Silverfin false false 05/04/2025 06/04/2024 05/04/2025 Amanda Duthie 23/04/2008 Ian Duthie 23/04/2008 01 August 2025 The principal activity of the Company during the financial year was the providing advice on safety issues and repair work in relation to the movement of rigs.

The company also owns a small fishing vessel.
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Company No: SC341801 (Scotland)

DUTHIE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 05 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

DUTHIE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2025

Contents

DUTHIE ENTERPRISES LIMITED

BALANCE SHEET

AS AT 05 APRIL 2025
DUTHIE ENTERPRISES LIMITED

BALANCE SHEET (continued)

AS AT 05 APRIL 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 28,824 33,936
28,824 33,936
Current assets
Debtors 4 28,318 10,370
Cash at bank and in hand 35,388 50,864
63,706 61,234
Creditors: amounts falling due within one year 5 ( 16,619) ( 16,413)
Net current assets 47,087 44,821
Total assets less current liabilities 75,911 78,757
Creditors: amounts falling due after more than one year 6 ( 1,694) ( 4,419)
Provision for liabilities ( 7,050) ( 6,226)
Net assets 67,167 68,112
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 67,067 68,012
Total shareholders' funds 67,167 68,112

For the financial year ending 05 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Duthie Enterprises Limited (registered number: SC341801) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Ian Duthie
Director
DUTHIE ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2025
DUTHIE ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Duthie Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Ian Duthie, 22 Brucklay Street, Rosehearty, AB43 7JN, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for goods and services provided, and is shown net of VAT and is recognised at the point of invoice.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Computer equipment 4 years straight line
Other property, plant and equipment 5 - 16 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Computer equipment Other property, plant
and equipment
Total
£ £ £ £
Cost
At 06 April 2024 24,995 4,245 28,176 57,416
Additions 3,083 150 0 3,233
At 05 April 2025 28,078 4,395 28,176 60,649
Accumulated depreciation
At 06 April 2024 8,200 1,850 13,430 23,480
Charge for the financial year 4,905 978 2,462 8,345
At 05 April 2025 13,105 2,828 15,892 31,825
Net book value
At 05 April 2025 14,973 1,567 12,284 28,824
At 05 April 2024 16,795 2,395 14,746 33,936

4. Debtors

2025 2024
£ £
Trade debtors 19,475 5,183
Other debtors 8,843 5,187
28,318 10,370

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 37 0
Taxation and social security 11,609 11,745
Obligations under finance leases and hire purchase contracts 2,724 2,497
Other creditors 2,249 2,171
16,619 16,413

The hire purchase contracts are secured over the asset it relates to.

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts 1,694 4,419

The hire purchase contracts are secured over the asset it relates to.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts due from directors 4,640 5,187

This loan is interest free and was fully repaid within 9 months of the year end.