2024-05-31 07260006core:PreviouslyStatedAmount2023-05-31 07260006business:SmallEntities2023-06-012024-05-31 07260006countries:EnglandWales2023-06-012024-05-31 07260006core:PlantMachinery2023-06-012024-05-31 07260006core:MotorVehicles2023-06-012024-05-31 07260006core:ComputerEquipment2023-06-012024-05-31 07260006core:PlantMachinery2023-05-31 07260006core:MotorVehicles2023-05-31 07260006core:FurnitureFittings2023-05-31 07260006core:PlantMachinery2024-05-31 07260006core:MotorVehicles2024-05-31 07260006core:FurnitureFittings2024-05-31 07260006core:FurnitureFittings2023-06-012024-05-31 072600062022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07260006 (England and Wales)
Duncan Riedl Limited Unaudited accounts for the year ended 31 May 2024
Duncan Riedl Limited Unaudited accounts Contents
Page
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Duncan Riedl Limited Company Information for the year ended 31 May 2024
Director
Duncan Riedl
Company Number
07260006 (England and Wales)
Registered Office
Suite 21 6-10 Claremont Road Surbiton KT6 4QU England
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
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Duncan Riedl Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,557 
46,311 
Current assets
Debtors
7,546 
8,540 
Cash at bank and in hand
41,189 
29,489 
48,735 
38,029 
Creditors: amounts falling due within one year
(23,146)
(12,442)
Net current assets
25,589 
25,587 
Total assets less current liabilities
57,146 
71,898 
Provisions for liabilities
Deferred tax
(5,615)
(8,799)
Net assets
51,531 
63,099 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
51,530 
63,098 
Shareholders' funds
51,531 
63,099 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2025 and were signed on its behalf by
Duncan Riedl Director Company Registration No. 07260006
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Duncan Riedl Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Duncan Riedl Limited is a private company, limited by shares, registered in England and Wales, registration number 07260006. The registered office is Suite 21 6-10 Claremont Road, Surbiton, KT6 4QU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% on Cost
Computer equipment
25% on Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Duncan Riedl Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
19,614 
52,540 
1,712 
73,866 
At 31 May 2024
19,614 
52,540 
1,712 
73,866 
Depreciation
At 1 June 2023
12,708 
13,135 
1,712 
27,555 
Charge for the year
4,903 
9,851 
- 
14,754 
At 31 May 2024
17,611 
22,986 
1,712 
42,309 
Net book value
At 31 May 2024
2,003 
29,554 
- 
31,557 
At 31 May 2023
6,906 
39,405 
- 
46,311 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,670 
7,746 
Accrued income and prepayments
876 
794 
7,546 
8,540 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,071 
5,212 
Taxes and social security
15,395 
2,954 
Loans from directors
2,680 
4,276 
23,146 
12,442 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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