IRIS Accounts Production v24.3.2.46 07586054 Board of Directors 30.4.24 1.5.23 30.4.24 30.4.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. activities of head offices. true true false true true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075860542023-04-30075860542024-04-30075860542023-05-012024-04-30075860542022-04-30075860542022-05-012023-04-30075860542023-04-3007586054ns15:EnglandWales2023-05-012024-04-3007586054ns14:PoundSterling2023-05-012024-04-3007586054ns10:Director12023-05-012024-04-3007586054ns10:Consolidated2024-04-3007586054ns10:ConsolidatedGroupCompanyAccounts2023-05-012024-04-3007586054ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007586054ns10:Consolidatedns10:MediumEntities2023-05-012024-04-3007586054ns10:Consolidatedns10:Audited2023-05-012024-04-3007586054ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-04-3007586054ns10:Medium-sizedCompaniesRegimeForAccounts2023-05-012024-04-3007586054ns10:Consolidated2023-05-012024-04-3007586054ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-04-3007586054ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-05-012024-04-3007586054ns10:FullAccounts2023-05-012024-04-300758605412023-05-012024-04-3007586054ns10:Director22023-05-012024-04-3007586054ns10:RegisteredOffice2023-05-012024-04-3007586054ns10:Consolidated2022-05-012023-04-3007586054ns5:CurrentFinancialInstruments2024-04-3007586054ns5:CurrentFinancialInstruments2023-04-3007586054ns5:Non-currentFinancialInstruments2024-04-3007586054ns5:Non-currentFinancialInstruments2023-04-3007586054ns5:ShareCapital2024-04-3007586054ns5:ShareCapital2023-04-3007586054ns5:RetainedEarningsAccumulatedLosses2024-04-3007586054ns5:RetainedEarningsAccumulatedLosses2023-04-3007586054ns5:ShareCapital2022-04-3007586054ns5:RetainedEarningsAccumulatedLosses2022-04-3007586054ns5:ShareCapital2022-05-012023-04-3007586054ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-3007586054ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3007586054ns5:NetGoodwill2023-05-012024-04-3007586054ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3007586054ns5:LeaseholdImprovements2023-05-012024-04-3007586054ns5:PlantMachinery2023-05-012024-04-3007586054ns5:FurnitureFittings2023-05-012024-04-3007586054ns5:MotorVehicles2023-05-012024-04-3007586054ns5:CostValuation2023-04-3007586054ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3007586054ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3007586054ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3007586054ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3007586054ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3007586054ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3007586054ns5:Secured2024-04-3007586054ns5:Secured2023-04-3007586054ns5:RetainedEarningsAccumulatedLosses2023-04-30
REGISTERED NUMBER: 07586054 (England and Wales)







GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

INTERNATIONAL DESIGN (SERVICES) LIMITED

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 17


INTERNATIONAL DESIGN (SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D A Abel
M L Abel





REGISTERED OFFICE: EDM House
Rowley Drive
Coventry
CV3 4FG





REGISTERED NUMBER: 07586054 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their strategic report of the company and the group for the year ended 30 April 2024.

International Design (Services) Ltd (IDSL) operates as a parent company, providing strategic oversight and asset management for its subsidiaries. It plays a pivotal role in enabling its subsidiaries to achieve growth, primarily within the automotive design sector, by offering stable operational support and fostering strategic alignment. The addition of a further operational facility allows IDSL to achieve its short-term objectives, as well as paving the foundation for the wider group to achieve its longer-term objectives.

The group's trading income predominantly comes through its subsidiary, Futura Design Limited (Futura).

Futura operates within the automotive design industry, delivering high-quality services to some of the world's leading OEM automotive brands, specialising in two core divisions: DMO (Design Model Operations) and Technical Recruitment. In DMO, we collaborate with clients to create design models, show cars, and other bespoke models tailored to their requirements. In Technical Recruitment, we provide clients across the UK and wider Europe with skilled contract and permanent resources to meet their evolving workforce needs.


