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REGISTERED NUMBER: 12172107 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DIRTEA LTD

DIRTEA LTD (Registered number: 12172107)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRTEA LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: Mr S Salter
Mr A P Salter
Mr J Khaizaei
Mr G L Coetzee
Ms J Salmanpour





REGISTERED OFFICE: Kennedy House
115 Hammersmith Road
London
W14 0QH





REGISTERED NUMBER: 12172107 (England and Wales)





ACCOUNTANTS: ASUKI Accountants Ltd
First Floor, Heath House
West Drayton Road
Hillingdon
Middlesex
UB8 3LA

DIRTEA LTD (Registered number: 12172107)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,747 182,778
Tangible assets 5 82,525 3,797
Investment property 6 350,000 -
477,272 186,575

CURRENT ASSETS
Stocks 7 578,940 470,000
Debtors 8 339,954 145,365
Cash at bank 744,628 422,606
1,663,522 1,037,971
CREDITORS
Amounts falling due within one year 9 1,488,335 245,086
NET CURRENT ASSETS 175,187 792,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,459

979,460

PROVISIONS FOR LIABILITIES - 741
NET ASSETS 652,459 978,719

CAPITAL AND RESERVES
Called up share capital 10 2,756 2,615
Share premium 11 3,209,841 1,635,592
Retained earnings 11 (2,560,138 ) (659,488 )
SHAREHOLDERS' FUNDS 652,459 978,719

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

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

DIRTEA LTD (Registered number: 12172107)

BALANCE SHEET - continued
31 August 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 9 September 2024 and were signed on its behalf by:




Mr J Khaizaei - Director



Mr A P Salter - Director


DIRTEA LTD (Registered number: 12172107)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

DIRTEA 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.

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 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.

Trademark are being amortised evenly over their estimated useful life of ten years.

Brand development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 20% on cost
Fixture and Fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Brand
Trademark development Totals
£    £    £   
COST
At 1 September 2022 39,743 143,035 182,778
Additions 5,004 - 5,004
Reversal of impairments - (143,035 ) (143,035 )
At 31 August 2023 44,747 - 44,747
NET BOOK VALUE
At 31 August 2023 44,747 - 44,747
At 31 August 2022 39,743 143,035 182,778

DIRTEA LTD (Registered number: 12172107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 - 6,363 6,363
Additions 88,214 2,221 90,435
Disposals - (2,997 ) (2,997 )
At 31 August 2023 88,214 5,587 93,801
DEPRECIATION
At 1 September 2022 - 2,566 2,566
Charge for year 9,195 826 10,021
Eliminated on disposal - (1,311 ) (1,311 )
At 31 August 2023 9,195 2,081 11,276
NET BOOK VALUE
At 31 August 2023 79,019 3,506 82,525
At 31 August 2022 - 3,797 3,797

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 350,000
At 31 August 2023 350,000
NET BOOK VALUE
At 31 August 2023 350,000

7. STOCKS
31.8.23 31.8.22
£    £   
Closing Stocks 578,940 470,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 58,211 86,811
Other debtors 281,743 58,554
339,954 145,365

DIRTEA LTD (Registered number: 12172107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 29,077 -
Trade creditors 1,023,547 185,295
Taxation and social security 44,350 9,199
Other creditors 391,361 50,592
1,488,335 245,086

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2,756 Ordinary £1.00 2,756 2,615

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2022 (659,488 ) 1,635,592 976,104
Deficit for the year (1,900,650 ) (1,900,650 )
Cash share issue - 1,574,249 1,574,249
At 31 August 2023 (2,560,138 ) 3,209,841 649,703

12. RELATED PARTY DISCLOSURES

At the end of the year the director owed an amount of £60,255 (2022 : £26,276 ) to the company