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REGISTERED NUMBER: 06294082 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Duxback Limited

Duxback Limited (Registered number: 06294082)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Duxback Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs L Edgell





SECRETARY: Stafford House Secretarial Services Ltd





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
TAUNTON
Somerset
TA1 2PX





REGISTERED NUMBER: 06294082 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Duxback Limited (Registered number: 06294082)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,528 3,277
Tangible assets 5 35,943 49,004
38,471 52,281

CURRENT ASSETS
Stocks 5,498 28,519
Debtors 6 646,574 624,204
Cash at bank 207,856 195,473
859,928 848,196
CREDITORS
Amounts falling due within one year 7 482,078 453,195
NET CURRENT ASSETS 377,850 395,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,321

447,282

CREDITORS
Amounts falling due after more than one
year

8

37,925

57,942
NET ASSETS 378,396 389,340

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 378,394 389,338
SHAREHOLDERS' FUNDS 378,396 389,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 November 2024 and were signed by:





Mrs L Edgell - Director


Duxback Limited (Registered number: 06294082)

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

1. STATUTORY INFORMATION

Duxback 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.

Critical accounting estimates and judgements
The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

Trademark are being amortised evenly over their estimated useful life of ten 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 - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
The company has only assets and liabilities that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at settlement value.

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.


Duxback Limited (Registered number: 06294082)

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 20,000 7,485 27,485
AMORTISATION
At 1 July 2023 20,000 4,208 24,208
Charge for year - 749 749
At 30 June 2024 20,000 4,957 24,957
NET BOOK VALUE
At 30 June 2024 - 2,528 2,528
At 30 June 2023 - 3,277 3,277

Duxback Limited (Registered number: 06294082)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 - 86,030 7,693 93,723
Additions 1,272 - - 1,272
Disposals - (15,199 ) - (15,199 )
At 30 June 2024 1,272 70,831 7,693 79,796
DEPRECIATION
At 1 July 2023 - 37,442 7,277 44,719
Charge for year 139 6,992 161 7,292
Eliminated on disposal - (8,158 ) - (8,158 )
At 30 June 2024 139 36,276 7,438 43,853
NET BOOK VALUE
At 30 June 2024 1,133 34,555 255 35,943
At 30 June 2023 - 48,588 416 49,004

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 218,842 220,000
Bluechem GB Limited - 871
Directors' current accounts 350,494 318,185
Prepayments 644 987
569,980 540,043

Amounts falling due after more than one year:
Amounts owed by participating interests - 7,567
Tax 76,594 76,594
76,594 84,161

Aggregate amounts 646,574 624,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,050 27,359
Hire purchase contracts (see note 9) 6,101 8,161
Trade creditors 151,212 252,268
Amounts owed to participating interests 10,985 -
Tax 53,978 65,778
Social security and other taxes - 3,381
VAT 33,032 28,607
Other creditors 335 230
Accruals and deferred income 134,870 67,411
Accrued expenses 38,515 -
482,078 453,195

Duxback Limited (Registered number: 06294082)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 10,833 23,412
Hire purchase contracts (see note 9) 27,092 34,530
37,925 57,942

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 6,101 8,161
Between one and five years 27,092 34,530
33,193 42,691

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J J J Edgell (Dec'd) and Mrs L Edgell
Balance outstanding at start of year 310,945 286,197
Amounts advanced 128,621 121,060
Amounts repaid (96,312 ) (96,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 343,254 310,945

Interest at a rate of 2.25% has been charged on the loan balance which is repayable on demand.