Duck Egg Blue Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC495778 (Scotland)

Duck Egg Blue Management Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Ferguson

I J Middleton

REGISTERED OFFICE:

Summerhall Studio 121

Summerhall

Edinburgh

EH9 1PL

REGISTERED NUMBER:

SC495778 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

PO Box 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Intangible assets

4

647

1,095

Tangible assets

5

180,247

200,742

Investments

6

2

180,896

201,839

CURRENT ASSETS

Stocks

7,504

28,589

Debtors

7

47,635

48,195

Cash at bank and in hand

32,741

35,352

87,880

112,136

CREDITORS

Amounts falling due within one year

8

54,219

61,624

NET CURRENT ASSETS

33,661

50,512

TOTAL ASSETS LESS CURRENT LIABILITIES

214,557

252,351

PROVISIONS FOR LIABILITIES

44,790

49,842

NET ASSETS

169,767

202,509

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

169,567

202,309

169,767

202,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 30 October 2025 and were signed on its behalf by:

I J Middleton - Director

1.	STATUTORY INFORMATION

Duck Egg Blue Management 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.

Turnover

Turnover represents net invoiced sale, excluding value added tax. Revenue is recognised when the company becomes entitled to consideration.

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 20% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are repayable on demand.

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.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

1,813

AMORTISATION

At 1 February 2024

718

Charge for year

448

At 31 January 2025

1,166

NET BOOK VALUE

At 31 January 2025

647

At 31 January 2024

1,095

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

935

346,073

347,008

Additions

-

22,844

Disposals

-

(1,025

)

(1,025

)

At 31 January 2025

935

367,892

368,827

DEPRECIATION

At 1 February 2024

70

146,196

146,266

Charge for year

94

42,750

42,844

Eliminated on disposal

-

(530

)

(530

)

At 31 January 2025

164

188,416

188,580

NET BOOK VALUE

At 31 January 2025

771

179,476

180,247

At 31 January 2024

865

199,877

200,742

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

2

NET BOOK VALUE

At 31 January 2025

2

At 31 January 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

35,518

37,036

Amounts owed by group undertakings

1

Other debtors

12,116

11,158

47,635

48,195

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

10,119

7,691

Amounts owed to group undertakings

1,553

12,048

Taxation and social security

33,755

37,752

Other creditors

8,792

4,133

54,219

61,624

Included within other creditors is a loan from a director. The loan is unsecured, interest free and repayable on demand.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

3,667

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

I J Middleton

Balance outstanding at start of year

(285

)

(9,874

)

Amounts advanced

11,322

25,162

Amounts repaid

(5,619

)

(15,573

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,418

(285

)