IRIS Accounts Production v24.3.2.46 SC463581 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4635812023-11-30SC4635812024-11-30SC4635812023-12-012024-11-30SC4635812022-11-30SC4635812022-12-012023-11-30SC4635812023-11-30SC463581ns15:Scotland2023-12-012024-11-30SC463581ns14:PoundSterling2023-12-012024-11-30SC463581ns10:Director12023-12-012024-11-30SC463581ns10:Director22023-12-012024-11-30SC463581ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC463581ns10:SmallEntities2023-12-012024-11-30SC463581ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC463581ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC463581ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC463581ns10:FullAccounts2023-12-012024-11-30SC463581ns10:RegisteredOffice2023-12-012024-11-30SC463581ns5:CurrentFinancialInstruments2024-11-30SC463581ns5:CurrentFinancialInstruments2023-11-30SC463581ns5:ShareCapital2024-11-30SC463581ns5:ShareCapital2023-11-30SC463581ns5:RetainedEarningsAccumulatedLosses2024-11-30SC463581ns5:RetainedEarningsAccumulatedLosses2023-11-30SC463581ns5:PlantMachinery2023-12-012024-11-30SC463581ns5:FurnitureFittings2023-12-012024-11-30SC463581ns5:MotorVehicles2023-12-012024-11-30SC463581ns5:ComputerEquipment2023-12-012024-11-30SC463581ns5:PlantMachinery2023-11-30SC463581ns5:FurnitureFittings2023-11-30SC463581ns5:MotorVehicles2023-11-30SC463581ns5:ComputerEquipment2023-11-30SC463581ns5:PlantMachinery2024-11-30SC463581ns5:FurnitureFittings2024-11-30SC463581ns5:MotorVehicles2024-11-30SC463581ns5:ComputerEquipment2024-11-30SC463581ns5:PlantMachinery2023-11-30SC463581ns5:FurnitureFittings2023-11-30SC463581ns5:MotorVehicles2023-11-30SC463581ns5:ComputerEquipment2023-11-30SC463581ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC463581ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: SC463581 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

N Duncan Joinery Ltd

N Duncan Joinery Ltd (Registered number: SC463581)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N Duncan Joinery Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr N J Duncan
Mrs A Duncan





REGISTERED OFFICE: 12 Links View
Inverboyndie
Banff
Aberdeenshire
AB45 2JY





REGISTERED NUMBER: SC463581 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

N Duncan Joinery Ltd (Registered number: SC463581)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,496 43,111

CURRENT ASSETS
Debtors 5 47,425 40,783
Cash at bank 64,729 78,747
112,154 119,530
CREDITORS
Amounts falling due within one year 6 31,749 24,550
NET CURRENT ASSETS 80,405 94,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,901

138,091

PROVISIONS FOR LIABILITIES 7,714 4,873
NET ASSETS 107,187 133,218

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 107,185 133,216
SHAREHOLDERS' FUNDS 107,187 133,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

N Duncan Joinery Ltd (Registered number: SC463581)

Balance Sheet - continued
30 November 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 27 February 2025 and were signed on its behalf by:




Mr N J Duncan - Director



Mrs A Duncan - Director


N Duncan Joinery Ltd (Registered number: SC463581)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

N Duncan Joinery Ltd is a private company, limited by shares , registered in Scotland. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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 reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

N Duncan Joinery Ltd (Registered number: SC463581)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 23,096 1,564 50,788 1,363 76,811
Additions 2,344 - - - 2,344
At 30 November 2024 25,440 1,564 50,788 1,363 79,155
DEPRECIATION
At 1 December 2023 14,154 313 18,167 1,066 33,700
Charge for year 2,257 250 8,155 297 10,959
At 30 November 2024 16,411 563 26,322 1,363 44,659
NET BOOK VALUE
At 30 November 2024 9,029 1,001 24,466 - 34,496
At 30 November 2023 8,942 1,251 32,621 297 43,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 17,395 18,739
Other debtors 27,589 20,386
VAT 974 450
Prepayments 1,467 1,208
47,425 40,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 6,441 3,928
Tax 20,264 15,940
Other creditors 1,291 1,474
Directors' current accounts 1,873 1,478
Accrued expenses 1,880 1,730
31,749 24,550

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs N Duncan.