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REGISTERED NUMBER: 02996589 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

DUROSE LIMITED

DUROSE LIMITED (REGISTERED NUMBER: 02996589)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DUROSE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T DuRose
R DuRose



SECRETARY: R DuRose



REGISTERED OFFICE: 33-35 Adams Street
Nechells
Birmingham
West Midlands
B7 4LT



REGISTERED NUMBER: 02996589 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Barclays
534 Coventry Road
Birmingham
B10 0UP

DUROSE LIMITED (REGISTERED NUMBER: 02996589)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,327 46,277

CURRENT ASSETS
Stocks 30,756 26,550
Debtors 5 347,963 262,261
Cash at bank and in hand 454,795 493,159
833,514 781,970
CREDITORS
Amounts falling due within one year 6 206,433 153,746
NET CURRENT ASSETS 627,081 628,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,408

674,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 712,308 674,401
SHAREHOLDERS' FUNDS 712,408 674,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 16 May 2024 and were signed on its behalf by:





T DuRose - Director


DUROSE LIMITED (REGISTERED NUMBER: 02996589)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DuRose 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.

Turnover
Turnover represents net invoiced sales for goods & services, excluding value added tax.

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 - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

DUROSE LIMITED (REGISTERED NUMBER: 02996589)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 3,612 69,867 32,437 61,278 167,194
Additions - 14,341 2,197 45,226 61,764
At 31 December 2023 3,612 84,208 34,634 106,504 228,958
DEPRECIATION
At 1 January 2023 3,251 54,625 23,170 39,871 120,917
Charge for year 36 4,437 1,583 16,658 22,714
At 31 December 2023 3,287 59,062 24,753 56,529 143,631
NET BOOK VALUE
At 31 December 2023 325 25,146 9,881 49,975 85,327
At 31 December 2022 361 15,242 9,267 21,407 46,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 290,593 216,642
Other debtors 57,370 45,619
347,963 262,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 204,045 120,332
Taxation and social security (22,513 ) 1,733
Other creditors 24,901 31,681
206,433 153,746

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T duRose, Mrs C duRose, and Mr RduRose.