Paul Ducksbury Limited 01895746 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of agricultural contracting and farming Digita Accounts Production Advanced 6.30.9574.0 true 01895746 2024-04-01 2025-03-31 01895746 2025-03-31 01895746 bus:OrdinaryShareClass1 2025-03-31 01895746 bus:OrdinaryShareClass2 2025-03-31 01895746 core:RetainedEarningsAccumulatedLosses 2025-03-31 01895746 core:ShareCapital 2025-03-31 01895746 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 01895746 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 01895746 core:CurrentFinancialInstruments 2025-03-31 01895746 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01895746 core:Non-currentFinancialInstruments 2025-03-31 01895746 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 01895746 core:FurnitureFittings 2025-03-31 01895746 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01895746 core:MotorVehicles 2025-03-31 01895746 core:PlantMachinery 2025-03-31 01895746 core:OtherRelatedParties 2025-03-31 01895746 bus:SmallEntities 2024-04-01 2025-03-31 01895746 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01895746 bus:FilletedAccounts 2024-04-01 2025-03-31 01895746 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01895746 bus:RegisteredOffice 2024-04-01 2025-03-31 01895746 bus:Director1 2024-04-01 2025-03-31 01895746 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 01895746 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 01895746 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01895746 core:Buildings 2024-04-01 2025-03-31 01895746 core:FurnitureFittings 2024-04-01 2025-03-31 01895746 core:Land 2024-04-01 2025-03-31 01895746 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01895746 core:MotorVehicles 2024-04-01 2025-03-31 01895746 core:PlantMachinery 2024-04-01 2025-03-31 01895746 core:OtherRelatedParties 2024-04-01 2025-03-31 01895746 1 2024-04-01 2025-03-31 01895746 countries:England 2024-04-01 2025-03-31 01895746 2024-03-31 01895746 core:FurnitureFittings 2024-03-31 01895746 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01895746 core:MotorVehicles 2024-03-31 01895746 core:PlantMachinery 2024-03-31 01895746 2023-07-01 2024-03-31 01895746 2024-03-31 01895746 bus:OrdinaryShareClass1 2024-03-31 01895746 bus:OrdinaryShareClass2 2024-03-31 01895746 core:RetainedEarningsAccumulatedLosses 2024-03-31 01895746 core:ShareCapital 2024-03-31 01895746 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 01895746 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 01895746 core:CurrentFinancialInstruments 2024-03-31 01895746 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01895746 core:Non-currentFinancialInstruments 2024-03-31 01895746 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 01895746 core:FurnitureFittings 2024-03-31 01895746 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01895746 core:MotorVehicles 2024-03-31 01895746 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01895746

Paul Ducksbury Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Paul Ducksbury Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Paul Ducksbury Limited

(Registration number: 01895746)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

381,796

882,477

Current assets

 

Stocks

5

2,230

84,902

Debtors

6

1,407,313

129,342

Cash at bank and in hand

 

5,970

10,723

 

1,415,513

224,967

Creditors: Amounts falling due within one year

7

(677,028)

(359,175)

Net current assets/(liabilities)

 

738,485

(134,208)

Total assets less current liabilities

 

1,120,281

748,269

Creditors: Amounts falling due after more than one year

7

(565,334)

(19,321)

Provisions for liabilities

(34,592)

(158,272)

Net assets

 

520,355

570,676

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

520,255

570,576

Shareholders' funds

 

520,355

570,676

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

.........................................
P M Ducksbury
Director

 

Paul Ducksbury Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Field Farm
Askham
Newark
Nottinghamshire
NG22 0RT

These financial statements were authorised for issue by the Board on 31 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been presented in pound sterling and are rounded to the nearest pound.

Disclosure of long or short period

The company shortened its year end in the comparative period and so the results are not entirely comparable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Paul Ducksbury Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, less any estimate residual value and other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land

Nil

Freehold buildings

4% per annum on cost

Plant and machinery

0% to 20% reducing balance basis

Fixtures and fittings

15% to 25% reducing balance basis

Motor vehicles

25% reducing balance basis

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

The pension costs charged in the financial statements represent the contributions payable by the company during the year to the directors' personal schemes and the company contributes into a group personal pension scheme as part of its compliance with auto enrolment responsibilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 5 (2024 - 6).

 

Paul Ducksbury Limited

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

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

314,034

11,880

1,271,678

56,030

1,653,622

Additions

-

-

280,379

14,500

294,879

Disposals

-

(9,899)

(1,369,436)

(14,200)

(1,393,535)

At 31 March 2025

314,034

1,981

182,621

56,330

554,966

Depreciation

At 1 April 2024

70,658

10,098

652,909

37,481

771,146

Charge for the year

6,634

408

123,379

6,147

136,568

Eliminated on disposal

-

(8,927)

(714,134)

(11,483)

(734,544)

At 31 March 2025

77,292

1,579

62,154

32,145

173,170

Carrying amount

At 31 March 2025

236,742

402

120,467

24,185

381,796

At 31 March 2024

243,376

1,782

618,770

18,549

882,477

Included within the net book value of land and buildings above is £236,742 (2024 - £243,376) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

2,230

84,902

6

Debtors

Current

2025
£

2024
£

Trade debtors

9,893

48,119

Prepayments

-

73,282

Other debtors

1,397,420

7,941

 

1,407,313

129,342

 

Paul Ducksbury Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

178,976

9,748

Trade creditors

 

13,358

117,255

Taxation and social security

 

112,244

2,386

Accruals and deferred income

 

24,544

25,203

Other creditors

 

347,906

204,583

 

677,028

359,175

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £168,943 (2024- £nil). The loans are secured on assets of the company and hire purchase is secured on the assets to which it relates.

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

565,334

19,321

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £556,330 (2024 - £ nil). The loans are secured on assets of the company and hire purchase is secured on the assets to which it relates.

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90

Ordinary A shares of £1 each

10

10

10

10

100

100

100

100

 

Paul Ducksbury Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

9,004

19,321

Hire purchase contracts

181,330

-

Other borrowings

375,000

-

565,334

19,321

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,033

9,748

Hire purchase contracts

35,804

-

Other borrowings

133,139

-

178,976

9,748

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £1,650).

11

Related party transactions

Summary of transactions with other related parties

H M Brown and P Ducksbury are directors and shareholders of Tuxford Renewable Energy Limited.

Loans to related parties

2025

Other related parties
£

Total
£

Advanced

2,191,951

2,191,951

Repaid

(1,040,719)

(1,040,719)

Interest transactions

140,661

140,661

At end of period

1,291,893

1,291,893