Duncan Cameron & Hutchinson Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00487967 (England and Wales)

DUNCAN CAMERON & HUTCHINSON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Last

M R Porter

REGISTERED OFFICE:

Eastern House

Priors Way

Coggeshall

Essex

CO6 1TW

REGISTERED NUMBER:

00487967 (England and Wales)

SENIOR STATUTORY
AUDITOR:

Steven Williams

AUDITORS:

Murray Smith LLP

Chartered Accountants

Statutory Auditors

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Tangible assets

4

1,019,311

966,118

Investments

5

101

1,019,412

966,219

CURRENT ASSETS

Debtors

6

1,210,156

1,151,456

Cash at bank

1,906,894

2,782,230

3,117,050

3,933,686

CREDITORS

Amounts falling due within one year

7

2,200,498

3,100,850

NET CURRENT ASSETS

916,552

832,836

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,935,964

1,799,055

CREDITORS

Amounts falling due after more than one
year

8

(479,884

)

(483,794

)

PROVISIONS FOR LIABILITIES

(196,438

)

(132,279

)

NET ASSETS

1,259,642

1,182,982

CAPITAL AND RESERVES

Called up share capital

10

12,500

Share premium

9,723

Revaluation reserve

11

415,112

Capital redemption reserve

40,000

Profit and loss account

782,307

705,647

SHAREHOLDERS' FUNDS

1,259,642

1,182,982

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 26 November 2025 and were signed on its behalf by:

S J Last - Director

M R Porter - Director

1.	STATUTORY INFORMATION

Duncan Cameron & Hutchinson Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Duncan Cameron & Hutchinson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the amount receivable for goods sold and services rendered, excluding Value Added Tax.

Revenue from contracts is recognised by reference to the stage of completion of the contract, at the end of the reporting period, provided that the outcome can be reliably measured, including the amount of revenue, the stage of completion, the costs incurred, the costs to complete the contract and that it is probable that the company will receive the consideration due under the contract. The stage of completion of the contract at the end of the reporting period is determined by surveys of the work performed.

Gross amounts due from customers for contract work is shown as a debtor. The amount due comprises costs incurred plus profits less the sum of recognised losses and progress billings. Gross amounts due to customers for contract work is where the sum of recognised losses and progress billings exceeds costs incurred plus recognised profits and this amount is shown as a creditor.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant, equipment and tools

-

12.5% on cost

Motor vehicles

-

20% on cost

Office equipment

-

20% to 33.3% on cost

Freehold property is included at fair value at the date of the most recent valuation, less any subsequent accumulated depreciation. Gains are recognised in other comprehensive income and accumulated in the revaluation reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Freehold land is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are initially recognised at cost. After initial recognition, investments in subsidiary undertakings are measured at cost less any accumulated impairment losses.

Financial instruments

Basic financial assets and liabilities are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

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 commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs

The company makes contributions to employees' personal pension schemes. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

Freehold

equipment

Motor

Office

property

and tools

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 March 2024

740,000

208,318

345,507

11,881

1,305,706

Additions

-

2,196

142,908

3,510

148,614

Disposals

-

(69,195

)

-

(69,195

)

At 28 February 2025

740,000

210,514

419,220

15,391

1,385,125

DEPRECIATION

At 1 March 2024

9,250

100,346

227,504

2,488

339,588

Charge for year

11,100

16,981

58,374

3,702

90,157

Eliminated on disposal

-

(63,931

)

-

(63,931

)

At 28 February 2025

20,350

117,327

221,947

6,190

365,814

NET BOOK VALUE

At 28 February 2025

719,650

93,187

197,273

9,201

1,019,311

At 29 February 2024

730,750

107,972

118,003

9,393

966,118

Included in cost or valuation of land and buildings is freehold land of £ 185,000 (2024 - £ 185,000 ) which is not depreciated.

Cost or valuation at 28 February 2025 is represented by:

Plant,

Freehold

equipment

Motor

Office

property

and tools

vehicles

equipment

Totals

£

Valuation in 2022

114,725

-

114,725

Valuation in 2023

160,000

-

160,000

Cost

465,275

210,514

419,220

15,391

1,110,400

740,000

210,514

419,220

15,391

1,385,125

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

465,275

Aggregate depreciation

154,544

147,238

Value of land in freehold land and buildings

100,000

Freehold property was valued on an open market basis on 19 April 2023 by Eddisons .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

101

NET BOOK VALUE

At 28 February 2025

101

At 29 February 2024

101

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Gross amounts due from customers for
contract work

116,091

-

Trade debtors

659,840

669,736

Amounts owed by group undertakings

5,988

Other debtors

45,191

89,744

Prepayments

80,300

71,549

907,410

837,017

Amounts falling due after more than one year:

Trade debtors

302,746

314,439

Aggregate amounts

1,210,156

1,151,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loan

17,053

15,350

Hire purchase contracts

54,797

62,849

Trade creditors

638,804

1,058,336

Amounts owed to group undertakings

6,958

66,958

Corporation tax

21,086

173,285

Social security and other taxes

70,452

64,241

Gross amounts due to customers for contract
work

334,364

1,092,320

Accruals

1,056,984

567,511

2,200,498

3,100,850

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loan falling due between

one and two years

18,327

16,573

Bank loan falling due between

two and five years

63,611

58,066

Bank loan falling due in more

than five years

278,223

302,766

Hire purchase contracts

119,723

106,389

479,884

483,794

Amounts falling due in more than five years:

Repayable by instalments

Bank loan falling due in more

than five years

278,223

302,766

278,223

302,766

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

377,214

392,755

Hire purchase contracts

174,520

169,238

551,734

561,993

The bank holds a first legal charge over the property owned by the company, together with a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

12,500

Ordinary

£1

12,500

11.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

415,112

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)

for and on behalf of Murray Smith LLP

13.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £43,754 (2024 : £56,087).

14.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of DC&H Holdings Limited. The registered office and principal place of business of the parent company is Eastern House, Priors Way, Coggeshall, Colchester, Essex, CO6 1TW.

The ultimate parent company is PL Holdings Eastern Ltd. The registered office and principal place of business of the ultimate parent company is Eastern House, Priors Way, Coggeshall, Essex, CO6 1TW.