Acorah Software Products - Accounts Production 16.0.110 false true true 21 February 2023 22 February 2022 false 22 February 2023 21 February 2024 21 February 2024 11532472 Mr James Muirhead Mr David Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11532472 2023-02-21 11532472 2024-02-21 11532472 2023-02-22 2024-02-21 11532472 frs-core:CurrentFinancialInstruments 2024-02-21 11532472 frs-core:Non-currentFinancialInstruments 2024-02-21 11532472 frs-core:FurnitureFittings 2023-02-22 2024-02-21 11532472 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-22 2024-02-21 11532472 frs-core:ShareCapital 2024-02-21 11532472 frs-core:RetainedEarningsAccumulatedLosses 2024-02-21 11532472 frs-bus:PrivateLimitedCompanyLtd 2023-02-22 2024-02-21 11532472 frs-bus:FilletedAccounts 2023-02-22 2024-02-21 11532472 frs-bus:SmallEntities 2023-02-22 2024-02-21 11532472 frs-bus:AuditExemptWithAccountantsReport 2023-02-22 2024-02-21 11532472 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-22 2024-02-21 11532472 frs-bus:Director1 2023-02-22 2024-02-21 11532472 frs-bus:Director2 2023-02-22 2024-02-21 11532472 frs-countries:EnglandWales 2023-02-22 2024-02-21 11532472 2022-02-21 11532472 2023-02-21 11532472 2022-02-22 2023-02-21 11532472 frs-core:CurrentFinancialInstruments 2023-02-21 11532472 frs-core:Non-currentFinancialInstruments 2023-02-21 11532472 frs-core:ShareCapital 2023-02-21 11532472 frs-core:RetainedEarningsAccumulatedLosses 2023-02-21
Registered number: 11532472
Dualis Ltd
Financial Statements
For The Year Ended 21 February 2024
Gravitate Accounting
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Dualis Ltd For The Year Ended 21 February 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Dualis Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Dualis Ltd , as a body, in accordance with the terms of our engagement letter dated 17th May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Dualis Ltd and state those matters that we have agreed to state to the directors of Dualis Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dualis Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Dualis Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dualis Ltd . You consider that Dualis Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dualis Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
14/11/2024
Gravitate Accounting
Unit 13 E, 92 Burton Road
Sheffield
South Yorkshire
S3 8BX
Page 1
Page 2
Balance Sheet
Registered number: 11532472
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 778 -
778 -
CURRENT ASSETS
Debtors 4 28,196 27,681
Cash at bank and in hand 7,569 11,244
35,765 38,925
Creditors: Amounts Falling Due Within One Year 5 (19,465 ) (51,728 )
NET CURRENT ASSETS (LIABILITIES) 16,300 (12,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,078 (12,803 )
Creditors: Amounts Falling Due After More Than One Year 6 (16,370 ) (19,259 )
NET ASSETS/(LIABILITIES) 708 (32,062 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 608 (32,162 )
SHAREHOLDERS' FUNDS 708 (32,062)
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Page 3
For the year ending 21 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Walker
Director
14/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Dualis Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11532472 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight Line 10%
Fixtures & Fittings 20% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,196 27,681
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,889 2,889
Other creditors 16,576 48,839
19,465 51,728
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,370 19,259
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Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included within other creditors are loans to related parties amounting to £16,575.55 (2023: £47,519). These loans are unsecured, interest free and repayable on demand.
Included within other debtors are loans from related parties amounting to £23,336.72. These loans are unsecured, interest free and repayable on demand.
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