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REGISTERED NUMBER: 12192468 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Dual Enterprises Limited

Dual Enterprises Limited (Registered number: 12192468)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dual Enterprises Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A J Yeats





REGISTERED OFFICE: 47 Ward Street
Birmingham
United Kingdom
B19 3TA





REGISTERED NUMBER: 12192468 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Dual Enterprises Limited (Registered number: 12192468)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,140 53,261
Investments 5 10,654 10,654
52,794 63,915

CURRENT ASSETS
Stocks 23,271 23,271
Debtors 6 673,576 364,137
Cash at bank 5,497 29,316
702,344 416,724
CREDITORS
Amounts falling due within one year 7 (1,738 ) (22,731 )
NET CURRENT ASSETS 700,606 393,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,400

457,908

PROVISIONS FOR LIABILITIES 8 (10,535 ) (13,315 )
NET ASSETS 742,865 444,593

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 742,365 444,093
SHAREHOLDERS' FUNDS 742,865 444,593

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

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

The director acknowledges his 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.

Dual Enterprises Limited (Registered number: 12192468)

Balance Sheet - continued
30 November 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





A J Yeats - Director


Dual Enterprises Limited (Registered number: 12192468)

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

1. STATUTORY INFORMATION

Dual Enterprises 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.

Preparation of consolidated financial statements
The financial statements contain information about Dual Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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
Fixtures and fittings - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Dual Enterprises Limited (Registered number: 12192468)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023 34,465 37,977 72,442
Additions - 4,088 4,088
At 30 November 2024 34,465 42,065 76,530
DEPRECIATION
At 1 December 2023 9,296 9,885 19,181
Charge for year 5,034 10,175 15,209
At 30 November 2024 14,330 20,060 34,390
NET BOOK VALUE
At 30 November 2024 20,135 22,005 42,140
At 30 November 2023 25,169 28,092 53,261

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 10,654
NET BOOK VALUE
At 30 November 2024 10,654
At 30 November 2023 10,654

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ja & Co London Limited
Registered office: 47 Ward Street, Birmingham, West Midlands, B19 3TA
Nature of business: Lighting designs
%
Class of shares: holding
Ordinary 5.00
Ordinary A 61.00
2024 2023
£    £   
Aggregate capital and reserves 675,162 615,624
Profit for the year 504,538 392,642

Dual Enterprises Limited (Registered number: 12192468)

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

5. FIXED ASSET INVESTMENTS - continued

Bert Frank Limited
Registered office: 67 Farringdon Road, Clerkenwell, London, EC1M 3JB
Nature of business: Retail of lighting
%
Class of shares: holding
Ordinary A 75.00
2024 2023
£    £   
Aggregate capital and reserves (379,832 ) (30,909 )
Loss for the year (348,923 ) (295,265 )

R & E Presswork (Holdings) Limited
Registered office: 72 - 77 Lower Tower Street, Newtown, Birmingham, B19 3NF
Nature of business: Holding company
%
Class of shares: holding
Ordinary A 70.00
2024 2023
£    £   
Aggregate capital and reserves 4,915 5,590
Loss for the year (675 ) (720 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,960
Other debtors 673,576 351,177
673,576 364,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94 576
Taxation and social security 144 20,655
Other creditors 1,500 1,500
1,738 22,731

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,535 13,315

Deferred
tax
£   
Balance at 1 December 2023 13,315
Credit to Profit and Loss Account during year (2,780 )
Balance at 30 November 2024 10,535

Dual Enterprises Limited (Registered number: 12192468)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500

10. RELATED PARTY DISCLOSURES

R & E Presswork Limited


R & E Presswork Limited is a wholly owned subsidiary of R & E Presswork (Holdings) Limited, a company in which Dual Enterprises Limited has a majority shareholding.

At the 30 November 2024, there was amount due by R & E Presswork Limited amounting to £129,477 (2023 - £158,741).

The amount owed by R & E Presswork Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand, but the director of Dual Enterprises Limited have given his assurance that the amount will not be demanded until such time as R & E Presswork Limited can afford to do so without detriment to its operating and working capital requirements.



.

Ja & Co London Limited

Subsidiary undertaking


2024 2023
£ £
Dividends received 355,000 125,000