The financial year ending April 2024 was successful for the group, marked by consecutive growth following the industry's reopening after COVID-19. Our primary focus was on delivering exceptional service across both divisions, enhancing operational efficiency to safeguard margins amidst macroeconomic pressures, and strategically investing in an additional facility and other key asset classes. These efforts were aimed at expanding our footprint and bolstering operational capabilities to support sustained growth in 2025 and beyond.


In 2024, the group's financial performance was robust, with revenue reaching approximately £19.9m, reflecting a 31% increase from £15.2m in 2023. Pre-tax profit rose to £1.26m, marking a 38% growth compared to £0.91m in the prior year. Pre-tax profit margins remained steady at circa 6%. We maintained a strong cash position, ensuring timely payment to creditors and efficient cash flow management. Our robust accounts receivable procedures have enabled effective and prompt collection of amounts due, contributing to our overall financial stability.

REVIEW OF BUSINESS
The industry experienced notable fluctuations during the year, presenting both risks and opportunities. The emergence of new startups in the electric automotive space, bolstered by significant overseas investment in UK corporations and branches, has created avenues to acquire new clients. However, challenges such as the insolvency of companies like the Arrival Group underscore the inherent risks within this competitive and evolving sector.

The past couple of years have brought significant macroeconomic challenges that have dominated headlines across industries. At the start of the financial year, the UK faced very high inflation, which gradually eased as the year progressed. Interest rates, however, remained a challenge, rising from 4.25% in May 2023 to 5.25% in August 2023, where they stayed for the remainder of the financial year before slightly reducing to 5% in August 2024.

These economic conditions have had a broad impact on our operations:
- Suppliers faced increased costs, which they attempted to pass on to maintain their margins.
- We incurred increases in various overheads and cost of sales within the group.
- Employees experienced cost-of-living pressures, driving demands for pay increases.
- Clients dealt with rising costs, leading to efforts to reduce their expenditures wherever possible.


INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

PRINCIPAL RISKS AND UNCERTAINTIES
To navigate these challenges and remain competitive, we have focused on increasing project volumes with existing clients while expanding our client base. Additionally, we have streamlined internal processes, embraced a culture of continual improvement, and maintained close monitoring of our pricing model to balance rising costs effectively.

The inherent risks to our business include:
- Economic Uncertainty: Fluctuations in the economy can directly impact the production of new vehicles, subsequently affecting the demand and timelines for design models.

- Industry Competition: The automotive design sector remains competitive within our niche.

- Government Policy Changes: Recent policy changes, such as the increase in corporation tax from 19% to 25%, have directly impacted us. Additionally, the shift in government from Conservative to Labour and the October 2024 Labour budget introduced increased Employers National Insurance, further escalating wage costs and operational expenses. The uncertainty around further taxes and regulations creates a risk.

We manage our risks by continually evaluating and adapting where needed. Ultimately, we focus on providing exceptional service to ensure continuity of work.

Key areas of focus for IDSL and the wider group include significant investment in our Leamington Spa facility to develop world-class infrastructure for show car and model making production, to include building infrastructure and plant and machinery. Additionally, we are enhancing our Coventry facility through building upgrades and new plant and machinery acquisitions, further increasing operational capacity and enabling diversification into new markets.

We have an optimistic outlook for the future, underpinned by the solid foundation established post-COVID-19, current investments, and planned initiatives for 2025. Our primary objective is to achieve sustainable growth by minimising risks, continuing to strengthen our relationships with clients, and maintaining a robust profit margin to support continued reinvestment in the years ahead and further growth.

ON BEHALF OF THE BOARD:





D A Abel - Director


30 January 2025

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 April 2024.

