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REGISTERED NUMBER: 04387075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DIESPEKER (INTERIORS) LIMITED

DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIESPEKER (INTERIORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: G H Smith
P G Smith
P Smith
C Smith





SECRETARY: P G Smith





REGISTERED OFFICE: Unit 1
Longbridge meadow
Station road
Cullompton
Devon
EX15 1BT





REGISTERED NUMBER: 04387075 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,690 15,775

CURRENT ASSETS
Stocks 5 1,471,008 2,333,386
Debtors 6 479,116 401,056
Cash at bank 117,311 9,348
2,067,435 2,743,790
CREDITORS
Amounts falling due within one year 7 636,842 1,297,032
NET CURRENT ASSETS 1,430,593 1,446,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,283

1,462,533

CREDITORS
Amounts falling due after more than one
year

8

(601,754

)

(641,667

)

PROVISIONS FOR LIABILITIES 9 (37,653 ) (28,624 )
NET ASSETS 803,876 792,242

CAPITAL AND RESERVES
Called up share capital 10 3,000 3,000
Retained earnings 800,876 789,242
SHAREHOLDERS' FUNDS 803,876 792,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

BALANCE SHEET - continued
31 JULY 2023


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 7 March 2024 and were signed on its behalf by:





G H Smith - Director


DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Diespeker (Interiors) 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process fo applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be responsible under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

Contract provisions
Contract provisions relate to ongoing disputes at varying levels of negotiation. Provisions are recognised when the company has a present legal or constructive obligation as a result of past events, it is probable that an outflow or resources will be required to settle the obligation and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& Fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 35,471 13,287 7,350 56,108
DEPRECIATION
At 1 August 2022 25,091 10,134 5,108 40,333
Charge for year 1,557 788 740 3,085
At 31 July 2023 26,648 10,922 5,848 43,418
NET BOOK VALUE
At 31 July 2023 8,823 2,365 1,502 12,690
At 31 July 2022 10,380 3,153 2,242 15,775

5. STOCKS
2023 2022
£    £   
Development Land 1,401,008 1,256,177
Work-in-progress 70,000 1,077,209
1,471,008 2,333,386

DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 482,381 412,154
Amounts Recoverable on Contract (25,463 ) (25,463 )
Other debtors 2,997 -
VAT 16,941 11,475
Prepayments 2,260 2,890
479,116 401,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,956 258,333
Trade Creditors 112,457 164,785
Taxation 3,414 3,422
Other Taxes & Social Security 899 3,685
Other Creditors 188,631 100,869
Related party loan 39,034 43,020
Director's Current Account 232,168 697,218
Accrued Expenses 15,283 25,700
636,842 1,297,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Debentures more 5yr non-instal 500,000 500,000
Bank loans > 1 year 101,754 141,667
601,754 641,667

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal 500,000 500,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,411 2,997
Contract Provisions 35,242 25,627
37,653 28,624

DIESPEKER (INTERIORS) LIMITED (REGISTERED NUMBER: 04387075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred Contract
tax Provision
£    £   
Balance at 1 August 2022 2,997 25,627
Provided during year (586 ) 9,615
Movement in provision
Balance at 31 July 2023 2,411 35,242

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 'A' Shares £1 100 100
2,900 Ordinary 'B' Shares £1 2,900 2,900
3,000 3,000