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REGISTERED NUMBER: 07408716 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

THE DECOR GROUP LTD

THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

THE DECOR GROUP LTD

Company Information
for the Year Ended 31 October 2023







Directors: M T Goddard
H F Johnson





Registered office: Collingwood House
11 Collingwood Street
Coundon
Bishop Auckland
Co. Durham
DL14 8LG





Registered number: 07408716 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)

Abridged Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 116,246 125,525
Tangible assets 5 163,589 160,948
279,835 286,473

Current assets
Stocks 489,233 466,324
Debtors 220,126 172,927
Cash at bank and in hand 215,884 196,854
925,243 836,105
Creditors
Amounts falling due within one year 488,116 407,899
Net current assets 437,127 428,206
Total assets less current liabilities 716,962 714,679

Provisions for liabilities 66,139 64,168
Net assets 650,823 650,511

Capital and reserves
Called up share capital 100 100
Retained earnings 650,723 650,411
Shareholders' funds 650,823 650,511

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

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

THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 July 2024 and were signed on its behalf by:





M T Goddard - Director


THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

The Decor Group 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.

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.

The financial statements have been prepared on the going concern basis of accounting.

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

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

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
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 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.


THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

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 21 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 167,550
Additions 27,023
At 31 October 2023 194,573
AMORTISATION
At 1 November 2022 42,025
Amortisation for year 36,302
At 31 October 2023 78,327
NET BOOK VALUE

At 31 October 2023 116,246
At 31 October 2022 125,525

THE DECOR GROUP LTD (REGISTERED NUMBER: 07408716)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 266,617
Additions 52,976
Disposals (7,200 )
At 31 October 2023 312,393
DEPRECIATION
At 1 November 2022 105,669
Charge for year 44,395
Eliminated on disposal (1,260 )
At 31 October 2023 148,804
NET BOOK VALUE
At 31 October 2023 163,589
At 31 October 2022 160,948

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/10/23 31/10/22
£    £   
Within one year 43,000 43,000
Between one and five years 64,500 107,500
107,500 150,500

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
H F Johnson and M T Goddard
Balance outstanding at start of year 15,198 -
Amounts advanced 47,010 15,198
Amounts repaid (37,803 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,405 15,198

Interest is charged at 2% per annum upto Apr-23 and at 2.25% per annum thereafter. The balance is repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Decor Group Ltd

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 Abridged 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 The Decor Group Ltd for the year ended 31 October 2023 which comprise the Abridged Income Statement, Abridged 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Decor Group Ltd, as a body, in accordance with the terms of our engagement letter dated 8 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Decor Group Ltd and state those matters that we have agreed to state to the Board of Directors of The Decor Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 The Decor Group 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 The Decor Group Ltd. You consider that The Decor Group 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 The Decor Group 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


12 July 2024