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REGISTERED NUMBER: SC320763 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Duncan Enterprises Ltd

Duncan Enterprises Ltd (Registered number: SC320763)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Duncan Enterprises Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: S J Duncan





SECRETARY: Mrs L M Duncan





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





REGISTERED NUMBER: SC320763 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Duncan Enterprises Ltd (Registered number: SC320763)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,482 13,099
11,482 13,099

CURRENT ASSETS
Stocks 6 28,030 19,726
Debtors 7 427,938 372,151
Cash at bank and in hand 85,462 106,036
541,430 497,913
CREDITORS
Amounts falling due within one
year

8

(75,368

)

(89,186

)
NET CURRENT ASSETS 466,062 408,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,544

421,826

PROVISIONS FOR LIABILITIES (2,871 ) (3,275 )
NET ASSETS 474,673 418,551

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 474,672 418,550
SHAREHOLDERS' FUNDS 474,673 418,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Duncan Enterprises Ltd (Registered number: SC320763)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 7 July 2025 and were signed by:





S J Duncan - Director


Duncan Enterprises Ltd (Registered number: SC320763)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Duncan Enterprises 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 amounts receivable for goods sold during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has now been fully amortised.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 33% on cost

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

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.

Duncan Enterprises Ltd (Registered number: SC320763)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 60,000
AMORTISATION
At 1 April 2024
and 31 March 2025 60,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2024 19,374 449 19,823
Additions 411 - 411
At 31 March 2025 19,785 449 20,234
DEPRECIATION
At 1 April 2024 6,275 449 6,724
Charge for year 2,028 - 2,028
At 31 March 2025 8,303 449 8,752
NET BOOK VALUE
At 31 March 2025 11,482 - 11,482
At 31 March 2024 13,099 - 13,099

6. STOCKS
31.3.25 31.3.24
£    £   
Stocks 28,030 19,726

Duncan Enterprises Ltd (Registered number: SC320763)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 1,595 1,592
Prepayments 2,686 2,837
4,281 4,429

Amounts falling due after more than one year:
Other debtors 423,657 367,722

Aggregate amounts 427,938 372,151

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 29,218 41,788
Tax 31,632 30,774
PAYE 1,152 480
VAT 1,825 4,424
Director's loan account 731 716
Accrued expenses 10,810 11,004
75,368 89,186

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 11,500 11,500
Between one and five years 23,000 34,500
34,500 46,000

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,500 (2024 - £35,370) were paid to the director .

During the year the company increased the amount loaned to SJD Investments Ltd by £55,934 leaving a balance of £423,657 (2024 £367,722). S J Duncan is the sole shareholder and director of SJD Investments Ltd. This loan is unsecured, interest free and repayable on demand.

During the year S J Duncan (director) increased the amount loaned to the company by £16 leaving a balance of £732 (2024 £715). This loan is unsecured, interest free and repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Duncan Enterprises Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Duncan Enterprises Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Duncan Enterprises Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Duncan Enterprises Ltd and state those matters that we have agreed to state to the director of Duncan Enterprises Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Duncan Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Duncan Enterprises Ltd. You consider that Duncan Enterprises Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Duncan Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


7 July 2025