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REGISTERED NUMBER: SC258892 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Design Room (Scotland) Limited

The Design Room (Scotland) Limited (Registered number: SC258892)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


The Design Room (Scotland) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L Clarke





REGISTERED OFFICE: Archballoch Business Centre
Alford
Aberdeenshire
AB33 8HP





REGISTERED NUMBER: SC258892 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

The Design Room (Scotland) Limited (Registered number: SC258892)

Report of the Director
for the Year Ended 31 December 2023

The director presents her report with the financial statements of the company for the year ended 31 December 2023.

DIRECTOR
L Clarke held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L Clarke - Director


25 September 2024

The Design Room (Scotland) Limited (Registered number: SC258892)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 38,843 31,083

Cost of sales 5,505 3,547
GROSS PROFIT 33,338 27,536

Administrative expenses 24,113 26,799
OPERATING PROFIT 4 9,225 737


Interest payable and similar expenses 1,235 782
PROFIT/(LOSS) BEFORE TAXATION 7,990 (45 )

Tax on profit/(loss) 1,642 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

6,348

(45

)

The Design Room (Scotland) Limited (Registered number: SC258892)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 838 1,118

CURRENT ASSETS
Stocks 1,730 1,000
Debtors 6 6,685 -
8,415 1,000
CREDITORS
Amounts falling due within one year 7 15,864 15,077
NET CURRENT LIABILITIES (7,449 ) (14,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,611

)

(12,959

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,613 ) (12,961 )
SHAREHOLDERS' FUNDS (6,611 ) (12,959 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





L Clarke - Director


The Design Room (Scotland) Limited (Registered number: SC258892)

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

1. STATUTORY INFORMATION

The Design Room (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

The Design Room (Scotland) Limited (Registered number: SC258892)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 280 371

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 19,888
DEPRECIATION
At 1 January 2023 18,770
Charge for year 280
At 31 December 2023 19,050
NET BOOK VALUE
At 31 December 2023 838
At 31 December 2022 1,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 6,685 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,356 10,820
Taxation and social security 1,642 -
Other creditors 2,866 4,257
15,864 15,077