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REGISTERED NUMBER: 07186963 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th April 2024

for

Dua & Co Limited

Dua & Co Limited (Registered number: 07186963)






Contents of the Financial Statements
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dua & Co Limited

Company Information
For The Year Ended 30th April 2024







DIRECTORS: R K Dua
B A Gordon





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX





REGISTERED NUMBER: 07186963 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Dua & Co Limited (Registered number: 07186963)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,134 46,509
Tangible assets 5 84,726 105,601
88,860 152,110

CURRENT ASSETS
Stocks 51,094 45,216
Debtors 6 526,839 525,583
Cash at bank 34,044 95,523
611,977 666,322
CREDITORS
Amounts falling due within one year 7 239,992 235,038
NET CURRENT ASSETS 371,985 431,284
TOTAL ASSETS LESS CURRENT LIABILITIES 460,845 583,394

CREDITORS
Amounts falling due after more than one year 8 47,529 96,158
NET ASSETS 413,316 487,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 413,216 487,136
413,316 487,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 17th April 2025 and were signed on its behalf by:





R K Dua - Director


Dua & Co Limited (Registered number: 07186963)

Notes to the Financial Statements
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Dua & Co 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.

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 represents net invoiced Sales of services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Directors are happy they have supporting evidence in order to utilise such a long useful economic life

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.

Computer software is being amortised evenly over its estimated useful life of nil 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 etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Dua & Co Limited (Registered number: 07186963)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 638,000 8,600 646,600
AMORTISATION
At 1st May 2023 597,400 2,691 600,091
Charge for year 40,600 1,775 42,375
At 30th April 2024 638,000 4,466 642,466
NET BOOK VALUE
At 30th April 2024 - 4,134 4,134
At 30th April 2023 40,600 5,909 46,509

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 243,349
Additions 5,068
At 30th April 2024 248,417
DEPRECIATION
At 1st May 2023 137,748
Charge for year 25,943
At 30th April 2024 163,691
NET BOOK VALUE
At 30th April 2024 84,726
At 30th April 2023 105,601

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 143,915 175,229
Amounts owed by participating interests 87,629 268,664
Other debtors 245,219 81,690
476,763 525,583

Amounts falling due after more than one year:
S455 Tax 50,076 -

Aggregate amounts 526,839 525,583

Dua & Co Limited (Registered number: 07186963)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

6. DEBTORS - continued

Other debtors relates to prepayment, rent deposit and amount owed by director.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,702 76,431
Hire purchase contracts 13,576 13,576
Trade creditors 24,692 40,606
Taxation and social security 122,451 79,933
Other creditors 34,571 24,492
239,992 235,038

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 34,175 68,623
Hire purchase contracts 13,354 27,535
47,529 96,158

Bank loan relates to the CBILS Loan received in 2021 for £165,000. This is repayable under 5 years terms and guaranteed by government.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 11,527 43,256

The R Dua (CEO and sole shareholder) has guaranteed the Bank Overdraft and loan facilities in favour of Barclays Bank Plc.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2024, Mr R K Dua had an overdrawn directors loan account of £148,372.

11. RELATED PARTY DISCLOSURES

During the year, total dividend of £59,766 were paid to the Director, Mr R Dua.

The company has a licence with Rakesh Dua for the premises 5 Century Court, Tolpits Lane, Watford WD18 9PX for £30,000 per annum.

The company also has a licence with All About Property Ltd for the car park at 3 Century Court, Tolpits Lane, Watford, WD18 9RS for £13,000 per annum and All About Property owes Dua & Co Ltd £87,629 (2023: £93,163). Mr R Dua, a director is also an officer and controlling shareholder in All About Property Ltd.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R K Dua.

The Ultimate Controlling Shareholder is Rakesh Dua.