REGISTERED NUMBER: SC299459 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Peter Duncan Building Contractors

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Duncan

REGISTERED OFFICE:

25a Market Place

Inverurie

AB51 3PU

REGISTERED NUMBER:

SC299459 (Scotland)

ACCOUNTANTS:

SBP

Accountants

25a Market Place

Inverurie

AB51 3PU

FIXED ASSETS

Tangible assets

4

65,530

59,493

Investments

5

-

50

65,530

59,543

CURRENT ASSETS

Stocks

-

6,450

Debtors

6

35,386

70,755

Cash in hand

-

200

35,386

77,405

CREDITORS

Amounts falling due within one year

7

51,172

106,267

NET CURRENT LIABILITIES

(15,786

)

(28,862

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,744

30,681

CREDITORS

Amounts falling due after more than one year

8

(25,560

)

(24,750

)

PROVISIONS FOR LIABILITIES

(8,076

)

-

NET ASSETS

16,108

5,931

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,008

5,831

16,108

5,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2026 and were signed by:

Mr P J Duncan - Director

1.	STATUTORY INFORMATION

Peter Duncan Building 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.

At 30 April 2025 the company's liabilities exceeded its total assets. The financial statements have been

prepared on the going concern basis which assumes the company will continue to in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the director.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

136,043

1,542

57,754

1,524

196,863

Additions

-

-

36,260

-

36,260

Disposals

(37,207

)

-

(36,169

)

(277

)

(73,653

)

At 30 April 2025

98,836

1,542

57,845

1,247

159,470

DEPRECIATION

At 1 May 2024

85,565

674

49,630

1,501

137,370

Charge for year

11,596

217

9,959

4

21,776

Eliminated on disposal

(33,312

)

-

(31,621

)

(273

)

(65,206

)

At 30 April 2025

63,849

891

27,968

1,232

93,940

NET BOOK VALUE

At 30 April 2025

34,987

651

29,877

15

65,530

At 30 April 2024

50,478

868

8,124

23

59,493

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

50

Disposals

(50

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

35,258

70,755

Other debtors

128

-

35,386

70,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5,639

5,231

Hire purchase contracts

19,337

11,000

Trade creditors

-

24,712

Taxation and social security

21,061

7,502

Other creditors

5,135

57,822

51,172

106,267

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

25,560

24,750

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Mr P J Duncan

Balance outstanding at start of year

10,451

340

Amounts advanced

69,018

18,952

Amounts repaid

(79,175

)

(8,841

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

294

10,451

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the share capital.