REGISTERED NUMBER: SC105038 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

NTCDUCTING.COM Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Fahnrich

Miss J Fahnrich

SECRETARY:

Mrs A Fahnrich

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC105038 (Scotland)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

SA31 3LN

FIXED ASSETS

Tangible assets

4

694,893

721,216

Investments

5

1,260,851

5,171,051

Investment property

6

3,831,071

3,831,071

5,786,815

9,723,338

CURRENT ASSETS

Stocks

102,648

94,585

Debtors

7

1,041,093

1,097,882

Cash at bank

4,563,547

490,376

5,707,288

1,682,843

CREDITORS

Amounts falling due within one year

8

2,301,311

2,681,125

NET CURRENT ASSETS/(LIABILITIES)

3,405,977

(998,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,192,792

8,725,056

PROVISIONS FOR LIABILITIES

9,875

13,619

NET ASSETS

9,182,917

8,711,437

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

9,082,917

8,611,437

SHAREHOLDERS' FUNDS

9,182,917

8,711,437

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

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

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 Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mrs A Fahnrich - Director

1.	STATUTORY INFORMATION

NTCDUCTING.COM Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 20 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

990,464

797,400

1,787,864

Additions

-

13,827

13,827

At 30 September 2024

990,464

811,227

1,801,691

DEPRECIATION

At 1 October 2023

282,057

784,591

1,066,648

Charge for year

18,010

22,140

40,150

At 30 September 2024

300,067

806,731

1,106,798

NET BOOK VALUE

At 30 September 2024

690,397

4,496

694,893

At 30 September 2023

708,407

12,809

721,216

5.	FIXED ASSET INVESTMENTS

30.9.24

30.9.23

£

£

Shares in group undertakings

-

100

Other investments not loans

221,664

4,248,496

Other loans

1,039,187

922,455

1,260,851

5,171,051

Additional information is as follows:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

100

4,248,496

4,248,596

Disposals

(100

)

(4,026,832

)

(4,026,932

)

At 30 September 2024

-

221,664

221,664

NET BOOK VALUE

At 30 September 2024

-

221,664

221,664

At 30 September 2023

100

4,248,496

4,248,596

Cost or valuation at 30 September 2024 is represented by:

Other

investments

£

Cost

221,664

Other

loans

£

At 1 October 2023

922,455

New in year

171,759

Repayment in year

(55,027

)

At 30 September 2024

1,039,187

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

3,831,071

NET BOOK VALUE

At 30 September 2024

3,831,071

At 30 September 2023

3,831,071

In the opinion of the directors the investment property above is stated at its fair value.

Fair value at 30 September 2024 is represented by:

£

Cost

3,831,071

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

948,030

986,672

Other debtors

93,063

111,210

1,041,093

1,097,882

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

606,666

648,242

Taxation and social security

195,385

212,704

Other creditors

1,499,260

1,820,179

2,301,311

2,681,125

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Mrs A Fahnrich and Mrs A Fahnrich

Balance outstanding at start of year

(307,417

)

(358,028

)

Amounts advanced

273,619

52,499

Amounts repaid

(678

)

(1,888

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(34,476

)

(307,417

)