REGISTERED NUMBER: SC720178 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

George Duncan Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Duncan

Mrs L Duncan

REGISTERED OFFICE:

Hampshire House

Fochabers

MORAY

IV32 7PQ

REGISTERED NUMBER:

SC720178 (Scotland)

ACCOUNTANTS:

Stag Accountancy & Tax Services

6 Kintrae Rise

Elgin

MORAY

IV30 5ND

FIXED ASSETS

Tangible assets

4

930,704

586,353

CURRENT ASSETS

Stocks

105,000

-

Debtors

5

252,993

170,572

Cash at bank

246,219

248,582

604,212

419,154

CREDITORS

Amounts falling due within one year

6

527,775

338,798

NET CURRENT ASSETS

76,437

80,356

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,141

666,709

CREDITORS

Amounts falling due after more than one year

7

525,572

188,090

NET ASSETS

481,569

478,619

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

481,567

478,617

481,569

478,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 18 May 2026 and were signed on its behalf by:

G Duncan - Director

Mrs L Duncan - Director

1.	STATUTORY INFORMATION

George Duncan Contractors 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.

Tangible fixed assets

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

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 14 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

1,001,589

Additions

657,347

Disposals

(364,685

)

At 31 January 2026

1,294,251

DEPRECIATION

At 1 February 2025

415,236

Charge for year

180,548

Eliminated on disposal

(232,237

)

At 31 January 2026

363,547

NET BOOK VALUE

At 31 January 2026

930,704

At 31 January 2025

586,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

172,146

154,490

Other debtors

80,847

16,082

252,993

170,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

20

-

Hire purchase contracts

179,317

106,309

Trade creditors

141,459

83,233

Taxation and social security

14,240

(48,653

)

Other creditors

192,739

197,909

527,775

338,798

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

525,572

188,090