DIVIDENDS
During the year dividends of £74,400(2023: £69,663) were paid.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

D A Abel
M L Abel

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D A Abel - Director


30 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTERNATIONAL DESIGN (SERVICES) LIMITED


Opinion
We have audited the financial statements of International Design (Services) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other matter - prior period financial statements not audited
The company and group were exempt from audit for the year ended 30 April 2023 and consequently the corresponding figures were unaudited.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTERNATIONAL DESIGN (SERVICES) LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTERNATIONAL DESIGN (SERVICES) LIMITED


We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Morgan Davies FCA (Senior Statutory Auditor)
for and on behalf of Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

30 January 2025

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
(Unaudited)
Notes £    £   

TURNOVER 3 19,882,053 15,220,231

Cost of sales 16,263,298 12,745,388
GROSS PROFIT 3,618,755 2,474,843

Administrative expenses 2,252,930 1,500,760
1,365,825 974,083

Other operating income 6,427 7,639
Gain/loss on revaluation of investment
property

44,459

-
OPERATING PROFIT 5 1,416,711 981,722

Interest receivable and similar income 8,296 4,689
1,425,007 986,411

Interest payable and similar expenses 6 167,107 73,497
PROFIT BEFORE TAXATION 1,257,900 912,914

Tax on profit 7 383,439 99,336
PROFIT FOR THE FINANCIAL YEAR 874,461 813,578
Profit attributable to:
Owners of the parent 874,461 813,578

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
(Unaudited)
Notes £    £   

PROFIT FOR THE YEAR 874,461 813,578


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

874,461

813,578

Total comprehensive income attributable to:
Owners of the parent 874,461 813,578

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONSOLIDATED BALANCE SHEET
30 APRIL 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 929,432 1,161,790
Tangible assets 11 4,312,569 2,027,518
Investments 12 - -
Investment property 13 190,000 145,541
5,432,001 3,334,849

CURRENT ASSETS
Stocks 14 17,194 10,388
Debtors 15 4,126,025 2,489,081
Cash at bank and in hand 834,156 1,508,908
4,977,375 4,008,377
CREDITORS
Amounts falling due within one year 16 3,272,020 2,152,152
NET CURRENT ASSETS 1,705,355 1,856,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,137,356

5,191,074

CREDITORS
Amounts falling due after more than one
year

17

(1,937,717

)

(938,547

)

PROVISIONS FOR LIABILITIES 21 (410,759 ) (263,708 )
NET ASSETS 4,788,880 3,988,819

CAPITAL AND RESERVES
Called up share capital 22 1,200 1,200
Retained earnings 23 4,787,680 3,987,619
SHAREHOLDERS' FUNDS 4,788,880 3,988,819

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





D A Abel - Director


INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

COMPANY BALANCE SHEET
30 APRIL 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 4,104,200 4,104,200
Investment property 13 2,549,773 887,848
6,653,973 4,992,048

CURRENT ASSETS
Debtors 15 38,667 11,667
Cash at bank 22,530 9,332
61,197 20,999
CREDITORS
Amounts falling due within one year 16 567,484 616,497
NET CURRENT LIABILITIES (506,287 ) (595,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,147,686

4,396,550

CREDITORS
Amounts falling due after more than one
year

17

1,571,024

530,377
NET ASSETS 4,576,662 3,866,173

CAPITAL AND RESERVES
Called up share capital 22 1,200 1,200
Retained earnings 23 4,575,462 3,864,973
SHAREHOLDERS' FUNDS 4,576,662 3,866,173

Company's profit for the financial year 784,889 30,090

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





D A Abel - Director


INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 501,200 3,243,704 3,744,904

Changes in equity
Issue of share capital (500,000 ) - (500,000 )
Dividends - (69,663 ) (69,663 )
Total comprehensive income - 813,578 813,578
Balance at 30 April 2023 1,200 3,987,619 3,988,819

Changes in equity
Dividends - (74,400 ) (74,400 )
Total comprehensive income - 874,461 874,461
Balance at 30 April 2024 1,200 4,787,680 4,788,880

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 501,200 3,904,546 4,405,746

Changes in equity
Issue of share capital (500,000 ) - (500,000 )
Total comprehensive income - 30,090 30,090
Dividends - (69,663 ) (69,663 )
Balance at 30 April 2023 1,200 3,864,973 3,866,173

