DESIGNER TRAVEL GOODS LIMITED

Company Registration Number:
12298797 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 06 November 2022

End date: 31 October 2023

DESIGNER TRAVEL GOODS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

DESIGNER TRAVEL GOODS LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

6 months to 5 November 2022


£

£
Fixed assets
Tangible assets: 3 5,779 0
Total fixed assets: 5,779 0
Current assets
Stocks: 88,859 303,543
Debtors:   473,332 247,911
Cash at bank and in hand: 3,176 13,462
Total current assets: 565,367 564,916
Creditors: amounts falling due within one year:   (694,445) (638,304)
Net current assets (liabilities): (129,078) (73,388)
Total assets less current liabilities: (123,299) (73,388)
Total net assets (liabilities): (123,299) (73,388)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (123,399) (73,488)
Shareholders funds: (123,299) (73,388)

The notes form part of these financial statements

DESIGNER TRAVEL GOODS LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 September 2024
and signed on behalf of the board by:

Name: Eli Lee Zekaria
Status: Director

The notes form part of these financial statements

DESIGNER TRAVEL GOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably

Tangible fixed assets and depreciation policy

There has been no depreciation charged for the year as the fixtures & fittings are new and will not generate any income until December 2024

Other accounting policies

The accounting year has been shortened to from 5th November 2023 to 31st October 2023

DESIGNER TRAVEL GOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 6 months to 5 November 2022
Average number of employees during the period 2 2

DESIGNER TRAVEL GOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 06 November 2022 0
Additions 5,779
At 31 October 2023 5,779
Depreciation
At 06 November 2022 0
At 31 October 2023 0
Net book value
At 31 October 2023 5,779
At 05 November 2022 0