Duckworth and Kent Limited 31/01/2025 iXBRL

Company registration number: 00620074

Duckworth and Kent Limited

Filleted financial statements

31 January 2025

Duckworth and Kent Limited

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Notes to the financial statements

Duckworth and Kent Limited

Directors and other information


	Directors	Mr Terence A Waldock
		Mrs Fay Waldock
		Mr Andrew Waldock
		Mr Adrian Waldock


	Secretary	Adrian Waldock


	Company number	00620074


	Registered office	7 Marquis Business Centre
		Royston Road
		Baldock
		SG7 6XL


	Auditor	Hicks and Company
		First Floor
		99 Bancroft
		Hitchin
		SG5 1NQ




	Bankers	National Westminster Bank
		Station Place
		Letchworth Garden City
		SG6 3AL

Duckworth and Kent Limited

Directors responsibilities statement

Year ended 31 January 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Duckworth and Kent Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	4,521,424		4,411,047
		_________		_________
			4,521,424		4,411,047

Current assets
Stocks	7	1,288,346		1,200,457
Debtors	8	921,315		688,209
Cash at bank and in hand		1,235,198		1,934,275
		_________		_________
		3,444,859		3,822,941
Creditors: amounts falling due
within one year	9	( 674,734)		( 590,161)
		_________		_________
Net current assets			2,770,125		3,232,780
			_________		_________
Total assets less current liabilities			7,291,549		7,643,827


Provisions for liabilities			( 199,441)		( 108,530)

			_________		_________
Net assets			7,092,108		7,535,297
			_________		_________

Capital and reserves
Called up share capital			1,992		1,992
Profit and loss account			7,090,116		7,533,305
			_________		_________
Shareholders funds			7,092,108		7,535,297
			_________		_________

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr Andrew Waldock

Director

Company registration number: 00620074

Duckworth and Kent Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Terence House, 7 Marquis Business Centre, Royston Road, Baldock, SG7 6XL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	No depreciation provided, see below.
Plant and machinery	-	10 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.Cost of conversion include direct costs, allocated variable production overheads and allocated fixed production overheads.Cost is determined on the first-in, first-out (FIFO) method. Stocks are recognised as an expense in the period in which the related revenue is recognised.At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to it's selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Auditors remuneration

	2025	2024
	£	£
Fees payable to Hicks and Company
Fees payable for the audit of the financial statements	12,650	12,650
	_________	_________

Fees payable to the company's auditor and its associates for other services:
Other non-audit services	12,650	12,650
	_________	_________

5. Employee numbers

The average number of persons employed by the company during the year amounted to 43 (2024: 45 ).

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 February 2024	3,642,572	3,897,620	42,723	10,437	7,593,352
Additions	-	322,384	-	-	322,384
Disposals	-	( 222,751)	( 1,860)	-	( 224,611)
	_________	_________	_________	_________	_________
At 31 January 2025	3,642,572	3,997,253	40,863	10,437	7,691,125
	_________	_________	_________	_________	_________
Depreciation
At 1 February 2024	-	3,131,422	40,447	10,436	3,182,305
Charge for the year	-	196,365	1,134	-	197,499
Disposals	-	( 208,244)	( 1,859)	-	( 210,103)
	_________	_________	_________	_________	_________
At 31 January 2025	-	3,119,543	39,722	10,436	3,169,701
	_________	_________	_________	_________	_________
Carrying amount
At 31 January 2025	3,642,572	877,710	1,141	1	4,521,424
	_________	_________	_________	_________	_________
At 31 January 2024	3,642,572	766,198	2,276	1	4,411,047
	_________	_________	_________	_________	_________

7. Stocks

	2025	2024
	£	£
Raw materials and consumables	371,333	361,575
Work in progress	402,739	442,367
Finished goods and goods for resale	514,274	396,515
	_________	_________
	1,288,346	1,200,457
	_________	_________

8. Debtors

	2025	2024
	£	£
Trade debtors	738,448	551,190
Other debtors	182,867	137,019
	_________	_________
	921,315	688,209
	_________	_________

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	102,399	26,788
Corporation tax	428,548	436,145
Social security and other taxes	55,128	45,128
Other creditors	88,659	82,100
	_________	_________
	674,734	590,161
	_________	_________

10. Summary audit opinion

The auditor's report dated 22 October 2025 was unqualified.

The senior statutory auditor was Philip Dean for and on behalf of Hicks and Company

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Adrian Waldock	2,152	807,696	( 809,848)	-
		_________	_________	_________	_________

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Adrian Waldock	196,271	591	( 194,710)	2,152
		_________	_________	_________	_________

12. Controlling party

The company is controlled by Mr T A Waldock.