Changes in equity
Total comprehensive income - 784,889 784,889
Dividends - (74,400 ) (74,400 )
Balance at 30 April 2024 1,200 4,575,462 4,576,662

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
(Unaudited)
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,263,348 1,071,837
Interest paid (151,633 ) (43,748 )
Interest element of hire purchase
payments paid

(15,474

)

(29,749

)
Tax paid (197,564 ) (31,898 )
Net cash from operating activities 898,677 966,442

Cash flows from investing activities
Purchase of tangible fixed assets (2,339,930 ) (242,426 )
Interest received 8,296 4,689
Net cash from investing activities (2,331,634 ) (237,737 )

Cash flows from financing activities
New loans in year 1,102,500 -
Loan repayments in year (160,917 ) -
Capital repayments in year (108,978 ) (141,167 )
Equity dividends paid (74,400 ) (69,663 )
Net cash from financing activities 758,205 (210,830 )

(Decrease)/increase in cash and cash equivalents (674,752 ) 517,875
Cash and cash equivalents at
beginning of year

2

1,508,908

991,033

Cash and cash equivalents at end of
year

2

834,156

1,508,908

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
(Unaudited)
£    £   
Profit before taxation 1,257,900 912,914
Depreciation charges 540,224 442,660
Gain on revaluation of fixed assets (44,459 ) -
Government grants (6,427 ) (7,639 )
Finance costs 167,107 73,497
Finance income (8,296 ) (4,689 )
1,906,049 1,416,743
(Increase)/decrease in stocks (6,806 ) 10,226
(Increase)/decrease in trade and other debtors (1,442,904 ) 412,122
Increase/(decrease) in trade and other creditors 807,009 (767,254 )
Cash generated from operations 1,263,348 1,071,837

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 834,156 1,508,908
Year ended 30 April 2023
30.4.23 1.5.22
(Unaudited)
£    £   
Cash and cash equivalents 1,508,908 991,033


INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

Other
non-cash
At 1.5.23 Cash flow changes At 30.4.24
£    £    £    £   
Net cash
Cash at bank
and in hand 1,508,908 (674,752 ) - 834,156
1,508,908 (674,752 ) - 834,156
Debt
Finance leases (174,438 ) 108,979 (252,987 ) (318,446 )
Debts falling due
within 1 year (145,474 ) 145,474 (201,442 ) (201,442 )
Debts falling due
after 1 year (841,950 ) (1,087,057 ) 204,144 (1,724,863 )
(1,161,862 ) (832,604 ) (250,285 ) (2,244,751 )
Total 347,046 (1,507,356 ) (250,285 ) (1,410,595 )

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

International Design (Services) 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern
The group and company continue to be profitable and the directors have a reasonable expectation that the group and company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The group and company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less accumulated amortisation.

The investment in goodwill is being amortised over 10 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance and at variable rates on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Freehold buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2024 2023
(Unaudited)
£    £   
United Kingdom 17,644,896 12,699,304
Europe 2,237,157 2,520,927
19,882,053 15,220,231

4. EMPLOYEES AND DIRECTORS
2024 2023
(Unaudited)
£    £   
Wages and salaries 2,731,552 2,028,837
Social security costs 319,382 239,815
Other pension costs 50,616 33,126
3,101,550 2,301,778

The average number of employees during the year was as follows:
2024 2023
(Unaudited)

Staff 47 39
Directors 3 2
50 41

2024 2023
(Unaudited)
£    £   
Directors' remuneration 36,687 31,481
Directors' pension contributions to money purchase schemes 12,901 5,806

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
(Unaudited)
£    £   
Depreciation - owned assets 246,880 152,709
Depreciation - assets on hire purchase contracts 60,986 57,593
Goodwill amortisation 232,358 232,359
Auditors' remuneration 15,900 -
Government grants (6,427 ) (7,639 )
Net(gains)/losses on foreign exchange (11,134 ) (9,349 )

