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REGISTERED NUMBER: 09018590 (England and Wales)















DUO TECHNOLOGY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






DUO TECHNOLOGY LTD (REGISTERED NUMBER: 09018590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUO TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr C A W Bailey
Mrs A C Bailey





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 09018590 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

DUO TECHNOLOGY LTD (REGISTERED NUMBER: 09018590)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 79,264 21,326

CURRENT ASSETS
Debtors 5 77,630 29,925
Cash at bank and in hand 46,216 72,432
123,846 102,357
CREDITORS
Amounts falling due within one year 6 (62,739 ) (65,216 )
NET CURRENT ASSETS 61,107 37,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,371

58,467

CREDITORS
Amounts falling due after more than one
year

7

(56,813

)

-
NET ASSETS 83,558 58,467

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 83,358 58,267
SHAREHOLDERS' FUNDS 83,558 58,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DUO TECHNOLOGY LTD (REGISTERED NUMBER: 09018590)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 2 September 2024 and were signed on its behalf by:




Mr C A W Bailey - Director



Mrs A C Bailey - Director


DUO TECHNOLOGY LTD (REGISTERED NUMBER: 09018590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Duo Technology Ltd 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.

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.
Improvements to property - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixture & Motor Computer
property Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 32,296 1,889 - 17,347 51,532
Additions - - 78,185 6,333 84,518
Disposals - - - (314 ) (314 )
At 30 November 2023 32,296 1,889 78,185 23,366 135,736
DEPRECIATION
At 1 December 2022 23,781 566 - 5,859 30,206
Charge for year 2,129 331 19,546 4,417 26,423
Eliminated on disposal - - - (157 ) (157 )
At 30 November 2023 25,910 897 19,546 10,119 56,472
NET BOOK VALUE
At 30 November 2023 6,386 992 58,639 13,247 79,264
At 30 November 2022 8,515 1,323 - 11,488 21,326

DUO TECHNOLOGY LTD (REGISTERED NUMBER: 09018590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,466 29,666
Amounts owed by group undertakings 5,222 -
Directors' current accounts 13,667 -
Prepayments 275 259
77,630 29,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,521 -
Corporation Tax 14,544 39,249
VAT 39,174 22,913
Directors' current accounts - 690
Accrued expenses 1,500 2,364
62,739 65,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 56,813 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C A W Bailey.