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REGISTERED NUMBER: 11866693 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DUET3D LIMITED

DUET3D LIMITED (REGISTERED NUMBER: 11866693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUET3D LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J A Crocker
Dr D Crocker
R R Lock
A R Lock





REGISTERED OFFICE: Workspace House
28/29 Maxwell Road
Peterborough
United Kingdom
PE2 7JE





REGISTERED NUMBER: 11866693 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

DUET3D LIMITED (REGISTERED NUMBER: 11866693)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 490 490
Tangible assets 5 2,518 5,088
3,008 5,578

CURRENT ASSETS
Stocks 677,573 749,130
Debtors 6 90,968 116,434
Cash at bank 104,113 78,216
872,654 943,780
CREDITORS
Amounts falling due within one
year

7

290,065

272,364
NET CURRENT ASSETS 582,589 671,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,597

676,994

CREDITORS
Amounts falling due after more
than one year

8

(17,365

)

(27,442

)

PROVISIONS FOR LIABILITIES - (967 )
NET ASSETS 568,232 648,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 568,132 648,485
568,232 648,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DUET3D LIMITED (REGISTERED NUMBER: 11866693)

BALANCE SHEET - continued
31 MARCH 2024


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 14 October 2024 and were signed on its behalf by:





R R Lock - Director


DUET3D LIMITED (REGISTERED NUMBER: 11866693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Duet3d 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DUET3D LIMITED (REGISTERED NUMBER: 11866693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 490
NET BOOK VALUE
At 31 March 2024 490
At 31 March 2023 490

DUET3D LIMITED (REGISTERED NUMBER: 11866693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 16,854
DEPRECIATION
At 1 April 2023 11,766
Charge for year 2,570
At 31 March 2024 14,336
NET BOOK VALUE
At 31 March 2024 2,518
At 31 March 2023 5,088

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,651 56,541
Other debtors 67,317 59,893
90,968 116,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,077 10,343
Trade creditors 88,632 41,207
Amounts owed to group undertakings 178,945 190,121
Taxation and social security 697 834
Other creditors 11,714 29,859
290,065 272,364

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 17,365 27,442

DUET3D LIMITED (REGISTERED NUMBER: 11866693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R R Lock
Balance outstanding at start of year (557 ) (333 )
Amounts advanced - 1,153
Amounts repaid (83 ) (1,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (640 ) (557 )

A R Lock
Balance outstanding at start of year (175 ) (544 )
Amounts advanced 13 1,357
Amounts repaid (462 ) (988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) (175 )

Dr D Crocker
Balance outstanding at start of year (30 ) -
Amounts repaid (107 ) (30 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (137 ) (30 )