Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04611917 Mr Richard Swindley Mr Shane Howshall Mr Richard Swindley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04611917 2023-01-31 04611917 2024-01-31 04611917 2023-02-01 2024-01-31 04611917 frs-core:CurrentFinancialInstruments 2024-01-31 04611917 frs-core:Non-currentFinancialInstruments 2024-01-31 04611917 frs-core:FurnitureFittings 2024-01-31 04611917 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04611917 frs-core:FurnitureFittings 2023-01-31 04611917 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 04611917 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04611917 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 04611917 frs-core:MoreThanFiveYears 2024-01-31 04611917 frs-core:MotorVehicles 2024-01-31 04611917 frs-core:MotorVehicles 2023-02-01 2024-01-31 04611917 frs-core:MotorVehicles 2023-01-31 04611917 frs-core:PlantMachinery 2024-01-31 04611917 frs-core:PlantMachinery 2023-02-01 2024-01-31 04611917 frs-core:PlantMachinery 2023-01-31 04611917 frs-core:WithinOneYear 2024-01-31 04611917 frs-core:CapitalRedemptionReserve 2024-01-31 04611917 frs-core:SharePremium 2024-01-31 04611917 frs-core:ShareCapital 2024-01-31 04611917 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04611917 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04611917 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04611917 frs-bus:SmallEntities 2023-02-01 2024-01-31 04611917 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04611917 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04611917 frs-bus:Director1 2023-02-01 2024-01-31 04611917 frs-bus:Director2 2023-02-01 2024-01-31 04611917 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04611917 frs-core:CurrentFinancialInstruments 2 2024-01-31 04611917 frs-core:Non-currentFinancialInstruments 2 2024-01-31 04611917 frs-core:CurrentFinancialInstruments 3 2024-01-31 04611917 frs-countries:EnglandWales 2023-02-01 2024-01-31 04611917 2022-01-31 04611917 2023-01-31 04611917 2022-02-01 2023-01-31 04611917 frs-core:CurrentFinancialInstruments 2023-01-31 04611917 frs-core:Non-currentFinancialInstruments 2023-01-31 04611917 frs-core:MoreThanFiveYears 2023-01-31 04611917 frs-core:WithinOneYear 2023-01-31 04611917 frs-core:CapitalRedemptionReserve 2023-01-31 04611917 frs-core:SharePremium 2023-01-31 04611917 frs-core:ShareCapital 2023-01-31 04611917 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04611917 frs-core:CurrentFinancialInstruments 2 2023-01-31 04611917 frs-core:Non-currentFinancialInstruments 2 2023-01-31 04611917 frs-core:CurrentFinancialInstruments 3 2023-01-31
Registered number: 04611917
DIRECT INTERIORS NORTH WEST LIMITED
Financial Statements
For The Year Ended 31 January 2024
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04611917
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 177,436 172,532
177,436 172,532
CURRENT ASSETS
Stocks 5 46,255 51,255
Debtors 6 75,022 137,709
Cash at bank and in hand 114,558 95,197
235,835 284,161
Creditors: Amounts Falling Due Within One Year 7 (191,141 ) (262,216 )
NET CURRENT ASSETS (LIABILITIES) 44,694 21,945
TOTAL ASSETS LESS CURRENT LIABILITIES 222,130 194,477
Creditors: Amounts Falling Due After More Than One Year 8 (101,560 ) (142,723 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,222 ) (17,539 )
NET ASSETS 97,348 34,215
CAPITAL AND RESERVES
Called up share capital 10 112 112
Share premium account 14,976 14,976
Capital redemption reserve 44 44
Profit and Loss Account 82,216 19,083
SHAREHOLDERS' FUNDS 97,348 34,215
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Swindley
Director
02/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DIRECT INTERIORS NORTH WEST LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04611917 . The registered office is 96 Welsh Road, Garden City, Deeside, Flintshire, CH5 2HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: )
6 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2023 122,505 4,300 128,913 5,819 261,537
Additions - - 27,584 - 27,584
As at 31 January 2024 122,505 4,300 156,497 5,819 289,121
Depreciation
As at 1 February 2023 42,284 3,847 37,411 5,463 89,005
Provided during the period 2,450 68 20,109 53 22,680
As at 31 January 2024 44,734 3,915 57,520 5,516 111,685
Net Book Value
As at 31 January 2024 77,771 385 98,977 303 177,436
As at 1 February 2023 80,221 453 91,502 356 172,532
5. Stocks
2024 2023
£ £
Finished goods 17,000 22,000
Work in progress 29,255 29,255
46,255 51,255
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,022 136,949
Other debtors - 420
Corporation tax recoverable assets - 340
75,022 137,709
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,081 19,214
Trade creditors 76,620 101,753
Bank loans and overdrafts - 48,364
Property mortgage 2,615 2,627
Corporation tax 37,627 12,442
Other taxes and social security 12,803 11,125
VAT 16,081 36,382
Other creditors 1,145 124
BBL < 1 Year 25,000 25,000
Pension Payable 1,169 1,251
Accruals and deferred income - 3,000
Directors' loan accounts - 934
191,141 262,216
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,301 52,895
Mortgage 6,009 8,578
BBL > 1 year 56,250 81,250
101,560 142,723
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,081 19,214
Later than five years 39,301 52,895
57,382 72,109
57,382 72,109
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 112 112
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 55,471 47,000
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