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Registration number: 06030855

Duplex Corporate Communications Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Duplex Corporate Communications Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Duplex Corporate Communications Limited

Company Information

Director

Mr Jason Robin Begbie

Registered office

Loudwater House
London Road
High Wycombe
Bucks
HP10 9TL

Accountants

AIMS Accountants for Business 36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

 

Duplex Corporate Communications Limited

(Registration number: 06030855)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

18,276

2,543

Current assets

 

Stocks

6

178,073

350,000

Debtors

7

136,365

254,559

Cash at bank and in hand

 

594,390

411,168

 

908,828

1,015,727

Creditors: Amounts falling due within one year

8

(301,721)

(331,225)

Net current assets

 

607,107

684,502

Total assets less current liabilities

 

625,383

687,045

Creditors: Amounts falling due after more than one year

8

(132,518)

(168,667)

Net assets

 

492,865

518,378

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

492,863

518,376

Shareholders' funds

 

492,865

518,378

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2025
 

.........................................
Mr Jason Robin Begbie
Director

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Loudwater House
London Road
High Wycombe
Bucks
HP10 9TL

These financial statements were authorised for issue by the director on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

6,092

848

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

16,223

7,983

24,206

Additions

1,288

20,537

21,825

At 31 January 2025

17,511

28,520

46,031

Depreciation

At 1 February 2024

13,680

7,983

21,663

Charge for the year

958

5,134

6,092

At 31 January 2025

14,638

13,117

27,755

Carrying amount

At 31 January 2025

2,873

15,403

18,276

At 31 January 2024

2,543

-

2,543

6

Stocks

2025
£

2024
£

Other inventories

178,073

350,000

7

Debtors

Current

2025
£

2024
£

Trade debtors

135,530

253,531

Prepayments

835

1,028

 

136,365

254,559

8

Creditors

Creditors: amounts falling due within one year

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

36,148

36,148

Trade creditors

 

179,471

212,120

Taxation and social security

 

81,026

77,492

Accruals and deferred income

 

748

748

Other creditors

 

4,328

4,717

 

301,721

331,225

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

132,518

168,667

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

132,518

168,667

Current loans and borrowings

2025
£

2024
£

Bank borrowings

36,148

36,148

11

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £45,500.00 (2024 - £48,750.00) per each Ordinary

91,000

97,500

 

 

12

Related party transactions

 

Duplex Corporate Communications Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,570

12,570