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REGISTERED NUMBER: 09535299















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Dual Works Limited

The Dual Works Limited (Registered number: 09535299)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Dual Works Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S A Snell
Ms Z I Robertson



SECRETARY: Ms Z I Robertson



REGISTERED OFFICE: 339
Clay Lane
Birmingham
West Midlands
B26 1ES



REGISTERED NUMBER: 09535299



ACCOUNTANTS: Skeh Accountants Limited
61B
Caroline Street
The Jewellery Quarter
Birmingham
West Midlands
B3 1UF



BANKERS: Virgin Money

The Dual Works Limited (Registered number: 09535299)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,490 58,864

CURRENT ASSETS
Stocks 67,000 -
Debtors 5 14,873 23,351
Cash at bank 11,443 12,664
93,316 36,015
CREDITORS
Amounts falling due within one year 6 51,979 28,628
NET CURRENT ASSETS 41,337 7,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,827

66,251

CREDITORS
Amounts falling due after more than
one year

7

91,398

44,398
NET ASSETS 12,429 21,853

The Dual Works Limited (Registered number: 09535299)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
RESERVES
Retained earnings 12,429 21,853
12,429 21,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 January 2025 and were signed on its behalf by:




Ms Z I Robertson - Director



S A Snell - Director


The Dual Works Limited (Registered number: 09535299)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Dual Works Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

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.


The Dual Works Limited (Registered number: 09535299)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 58,864
Additions 3,626
At 30 April 2024 62,490
NET BOOK VALUE
At 30 April 2024 62,490
At 30 April 2023 58,864

The Dual Works Limited (Registered number: 09535299)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,272 21,133
Other debtors 12,601 2,218
14,873 23,351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 512 -
Trade creditors 16,140 -
Taxation and social security - 4,001
Other creditors 35,327 24,627
51,979 28,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 91,398 44,398