REGISTERED NUMBER: SC395403 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

DUNCAN WEMYSS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Wemyss

Mrs A G Wemyss

Mrs K Rooney

SECRETARY:

Ms A Wemyss

REGISTERED OFFICE:

12 Manse Road

Ardgay

Sutherland

IV24 3BL

REGISTERED NUMBER:

SC395403 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

10 Knockbreck Street

Tain

Ross-Shire

IV19 1BJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,636,780

1,616,598

1,636,780

1,616,598

CURRENT ASSETS

Stocks

700

700

Debtors

6

1,139,737

506,263

Cash at bank

1,705,392

1,403,107

2,845,829

1,910,070

CREDITORS

Amounts falling due within one year

7

630,482

690,478

NET CURRENT ASSETS

2,215,347

1,219,592

TOTAL ASSETS LESS CURRENT LIABILITIES

3,852,127

2,836,190

CREDITORS

Amounts falling due after more than one year

8

(35,400

)

-

PROVISIONS FOR LIABILITIES

(396,752

)

(391,408

)

NET ASSETS

3,419,975

2,444,782

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,419,875

2,444,682

3,419,975

2,444,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Mr D Wemyss the Board of Directors and authorised for issue on 27th October 2025 and were signed on its behalf by:

D Wemyss - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

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 reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

25,000

AMORTISATION

At 1st April 2024

and 31st March 2025

25,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

59,556

4,071,418

4,130,974

Additions

-

531,954

531,954

At 31st March 2025

59,556

4,603,372

4,662,928

DEPRECIATION

At 1st April 2024

8,593

2,505,783

2,514,376

Charge for year

1,191

510,581

511,772

At 31st March 2025

9,784

3,016,364

3,026,148

NET BOOK VALUE

At 31st March 2025

49,772

1,587,008

1,636,780

At 31st March 2024

50,963

1,565,635

1,616,598

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

230,909

456,937

Amounts owed by participating interests

833,000

-

Other debtors

75,828

49,326

1,139,737

506,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

53,100

-

Trade creditors

117,777

198,701

Taxation and social security

396,766

103,184

Other creditors

62,839

388,593

630,482

690,478

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

35,400

-

9.	OTHER FINANCIAL COMMITMENTS

Total future minimum payments under non-cancellable operating leases £25,000 (£30,000- 2024)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D Wemyss.