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Registered number: 04432530
John Duffield Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04432530
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,596 25,711
20,596 25,711
CURRENT ASSETS
Stocks 6 750 750
Debtors 7 17,721 101
Cash at bank and in hand 4,672 9,624
23,143 10,475
Creditors: Amounts Falling Due Within One Year 8 (17,787 ) (33,808 )
NET CURRENT ASSETS (LIABILITIES) 5,356 (23,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,952 2,378
NET ASSETS 25,952 2,378
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 25,852 2,278
SHAREHOLDERS' FUNDS 25,952 2,378
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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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M A Underwood
Director
22 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
John Duffield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04432530 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Amortisation
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 4,782 34,056 38,838
Additions 1,750 - 1,750
As at 31 March 2025 6,532 34,056 40,588
Depreciation
As at 1 April 2024 4,613 8,514 13,127
Provided during the period 479 6,386 6,865
As at 31 March 2025 5,092 14,900 19,992
Net Book Value
As at 31 March 2025 1,440 19,156 20,596
As at 1 April 2024 169 25,542 25,711
6. Stocks
2025 2024
£ £
Stock 750 750
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,560 -
Other debtors 13,161 101
17,721 101
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 2,630 27,693
Taxation and social security 15,157 6,115
17,787 33,808
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Financial Instruments
The company has the following financial instruments:
2025 2024
£ £
Financial assets
Financial assets measured at fair value through profit and loss 9,333 -
Financial liabilities
Financial liabilities measured at fair value through profit and loss 26,921 -
Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.
11. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the director, Mr M A Underwood amounting to £(25,363); 2024 £(25,138).
12. Controlling Parties
The Company was controlled throughout the current period by its director, Mr M A Underwood by virtue of
the fact that he controls all of the company's ordinary issued share capital.
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