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
(Unaudited)
£    £   
Bank loan interest 151,633 43,748
Hire purchase 15,474 29,749
167,107 73,497

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
(Unaudited)
£    £   
Current tax:
UK corporation tax 236,387 7,247

Deferred tax 147,052 92,089
Tax on profit 383,439 99,336

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
(Unaudited)
£    £   
Profit before tax 1,257,900 912,914
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 19.500 %)

314,475

178,018

Effects of:
Expenses not deductible for tax purposes 1,099 1,039
Income not taxable for tax purposes (11,115 ) (1,694 )
Capital allowances in excess of depreciation (124,857 ) (27,260 )
Utilisation of tax losses (741 ) (99 )
Adjustments to tax charge in respect of previous periods - (188,036 )
Deferred tax movement 147,052 92,089
Marginal relief (564 ) (31 )
Amortisation 58,090 45,310
Total tax charge 383,439 99,336

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
(Unaudited)
£    £   
Ordinary shares of £1 each
Interim 74,400 69,663


INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 2,323,581
AMORTISATION
At 1 May 2023 1,161,791
Amortisation for year 232,358
At 30 April 2024 1,394,149
NET BOOK VALUE
At 30 April 2024 929,432
At 30 April 2023 1,161,790

11. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 887,848 242,290 1,421,940
Additions 1,661,925 258,164 262,542
At 30 April 2024 2,549,773 500,454 1,684,482
DEPRECIATION
At 1 May 2023 47,352 56,330 745,464
Charge for year 11,838 63,833 149,327
At 30 April 2024 59,190 120,163 894,791
NET BOOK VALUE
At 30 April 2024 2,490,583 380,291 789,691
At 30 April 2023 840,496 185,960 676,476

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 297,851 322,817 3,172,746
Additions 216,539 193,747 2,592,917
At 30 April 2024 514,390 516,564 5,765,663
DEPRECIATION
At 1 May 2023 150,516 145,566 1,145,228
Charge for year 40,040 42,828 307,866
At 30 April 2024 190,556 188,394 1,453,094
NET BOOK VALUE
At 30 April 2024 323,834 328,170 4,312,569
At 30 April 2023 147,335 177,251 2,027,518

Included in freehold property is land with a cost of £849,924 (2023: £295,949) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 265,501 168,367 433,868
Additions - 143,615 143,615
At 30 April 2024 265,501 311,982 577,483
DEPRECIATION
At 1 May 2023 132,461 15,923 148,384
Charge for year 28,509 32,477 60,986
At 30 April 2024 160,970 48,400 209,370
NET BOOK VALUE
At 30 April 2024 104,531 263,582 368,113
At 30 April 2023 133,040 152,444 285,484

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakings
£   
COST
Disposals (21,393 )
At 30 April 2024 (21,393 )
PROVISIONS

Eliminated on disposal (21,393 )
At 30 April 2024 (21,393 )
NET BOOK VALUE
At 30 April 2024 -
Company
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 4,104,200
NET BOOK VALUE
At 30 April 2024 4,104,200
At 30 April 2023 4,104,200


Futura Design Limited
Registered office: EDM House, Rowley Drive, Coventry, CV3 4FG
Nature of business: Employment agency activities & Other engineering activities

%
Class of shares: holding
Ordinary 100.00

Dama Properties Limited
Registered office: EDM House, Rowley Drive, Coventry, CV3 4FG
Nature of business: Other letting and operating of own or leased real estate

%
Class of shares: holding
Ordinary 100.00

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


13. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 May 2023 145,541
Revaluations 44,459
At 30 April 2024 190,000
NET BOOK VALUE
At 30 April 2024 190,000
At 30 April 2023 145,541

Details of leasing arrangements relating to investment properties are provided in note 20.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 44,459
Cost 145,541
190,000

Company
Total
£   
FAIR VALUE
At 1 May 2023 887,848
Additions 1,661,925
At 30 April 2024 2,549,773
NET BOOK VALUE
At 30 April 2024 2,549,773
At 30 April 2023 887,848

