Registered number
03132927
Duplex CSA Limited
Unaudited Filleted Accounts
31 December 2023
Duplex CSA Limited
Registered number: 03132927
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,186 2,834
Current assets
Stocks 2,027 3,218
Debtors 4 77,975 111,968
Cash at bank and in hand 65,241 108,090
145,243 223,276
Creditors: amounts falling due within one year 5 (42,122) (101,991)
Net current assets 103,121 121,285
Total assets less current liabilities 104,307 124,119
Provisions for liabilities (225) (538)
Net assets 104,082 123,581
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,982 123,481
Shareholders' funds 104,082 123,581
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Payne
Director
Approved by the board on 25 March 2024
Duplex CSA Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
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:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2023 6,884
At 31 December 2023 6,884
Depreciation
At 1 January 2023 4,050
Charge for the year 1,648
At 31 December 2023 5,698
Net book value
At 31 December 2023 1,186
At 31 December 2022 2,834
4 Debtors 2023 2022
£ £
Trade debtors 62,858 96,046
Other debtors 15,117 15,922
77,975 111,968
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 32,759 80,125
Taxation and social security costs 2,698 12,748
Other creditors 6,665 9,118
42,122 101,991
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 14,208 22,498
7 Controlling party
The company is a wholly owned subsidiary of Duplex CSA Holdings Limited, a company registered in England and Wales, and R J Payne is the ultimate controlloing party as the majority shareholder of Duplex CSA Holdings Limited.
8 Other information
Duplex CSA Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Cabot House
Compass Point Business Park
Stocks Bridge Way
St. Ives
PE27 5JL
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