Silverfin false false 05/04/2026 06/04/2025 05/04/2026 Amanda Duthie 23/04/2008 Ian Duthie 23/04/2008 06 August 2026 The principal activity of the Company during the financial year was the providing advice on safety issues and repair work in relation to the movement of rigs.
The company also owns a small fishing vessel. SC341801 2026-04-05 SC341801 bus:Director1 2026-04-05 SC341801 bus:Director2 2026-04-05 SC341801 2025-04-05 SC341801 core:CurrentFinancialInstruments 2026-04-05 SC341801 core:CurrentFinancialInstruments 2025-04-05 SC341801 core:Non-currentFinancialInstruments 2026-04-05 SC341801 core:Non-currentFinancialInstruments 2025-04-05 SC341801 core:ShareCapital 2026-04-05 SC341801 core:ShareCapital 2025-04-05 SC341801 core:RetainedEarningsAccumulatedLosses 2026-04-05 SC341801 core:RetainedEarningsAccumulatedLosses 2025-04-05 SC341801 core:Vehicles 2025-04-05 SC341801 core:ComputerEquipment 2025-04-05 SC341801 core:OtherPropertyPlantEquipment 2025-04-05 SC341801 core:Vehicles 2026-04-05 SC341801 core:ComputerEquipment 2026-04-05 SC341801 core:OtherPropertyPlantEquipment 2026-04-05 SC341801 bus:OrdinaryShareClass1 2026-04-05 SC341801 2025-04-06 2026-04-05 SC341801 bus:FilletedAccounts 2025-04-06 2026-04-05 SC341801 bus:SmallEntities 2025-04-06 2026-04-05 SC341801 bus:AuditExemptWithAccountantsReport 2025-04-06 2026-04-05 SC341801 bus:PrivateLimitedCompanyLtd 2025-04-06 2026-04-05 SC341801 bus:Director1 2025-04-06 2026-04-05 SC341801 bus:Director2 2025-04-06 2026-04-05 SC341801 core:Vehicles 2025-04-06 2026-04-05 SC341801 core:ComputerEquipment core:TopRangeValue 2025-04-06 2026-04-05 SC341801 core:OtherPropertyPlantEquipment core:BottomRangeValue 2025-04-06 2026-04-05 SC341801 core:OtherPropertyPlantEquipment core:TopRangeValue 2025-04-06 2026-04-05 SC341801 2024-04-06 2025-04-05 SC341801 core:ComputerEquipment 2025-04-06 2026-04-05 SC341801 core:OtherPropertyPlantEquipment 2025-04-06 2026-04-05 SC341801 core:Non-currentFinancialInstruments 2025-04-06 2026-04-05 SC341801 bus:OrdinaryShareClass1 2025-04-06 2026-04-05 SC341801 bus:OrdinaryShareClass1 2024-04-06 2025-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC341801 (Scotland)

# DUTHIE ENTERPRISES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 05 APRIL 2026
PAGES FOR FILING WITH THE REGISTRAR

DUTHIE ENTERPRISES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2026

Contents

DUTHIE ENTERPRISES LIMITED

## BALANCE SHEET

AS AT 05 APRIL 2026
DUTHIE ENTERPRISES LIMITED

## BALANCE SHEET (continued)

AS AT 05 APRIL 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 21,790 |  | 28,824
|  | 21,790 |  | 28,824
Current assets |  |  |  |
Debtors | 4 | 5,985 |  | 28,318
Cash at bank and in hand |  | 52,704 |  | 35,388
|  | 58,689 |  | 63,706
Creditors: amounts falling due within one year | 5 | ( 15,748) |  | ( 16,619)
Net current assets |  | 42,941 |  | 47,087
Total assets less current liabilities |  | 64,731 |  | 75,911
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 1,694)
Provision for liabilities |  | ( 5,426) |  | ( 7,050)
Net assets |  | 59,305 |  | 67,167
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 59,205 |  | 67,067
Total shareholders' funds |  | 59,305 |  | 67,167

For the financial year ending 05 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Duthie Enterprises Limited (registered number: SC341801) were approved and authorised for issue by the Board of Directors on 06 August 2026. They were signed on its behalf by:

Ian Duthie Director |

DUTHIE ENTERPRISES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2026
DUTHIE ENTERPRISES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Duthie Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Ian Duthie, 22 Brucklay Street, Rosehearty, AB43 7JN, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents the fair value of consideration receivable for services provided and goods sold during the year.
Revenue from the provision of safety services and repair work in relation to the movement of rigs is recognised when the services has been performed and company has satisfied its performance obligations.
Revenue from the sale of Shellfish caught by the fishing boat is recognised at the point of the when control of the goods passes to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 25 % reducing balance
Computer equipment | 4 years straight line
Other property, plant and equipment | 5 - 16 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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 assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.
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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Vehicles |  | Computer equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 06 April 2025 | 28,078 |  | 4,395 |  | 28,176 |  | 60,649
At 05 April 2026 | 28,078 |  | 4,395 |  | 28,176 |  | 60,649
Accumulated depreciation |  |  |  |  |  |  |
At 06 April 2025 | 13,105 |  | 2,828 |  | 15,892 |  | 31,825
Charge for the financial year | 3,743 |  | 829 |  | 2,462 |  | 7,034
At 05 April 2026 | 16,848 |  | 3,657 |  | 18,354 |  | 38,859
Net book value |  |  |  |  |  |  |
At 05 April 2026 | 11,230 |  | 738 |  | 9,822 |  | 21,790
At 05 April 2025 | 14,973 |  | 1,567 |  | 12,284 |  | 28,824

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 0 |  | 19,475
Other debtors | 5,985 |  | 8,843
| 5,985 |  | 28,318

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 193 |  | 37
Taxation and social security | 11,024 |  | 11,609
Obligations under finance leases and hire purchase contracts | 1,694 |  | 2,724
Other creditors | 2,837 |  | 2,249
| 15,748 |  | 16,619

The hire purchase contracts are secured over the asset it relates to.

#### 6. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Obligations under finance leases and hire purchase contracts | 0 |  | 1,694

The hire purchase contracts are secured over the asset it relates to.

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Related party transactions

Transactions with the entity's directors

| 2026 |  | 2025
| £ |  | £
Amounts due from directors | 4,195 |  | 4,640

This loan is interest free and was fully repaid within 9 months of the year end.