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REGISTERED NUMBER: 06917677 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DUAL INVENTIVE LIMITED

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUAL INVENTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J D Jackson
Dual Inventive Europe Bv





SECRETARY:





REGISTERED OFFICE: Unit 3, Kestrel Court
First Avenue
Doncaster
DN9 3RN





REGISTERED NUMBER: 06917677 (England and Wales)





AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 674,085 760,722

CURRENT ASSETS
Stocks 1,399,683 1,694,260
Debtors 6 6,387,900 4,012,549
Cash at bank 812,797 1,303,793
8,600,380 7,010,602
CREDITORS
Amounts falling due within one year 7 4,064,786 4,246,868
NET CURRENT ASSETS 4,535,594 2,763,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,209,679

3,524,456

CREDITORS
Amounts falling due after more than one
year

8

(4,317,257

)

(2,635,494

)

PROVISIONS FOR LIABILITIES 10 (30,846 ) (46,841 )
NET ASSETS 861,576 842,121

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 861,476 842,021
SHAREHOLDERS' FUNDS 861,576 842,121

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 16 May 2025 and were signed on its behalf by:




J D Jackson - Director



Dual Inventive Europe Bv - Director


DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Dual Inventive 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 (£).


These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

With regards to the provision of services which are performed by a number of indeterminate acts over a specified period of time, revenue is recognised on a straight line basis over the specified period.

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 - 33% on cost, 20% on cost, 10% on cost and 5% 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's loans receivable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.


DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 972,805
Additions 19,117
At 31 December 2024 991,922
DEPRECIATION
At 1 January 2024 212,083
Charge for year 105,754
At 31 December 2024 317,837
NET BOOK VALUE
At 31 December 2024 674,085
At 31 December 2023 760,722

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,744 302,253
Amounts owed by group undertakings 6,247,936 3,630,442
Other debtors 103,220 79,854
6,387,900 4,012,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,559 17,355
Amounts owed to group undertakings - 258,023
Taxation and social security 165,694 290,034
Other creditors 3,867,533 3,681,456
4,064,786 4,246,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 4,317,257 2,635,494

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 157,226 169,367
Between one and five years 559,728 562,925
In more than five years 170,565 307,017
887,519 1,039,309

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,846 46,841

Deferred
tax
£   
Balance at 1 January 2024 46,841
Credit to Income Statement during year (15,995 )
Balance at 31 December 2024 30,846

DUAL INVENTIVE LIMITED (REGISTERED NUMBER: 06917677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited

13. PARENT UNDERTAKING AND ULTIMATE HOLDING COMPANY

The company's parent undertaking is Dual Inventive Europe BV, a company incorporated in the Netherlands.

The company's ultimate holding company is Dual Inventive Holdings BV, a company incorporated in the Netherlands.

The registered office of both the above undertakings is 5 Belgiestraat, Oisterwijk, Netherlands.