William Duce Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04758199

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		155,851		95,106

			155,851		95,106
CURRENT ASSETS
Stocks	6	5,750		2,440
Debtors	7	504,997		367,591
Cash at bank and in hand		307,341		77,045

		818,088		447,076
Creditors: Amounts Falling Due Within One Year	8	(466,120 )		(216,073 )

NET CURRENT ASSETS (LIABILITIES)			351,968		231,003

TOTAL ASSETS LESS CURRENT LIABILITIES			507,819		326,109

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(39,000 )		(24,000 )

NET ASSETS			468,819		302,109

CAPITAL AND RESERVES
Called up share capital	10		302		302
Profit and Loss Account			468,517		301,807

SHAREHOLDERS' FUNDS			468,819		302,109

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William Duce Limited

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 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.

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 C Duce

Director

4 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

William Duce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04758199 . The registered office is Unit 4b Swinton Meadows Industrial Estate, Swinton, Mexborough, S64 8AB. The principal activity of the company during the year was the provision of commercial plumbing services.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five 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:

Leasehold	5 years straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% 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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William Duce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

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. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2025: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2025	30,000

As at 31 May 2026	30,000

Amortisation
As at 1 June 2025	30,000

As at 31 May 2026	30,000

Net Book Value
As at 31 May 2026	-

As at 1 June 2025	-

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William Duce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2025	20,417	24,970	201,583	8,553	255,523
Additions	-	-	99,078	3,455	102,533
Disposals	-	-	(18,461 )	-	(18,461 )

As at 31 May 2026	20,417	24,970	282,200	12,008	339,595

Depreciation
As at 1 June 2025	20,417	22,150	111,671	6,179	160,417
Provided during the period	-	601	35,408	1,397	37,406
Disposals	-	-	(14,079 )	-	(14,079 )

As at 31 May 2026	20,417	22,751	133,000	7,576	183,744

Net Book Value
As at 31 May 2026	-	2,219	149,200	4,432	155,851

As at 1 June 2025	-	2,820	89,912	2,374	95,106

6. Stocks

	2026	2025
	£	£
Stock	5,750	2,440

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	496,068	359,114
Other debtors	8,929	8,477

	504,997	367,591

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	41,492	69,429
Amounts owed to group undertakings	172,132	-
Other creditors	33,104	57,043
Taxation and social security	219,392	89,601

	466,120	216,073

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William Duce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	39,000	24,000

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	302	302

11. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	148,000	398,000

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