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REGISTERED NUMBER: 03866812 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DIVERSE INTERIOR ARCHITECTURE LTD

DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

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










Page

Balance sheet 1

Notes to the financial statements 3


DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,320 1,632

Current assets
Debtors 5 37,460 54,730
Cash at bank 41,563 76,904
79,023 131,634
Creditors
Amounts falling due within one year 6 21,061 48,119
Net current assets 57,962 83,515
Total assets less current liabilities 61,282 85,147

Provisions for liabilities 7 631 310
Net assets 60,651 84,837

Capital and reserves
Called up share capital 8 58 58
Retained earnings 60,593 84,779
Shareholders' funds 60,651 84,837

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.

DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Mr P Crouch - Director



Mr D Sadeghi - Director


DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

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


1. Statutory information

Diverse Interior Architecture Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03866812. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is PO Box 67018, London, W12 2DQ.

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 represents the fair value of the consideration received or receivable, excluding VAT, for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

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


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022 13,654 103,903 117,557
Additions - 2,794 2,794
At 31 October 2023 13,654 106,697 120,351
Depreciation
At 1 November 2022 13,654 102,271 115,925
Charge for year - 1,106 1,106
At 31 October 2023 13,654 103,377 117,031
Net book value
At 31 October 2023 - 3,320 3,320
At 31 October 2022 - 1,632 1,632

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 18,904 45,872
Prepayments and accrued income 18,556 8,858
37,460 54,730

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 118
Tax 3,308 16,682
VAT 5,223 11,833
Directors' current accounts 10,128 16,487
Accruals and deferred income 2,402 2,999
21,061 48,119

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 631 310

Deferred
tax
£   
Balance at 1 November 2022 310
Provided during year 321
Balance at 31 October 2023 631

DIVERSE INTERIOR ARCHITECTURE LTD (REGISTERED NUMBER: 03866812)

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


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
58 Ordinary £1 58 58

9. Ultimate controlling party

The Company is under the control of the Director, Mr D Sadeghi, by virtue of his 63% holding of the issued voting share capital of the Company.