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REGISTERED NUMBER: 06882550 (England and Wales)















DOVETAIL TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)






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


DOVETAIL TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr M J Relf





REGISTERED OFFICE: 16 Searby Road
Sutton in Ashfield
Nottinghamshire
NG17 5JR





REGISTERED NUMBER: 06882550 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 279,509 279,509
Tangible assets 5 55,776 70,817
335,285 350,326

CURRENT ASSETS
Debtors 6 19,011 41,897
Cash at bank 3,197 90,883
22,208 132,780
CREDITORS
Amounts falling due within one year 7 72,607 100,428
NET CURRENT (LIABILITIES)/ASSETS (50,399 ) 32,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,886

382,678

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 231,000 231,000
Retained earnings 8 53,885 151,677
284,886 382,678

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 director acknowledges his 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.

DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 23 January 2025 and were signed by:





Mr M J Relf - Director


DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Dovetail Technology 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 (£).


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 as modified by the revaluation of certain assets.

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 market value by the Director.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures Fittings & Equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Other
intangibl
assets
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 279,509
NET BOOK VALUE
At 30 April 2024 279,509
At 30 April 2023 279,509

Cost or valuation at 30 April 2024 is represented by:

Other
intangibl
assets
£   
Valuation in 2023 231,000
Cost 48,509
279,509

5. TANGIBLE FIXED ASSETS
Fixtures
Fittings Motor
& Equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 118,656 33,982 152,638
Disposals (2,200 ) - (2,200 )
At 30 April 2024 116,456 33,982 150,438
DEPRECIATION
At 1 May 2023 73,326 8,495 81,821
Charge for year 6,469 6,372 12,841
At 30 April 2024 79,795 14,867 94,662
NET BOOK VALUE
At 30 April 2024 36,661 19,115 55,776
At 30 April 2023 45,330 25,487 70,817

DOVETAIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 06882550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 9,460
Other debtors 19,011 32,437
19,011 41,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 70,077 70,147
Taxation and social security 1,143 27,098
Other creditors 1,387 3,183
72,607 100,428

8. RESERVES

Profit and loss reserves include undistributable reserves of £231,000 (2023: £231,000) relating to the revaluation of intangible assets (patents).

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £85,000 (2023 - £15,500) were paid to the director .