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REGISTERED NUMBER: 06917677 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DUAL INVENTIVE LIMITED

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUAL INVENTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J D Jackson
Dual Inventive Europe Bv





SECRETARY:





REGISTERED OFFICE: Unit 3, Kestrel Court
First Avenue
Doncaster
DN9 3RN





REGISTERED NUMBER: 06917677 (England and Wales)





AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 760,722 816,497

CURRENT ASSETS
Stocks 1,694,260 2,061,023
Debtors 6 4,012,549 5,080,097
Cash at bank 1,303,793 1,523,660
7,010,602 8,664,780
CREDITORS
Amounts falling due within one year 7 4,246,868 4,229,956
NET CURRENT ASSETS 2,763,734 4,434,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,524,456

5,251,321

CREDITORS
Amounts falling due after more than one
year

8

(2,635,494

)

(3,577,815

)

PROVISIONS FOR LIABILITIES 10 (46,841 ) (72,473 )
NET ASSETS 842,121 1,601,033

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 842,021 1,600,933
SHAREHOLDERS' FUNDS 842,121 1,601,033

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 28 May 2024 and were signed on its behalf by:




J D Jackson - Director



Dual Inventive Europe Bv - Director


DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dual Inventive 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.

The presentation currency of the financial statements is the Pound Sterling (£).


These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services, excluding discounts, rebates, value added tax and other sales taxes.

With regards to the provision of services which are performed by a number of indeterminate acts over a specified period of time, revenue is recognised on a straight line basis over the specified period.

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 etc - 33% on cost, 20% on cost, 10% on cost and 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company's loans receivable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.


DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 927,836
Additions 44,969
At 31 December 2023 972,805
DEPRECIATION
At 1 January 2023 111,339
Charge for year 100,744
At 31 December 2023 212,083
NET BOOK VALUE
At 31 December 2023 760,722
At 31 December 2022 816,497

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 302,253 370,966
Amounts owed by group undertakings 3,630,442 4,345,847
Other debtors 79,854 363,284
4,012,549 5,080,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,355 21,465
Amounts owed to group undertakings 258,023 56,945
Taxation and social security 290,034 132,351
Other creditors 3,681,456 4,019,195
4,246,868 4,229,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 2,635,494 3,577,815

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 169,367 165,290
Between one and five years 562,925 338,794
In more than five years 307,017 -
1,039,309 504,084

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,841 72,473

Deferred
tax
£   
Balance at 1 January 2023 72,473
Credit to Income Statement during year (25,632 )
Balance at 31 December 2023 46,841

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited

13. PARENT UNDERTAKING AND ULTIMATE HOLDING COMPANY

The company's parent undertaking is Dual Inventive Europe BV, a company incorporated in the Netherlands.

The company's ultimate holding company is Dual Inventive Holdings BV, a company incorporated in the Netherlands.