Duo Technology Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09018590 (England and Wales)

DUO TECHNOLOGY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mr C A W Bailey

Mrs A C Bailey

REGISTERED OFFICE:

King Arthurs Court

Maidstone Road

Charing

Ashford

Kent

TN27 0JS

REGISTERED NUMBER:

09018590 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

59,449

79,264

CURRENT ASSETS

Debtors

5

36,786

77,630

Cash at bank and in hand

50,223

46,216

87,009

123,846

CREDITORS

Amounts falling due within one year

6

(49,293

)

(62,739

)

NET CURRENT ASSETS

37,716

61,107

TOTAL ASSETS LESS CURRENT
LIABILITIES

97,165

140,371

CREDITORS

Amounts falling due after more than one year

7

(48,019

)

(56,813

)

NET ASSETS

49,146

83,558

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

48,946

83,358

SHAREHOLDERS' FUNDS

49,146

83,558

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 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 23 September 2025 and were signed on its behalf by:

Mr C A W Bailey - Director

Mrs A C Bailey - Director

1.	STATUTORY INFORMATION

Duo Technology Ltd 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 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.

Improvements to property

-

25% on reducing balance

Fixture & Fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixture &

Motor

Computer

property

Fittings

vehicles

equipment

Totals

£

COST

At 1 December 2023

and 30 November 2024

32,296

1,889

78,185

23,366

135,736

DEPRECIATION

At 1 December 2023

25,910

897

19,546

10,119

56,472

Charge for year

1,596

248

14,660

3,311

19,815

At 30 November 2024

27,506

1,145

34,206

13,430

76,287

NET BOOK VALUE

At 30 November 2024

4,790

744

43,979

9,936

59,449

At 30 November 2023

6,386

992

58,639

13,247

79,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

30,858

58,466

Amounts owed by group undertakings

5,222

Directors' current accounts

431

13,667

Prepayments

275

36,786

77,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

9,691

7,521

Corporation Tax

13,138

14,544

VAT

19,383

39,174

Sundry creditors

5,000

-

Accrued expenses

2,081

1,500

49,293

62,739

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Hire purchase contracts

48,019

56,813

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C A W Bailey.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Duo Technology Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Duo Technology Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Duo Technology Ltd and state those matters that we have agreed to state to the Board of Directors of Duo Technology Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Duo Technology Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Duo Technology Ltd. You consider that Duo Technology Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Duo Technology Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

23 September 2025