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REGISTERED NUMBER: 03280499 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

De Le Cuona Designs Limited

De Le Cuona Designs Limited (Registered number: 03280499)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


De Le Cuona Designs Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B De Le Cuona
G Pearson
G Dawes





SECRETARY: H Jackson





REGISTERED OFFICE: Mistress Pages House
13b High Street
Windsor
Berkshire
SL4 1LD





REGISTERED NUMBER: 03280499 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

De Le Cuona Designs Limited (Registered number: 03280499)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,451 262,515

CURRENT ASSETS
Stocks 1,461,600 1,521,681
Debtors 5 2,542,818 964,250
Cash at bank and in hand 2,070,777 2,917,899
6,075,195 5,403,830
CREDITORS
Amounts falling due within one year 6 1,277,120 1,305,401
NET CURRENT ASSETS 4,798,075 4,098,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,020,526

4,360,944

PROVISIONS FOR LIABILITIES 8 117,283 70,051
NET ASSETS 4,903,243 4,290,893

CAPITAL AND RESERVES
Called up share capital 48,117 48,117
Share premium 122,689 122,689
Retained earnings 4,732,437 4,120,087
SHAREHOLDERS' FUNDS 4,903,243 4,290,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

De Le Cuona Designs Limited (Registered number: 03280499)

Balance Sheet - continued
31 March 2024


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 21 November 2024 and were signed on its behalf by:





B De Le Cuona - Director


De Le Cuona Designs Limited (Registered number: 03280499)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

De Le Cuona Designs Limited 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 represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised when the product has been despatched or delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 12 years
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Office equipment - 25% 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

De Le Cuona Designs Limited (Registered number: 03280499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 82,573 619,939 231,767 189,486 1,123,765
Additions - - 6,110 77,331 83,441
At 31 March 2024 82,573 619,939 237,877 266,817 1,207,206
DEPRECIATION
At 1 April 2023 29,652 536,808 162,422 132,368 861,250
Charge for year 8,124 72,431 19,312 23,638 123,505
At 31 March 2024 37,776 609,239 181,734 156,006 984,755
NET BOOK VALUE
At 31 March 2024 44,797 10,700 56,143 110,811 222,451
At 31 March 2023 52,921 83,131 69,345 57,118 262,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 203,762 654,697
Amounts owed by group undertakings 2,049,427 39,689
Other debtors 142,654 155,068
Prepayments and accrued income 146,975 114,796
2,542,818 964,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 287,708 346,116
Corporation tax 156,207 250,768
Social security and other taxes 218,035 117,614
Other creditors 342,718 284,417
Directors' current accounts - 35,447
Accrued expenses 272,452 271,039
1,277,120 1,305,401

De Le Cuona Designs Limited (Registered number: 03280499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 295,751 278,584
Between one and five years 654,997 904,386
In more than five years - 38,927
950,748 1,221,897

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 20,350 17,953
Call off stock 96,933 52,098
117,283 70,051

Deferred Call off
tax stock
£    £   
Balance at 1 April 2023 17,953 52,098
Provided during year - 44,835
Accelerated capital allowances 2,397 -
Balance at 31 March 2024 20,350 96,933

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B De Le Cuona
Balance outstanding at start of year (19,057 ) 245,840
Amounts advanced (243,000 ) -
Amounts repaid 262,057 (264,897 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (19,057 )

G Pearson
Balance outstanding at start of year (15,390 ) 33,060
Amounts advanced (157,025 ) -
Amounts repaid 172,415 (48,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (15,390 )

De Le Cuona Designs Limited (Registered number: 03280499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. PARENT COMPANY

Throughout the year, the company was a wholly owned subsidiary of De Le Cuona UK Holdings Limited, a company incorporated in England and Wales, by virtue of it owning 100% of the issued share capital.