DULAI ENTERPRISES LIMITED

Company Registration Number:
07943931 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

DULAI ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

DULAI ENTERPRISES LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,356,006 1,394,982
Total fixed assets: 1,356,006 1,394,982
Current assets
Stocks: 9,260 7,500
Debtors:   1,120,765 282,949
Cash at bank and in hand: 36,644 458,178
Total current assets: 1,166,669 748,627
Creditors: amounts falling due within one year:   (117,927) (83,977)
Net current assets (liabilities): 1,048,742 664,650
Total assets less current liabilities: 2,404,748 2,059,632
Creditors: amounts falling due after more than one year:   (7,000) (7,000)
Provision for liabilities:   (18,086)
Total net assets (liabilities): 2,397,748 2,034,546
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,397,648 2,034,446
Shareholders funds: 2,397,748 2,034,546

The notes form part of these financial statements

DULAI ENTERPRISES LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 October 2023
and signed on behalf of the board by:

Name: Gurmail Singh Dulai
Status: Director

The notes form part of these financial statements

DULAI ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

DULAI ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 15 16

DULAI ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 1,726,017
At 28 February 2023 1,726,017
Depreciation
At 01 March 2022 331,035
Charge for year 38,976
At 28 February 2023 370,011
Net book value
At 28 February 2023 1,356,006
At 28 February 2022 1,394,982

DULAI ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Loans to directors

Name of director receiving advance or credit: G S Dulai
Description of the loan: Directors Loan Account
£
Balance at 01 March 2022 23,081
Advances or credits repaid: 5,406
Balance at 28 February 2023 17,675
Name of director receiving advance or credit: H K Dulai
Description of the loan: Directors Loan Account
£
Balance at 01 March 2022 23,081
Advances or credits repaid: 5,406
Balance at 28 February 2023 17,675