REGISTERED NUMBER: 02996589 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

DUROSE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T DuRose

R DuRose

SECRETARY:

R DuRose

REGISTERED OFFICE:

33-35 Adams Street

Nechells

Birmingham

West Midlands

B7 4LT

REGISTERED NUMBER:

02996589 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Barclays

534 Coventry Road

Birmingham

B10 0UP

FIXED ASSETS

Tangible assets

4

104,834

85,327

CURRENT ASSETS

Stocks

42,970

30,756

Debtors

5

601,536

347,963

Cash at bank and in hand

893,292

454,795

1,537,798

833,514

CREDITORS

Amounts falling due within one year

6

396,172

206,433

NET CURRENT ASSETS

1,141,626

627,081

TOTAL ASSETS LESS CURRENT LIABILITIES

1,246,460

712,408

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,246,360

712,308

SHAREHOLDERS' FUNDS

1,246,460

712,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 June 2025 and were signed on its behalf by:

T DuRose - Director

1.	STATUTORY INFORMATION

DuRose 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 for goods & services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 14 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

3,612

84,208

34,634

106,504

228,958

Additions

-

5,950

167

57,720

63,837

Disposals

-

-

-

(44,385

)

(44,385

)

At 31 December 2024

3,612

90,158

34,801

119,839

248,410

DEPRECIATION

At 1 January 2024

3,287

59,062

24,753

56,529

143,631

Charge for year

33

4,665

1,508

23,191

29,397

Eliminated on disposal

-

-

-

(29,452

)

(29,452

)

At 31 December 2024

3,320

63,727

26,261

50,268

143,576

NET BOOK VALUE

At 31 December 2024

292

26,431

8,540

69,571

104,834

At 31 December 2023

325

25,146

9,881

49,975

85,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

582,899

290,593

Other debtors

18,637

57,370

601,536

347,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

312,792

204,045

Taxation and social security

76,526

(22,513

)

Other creditors

6,854

24,901

396,172

206,433

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T duRose, Mrs C duRose, and Mr RduRose.