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Company Registration No. 03667782 (England and Wales)
Duncan Clark Ltd Unaudited accounts for the year ended 31 March 2025
Duncan Clark Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Duncan Clark Ltd Company Information for the year ended 31 March 2025
Director
Duncan Cosmo Rodger Clark
Company Number
03667782 (England and Wales)
Registered Office
Newstead Farm Station Road Stixwould Woodhall Spa Lincolnshire LN10 5HW England
Accountants
RJ Accountancy Limited Crossways Alverston Avenue Woodhall Spa LN10 6SN
- 3 -
Duncan Clark Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
427,418
449,778
Investment property
5
300,000
300,000
727,418
749,778
Current assets
Inventories
56,441
68,996
Debtors
6
11,164
29,213
Cash at bank and in hand
152,887
43,533
220,492
141,742
Creditors: amounts falling due within one year
7
(192,300)
(190,034)
Net current assets/(liabilities)
28,192
(48,292)
Total assets less current liabilities
755,610
701,486
Creditors: amounts falling due after more than one year
8
(297,320)
(156,482)
Net assets
458,290
545,004
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
168,491
168,491
Profit and loss account
288,799
375,513
Shareholders' funds
458,290
545,004
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2025 and were signed on its behalf by
Duncan Cosmo Rodger Clark Director Company Registration No. 03667782
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Duncan Clark Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Duncan Clark Ltd is a private company, limited by shares, registered in England and Wales, registration number 03667782. The registered office is Newstead Farm, Station Road, Stixwould, Woodhall Spa, Lincolnshire, LN10 5HW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% on cost
Plant & machinery
23% RB
Motor vehicles
25% RB
Fixtures & fittings
20% RB
Computer equipment
30% RB
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Duncan Clark Ltd Notes to the Accounts for the year ended 31 March 2025
Taxation
Taxation for the period 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.
Revaluation Reserve
Revaluation reserves at 31 March 2024: £55,425 (2023: £55,425)
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
350,000
242,185
36,829
361
2,341
631,716
Additions
-
1,307
-
-
-
1,307
At 31 March 2025
350,000
243,492
36,829
361
2,341
633,023
Depreciation
At 1 April 2024
-
162,584
17,447
93
1,814
181,938
Charge for the year
-
18,609
4,846
54
158
23,667
At 31 March 2025
-
181,193
22,293
147
1,972
205,605
Net book value
At 31 March 2025
350,000
62,299
14,536
214
369
427,418
At 31 March 2024
350,000
79,601
19,382
268
527
449,778
5
Investment property
2025
£
Fair value at 1 April 2024
300,000
At 31 March 2025
300,000
If investment property had not been revalued it would have been included at the following historical cost: £186,934 Investment property was valued on an open market basis on 31 March 2022 by Masons.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,213
-
Trade debtors
9,951
29,213
11,164
29,213
- 6 -
Duncan Clark Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
2,938
Trade creditors
14,125
22,146
Amounts owed to group undertakings and other participating interests
59,714
58,292
Taxes and social security
491
491
Loans from directors
117,190
105,327
Accruals
780
840
192,300
190,034
The following secured debts are included within Creditors: Hire Purchase Contracts £0 (2023: £5,284)
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
292,320
151,482
Trade creditors
5,000
5,000
297,320
156,482
The following secured debts are included within Creditors: Bank loans £151,482 (2023: £182,678)
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -