Company Registration No. 10331883 (England and Wales)
Duncan Financial Services Ltd
Unaudited accounts
for the year ended 30 November 2025
Duncan Financial Services Ltd
Unaudited accounts
Contents
Duncan Financial Services Ltd
Company Information
for the year ended 30 November 2025
Directors
Mr G Duncan
Mrs J Duncan
Company Number
10331883 (England and Wales)
Registered Office
35 Larcombe Road
Petersfield
Hampshire
GU32 3LS
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
Duncan Financial Services Ltd
Statement of financial position
as at 30 November 2025
Cash at bank and in hand
94,215
78,287
Creditors: amounts falling due within one year
(7,644)
(6,172)
Net current assets
88,410
72,602
Called up share capital
100
100
Profit and loss account
89,512
72,885
Shareholders' funds
89,612
72,985
For the year ending 30 November 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 26 May 2026 and were signed on its behalf by
Mr G Duncan
Director
Company Registration No. 10331883
Duncan Financial Services Ltd
Notes to the Accounts
for the year ended 30 November 2025
Duncan Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10331883. The registered office is 35 Larcombe Road, Petersfield, Hampshire, GU32 3LS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
Deferred tax assets and liabilities are not discounted.
Taxation for the year compromises 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Duncan Financial Services Ltd
Notes to the Accounts
for the year ended 30 November 2025
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:
Computer equipment
33% straight line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,054
5,352
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).