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Company Registration No. 09545657 (England and Wales)
Duckduck Ltd Unaudited accounts for the year ended 30 April 2025
Duckduck Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Duckduck Ltd Company Information for the year ended 30 April 2025
Directors
Gregor Hoefter Maruan El-Hakim LCIF Representatives Limited
Company Number
09545657 (England and Wales)
Registered Office
Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Duckduck Ltd Accountants' report
Accountants' report to the board of directors of Duckduck Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Duckduck Ltd for the year ended 30 April 2025 as set out on pages 5 - 10 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Duckduck Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Duckduck Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Duckduck Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Duckduck Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Duckduck Ltd. You consider that Duckduck Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Duckduck Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 22 January 2026
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Duckduck Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
465
1,063
Current assets
Inventories
5,874
18,097
Debtors
5
545,960
347,994
Cash at bank and in hand
32,305
269,251
584,139
635,342
Creditors: amounts falling due within one year
6
(618,728)
(405,644)
Net current (liabilities)/assets
(34,589)
229,698
Total assets less current liabilities
(34,124)
230,761
Creditors: amounts falling due after more than one year
7
(7,563)
(17,620)
Net (liabilities)/assets
(41,687)
213,141
Capital and reserves
Called up share capital
2,357
2,357
Share premium
1,352,476
1,352,476
Profit and loss account
(1,396,520)
(1,141,692)
Shareholders' funds
(41,687)
213,141
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 22 January 2026 and were signed on its behalf by
Gregor Hoefter Director Company Registration No. 09545657
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Duckduck Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Duckduck Ltd is a private company, limited by shares, registered in England and Wales, registration number 09545657. The registered office is Suite 1-3 The Hop Exchange, 24 Southwark Street, London, SE1 1TY, United Kingdom.
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.
Going concern
At the balance sheet date the company had net liabilities of £41,687. The directors have received confirmation from the shareholders that they will continue to provide financial support for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
Revenue Recognition
Revenue is measured at the fair value of consideration received or receivable, net of VAT and trade discounts. Revenue from sale of goods is recognised when control of goods passes to the customer. Service income is recognised as services are provided.
Interest income
Interest income is recognised in profit or loss using the effective interest method.
Government grants
Government grants are recognised when there is reasonable assurance that the conditions will be met and the grant received. Grants relating to income are recognised in profit or loss over the periods necessary to match them with the related costs. Grants relating to assets are deducted from the carrying amount of the asset.
Foreign exchange
Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities are translated at year-end rates. Exchange differences are recognised in profit or loss.
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Duckduck Ltd Notes to the Accounts for the year ended 30 April 2025
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Employee benefits
Short-term employee benefits, including holiday pay, are recognised as expenses as services are rendered. Contributions to defined contribution pension schemes are charged to profit or loss when due.
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Borrowing costs
Borrowing costs are recognised as an expense in the period incurred.
Research and Development
Research costs are expensed as incurred. Development costs are capitalised as intangible assets when the project is technically feasible, the company intends and is able to complete it, future benefits are probable, and costs can be measured reliably. Capitalised costs are amortised over their useful life, not exceeding ten years, and reviewed for impairment annually. All other development expenditure is charged to profit or loss.
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:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on a FIFO basis.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Duckduck Ltd Notes to the Accounts for the year ended 30 April 2025
Financial instruments
The company has elected to apply the provisions of Section 1 'Basic Financial Instruments; and Section 12 'Other Financial Instruments Issues' of FRS 102 to al of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Duckduck Ltd Notes to the Accounts for the year ended 30 April 2025
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
8,572
1,609
10,181
At 30 April 2025
8,572
1,609
10,181
Depreciation
At 1 May 2024
8,360
758
9,118
Charge for the year
212
386
598
At 30 April 2025
8,572
1,144
9,716
Net book value
At 30 April 2025
-
465
465
At 30 April 2024
212
851
1,063
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
14,231
Trade debtors
36,475
67,564
Deferred tax asset
365,118
252,993
Accrued income and prepayments
10,107
8,946
Other debtors
134,260
4,260
545,960
347,994
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Duckduck Ltd Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,648
10,648
VAT
1,623
-
Trade creditors
13,393
15,202
Taxes and social security
41,135
8,233
Other creditors
57,623
1,566
Loans from directors
463,091
339,173
Accruals
17,620
20,500
Deferred income
13,595
10,322
618,728
405,644
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,563
17,620
The loan is unsecured and is repayable by monthly instalments.
8
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £1,624 (2024: £1,566) were payable to the fund at the reporting date and are included in creditors.
9
Average number of employees
During the year the average number of employees was 7 (2024: 8).
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