REGISTERED NUMBER: 09320592 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DUX Advisory Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S K Brownsmith FCA

S J Griffiths

Mrs K Parsey

Mrs B G Permal FCA

REGISTERED OFFICE:

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

REGISTERED NUMBER:

09320592 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

FIXED ASSETS

Intangible assets

4

586,666

695,986

Tangible assets

5

41,309

16,906

Investments

6

-

1

627,975

712,893

CURRENT ASSETS

Debtors

7

323,747

330,013

Cash in hand

135

135

323,882

330,148

CREDITORS

Amounts falling due within one year

8

482,567

615,164

NET CURRENT LIABILITIES

(158,685

)

(285,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

469,290

427,877

CREDITORS

Amounts falling due after more than one year

9

-

89,758

NET ASSETS

469,290

338,119

CAPITAL AND RESERVES

Called up share capital

121

121

Share premium

99,988

99,988

Retained earnings

369,181

238,010

SHAREHOLDERS' FUNDS

469,290

338,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 26 September 2025 and were signed on its behalf by:

S K Brownsmith FCA - Director

1.	STATUTORY INFORMATION

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

Goodwill

In 2015 the business made 2 acquisitions and has subsequently acquired 2 further business in 2017 and 2018 respectively. The goodwill associated with these purchases is to be written off over the expected life of the asset which given the nature of the practice is expected to be between 10 and 20 years.

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.

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

-

20% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,327,331

AMORTISATION

At 1 April 2024

631,345

Charge for year

109,320

At 31 March 2025

740,665

NET BOOK VALUE

At 31 March 2025

586,666

At 31 March 2024

695,986

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

189,735

Additions

48,554

At 31 March 2025

238,289

DEPRECIATION

At 1 April 2024

172,829

Charge for year

24,151

At 31 March 2025

196,980

NET BOOK VALUE

At 31 March 2025

41,309

At 31 March 2024

16,906

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

1

Disposals

(1

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

253,608

208,697

Other debtors

70,139

121,316

323,747

330,013

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

94,835

101,436

Trade creditors

34,174

85,565

Amounts owed to group undertakings

-

3,551

Taxation and social security

184,573

146,942

Other creditors

168,985

277,670

482,567

615,164

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

-

89,758

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

67,100

73,350

Between one and five years

182,550

258,650

249,650

332,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

27,127

69,403

Bank loans

67,708

32,033

94,835

101,436

Bank debt is secured by a fixed and floating charge over the assets of the business. Personal guarantees from the directors also part secure some of the borrowing from the bank.

12.	RELATED PARTY DISCLOSURES

During the period S Brownsmith, a Director, made loans to the Company with a balance outstanding at the year end of £60,275 (2024: £70,646). K Parsey, a Director, made loans to the Company with a balance outstanding at the year end of £Nil (2024: £21,958).

13.	POST BALANCE SHEET EVENTS

On 31 May 2025 the business completed the purchase of Chimes Accountancy Services Limited based in High Wycombe.