14. STOCKS

Group
2024 2023
(Unaudited
£    £   
Stocks 17,194 10,388

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
(Unaudited) (Unaudited)
£    £    £    £   
Trade debtors 3,212,372 1,949,044 - -
Tax 190,317 - - -
Prepayments and accrued income 723,336 540,037 38,667 11,667
4,126,025 2,489,081 38,667 11,667

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
(Unaudited) (Unaudited)
£    £    £    £   
Bank loans and overdrafts (see note 18) 201,442 145,474 43,714 19,471
Hire purchase contracts (see note 19) 105,592 77,841 - -
Trade creditors 1,656,453 1,097,973 - -
Amounts owed to group undertakings - - 484,024 320,711
Tax 236,387 7,247 10,878 7,247
Social security and other taxes 107,353 68,726 - -
VAT 386,497 186,446 9,000 -
Other creditors 30,797 276,691 19,868 269,068
Accruals and deferred income 519,761 266,589 - -
Deferred government grants 27,738 25,165 - -
3,272,020 2,152,152 567,484 616,497

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
(Unaudited) (Unaudited)
£    £    £    £   
Bank loans (see note 18) 1,724,863 841,950 1,571,024 530,377
Hire purchase contracts (see note 19) 212,854 96,597 - -
1,937,717 938,547 1,571,024 530,377

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


18. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
(Unaudited) (Unaudited)
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 201,442 145,474 43,714 19,471
Amounts falling due between one and two years:
Bank loans - 1-2 years 160,177 155,665 97,619 20,729
Amounts falling due between two and five years:
Bank loans - 2-5 years 186,205 162,023 176,861 70,577
Amounts falling due in more than five years:
Repayable by instalments
Bank loans 1,378,481 524,262 1,296,544 439,071

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
(Unaudited
£    £   
Net obligations repayable:
Within one year 105,592 77,841
Between one and five years 212,854 96,597
318,446 174,438

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


20. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
(Unaudited) (Unaudited)
£    £    £    £   
Bank loans 1,926,305 987,424 1,614,738 549,848
Hire purchase contracts 318,446 174,438 - -
2,244,751 1,161,862 1,614,738 549,848

The bank loans are secured over the assets of the company whilst the hire purchase liabilities are secured over the specific assets that they relate to.

21. PROVISIONS FOR LIABILITIES

Group
2024 2023
(Unaudited
£    £   
Deferred tax
Accelerated capital allowances 410,759 263,708

Group
Deferred
tax
£   
Balance at 1 May 2023 263,708
Provided during year 147,051
Balance at 30 April 2024 410,759

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
(Unaudited)
Value: £ £
1,000 Ordinary £1 1,000 1,000
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 Preference £1 100 100
1,200 1,200

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


23. RESERVES

Group
Retained
earnings
£   

At 1 May 2023 3,987,619
Profit for the year 874,461
Dividends (74,400 )
At 30 April 2024 4,787,680

Company
Retained
earnings
£   

At 1 May 2023 3,864,973
Profit for the year 784,889
Dividends (74,400 )
At 30 April 2024 4,575,462


24. RELATED PARTY TRANSACTIONS

Within other creditors is a loan from D Abel to International Design (Services) Limited. During the year £Nil (2023: £500,000) was advanced and £251,200 (2023: £466,200) was repaid. At the balance sheet date £17,868 (2023: £269,068) was outstanding. The loan is unsecured, interest free and repayable on demand.

25. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.

INTERNATIONAL DESIGN (SERVICES) LIMITED (REGISTERED NUMBER: 07586054)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


26. OPERATING LEASES - LESSOR

Operating leases relate to commercial property (company) and residential property (group). Total future minimum lease payments receivable under non-cancellable operating leases are as follows:

2024 2023
(Unaudited )
Group £ £
Within one year 10,200 9,900
Between one and five years - -
10,200 9,900
Company
Within one year 205,000 70,000
Between one and five years 685,000 -

890,000 70,000