REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
Direct Import Uk Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
Direct Import Uk Limited |
Direct Import Uk Limited (Registered number: 06251225) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Direct Import Uk Limited |
Company Information |
for the Year Ended 31 May 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
UNIT L |
RADFORD BUSINESS CENTRE |
RADFORD WAY |
BILLERICAY |
Essex |
CM12 0BZ |
Direct Import Uk Limited (Registered number: 06251225) |
Balance Sheet |
31 May 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Direct Import Uk Limited (Registered number: 06251225) |
Balance Sheet - continued |
31 May 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Direct Import Uk Limited (Registered number: 06251225) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
Direct Import Uk Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 NIL (2023 - NIL). |
Direct Import Uk Limited (Registered number: 06251225) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2023 |
Additions |
At 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 1,849,346 | 2,352,989 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 775,767 | - |
Taxation and social security |
Other creditors |
Direct Import Uk Limited (Registered number: 06251225) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
7. | RELATED PARTY DISCLOSURES |
Direct Import UK Limited had a loan balance of £1,411,990 due to them as at 31st May 2024 from MAN Assets Limited; a company owned by the same shareholders of Direct Import UK Limited. The monies are to be made available to purchase commercial premises. No Interest is charged and is repayable on demand. |
Deal 4 You Limited, a company controlled by the same director and shareholder owed £2,400 as at 31st May 2024, again no interest was charged and is repayable on demand. |
KMS Distributions Limited had a loan balance of £775,766 due back to Direct Import Limited as at 31st May 2024. Again No interest was charged is repayable on demand. |
Grandiose Car Sales, a company controlled by the same director and shareholder owed Direct Import UK Limited £118,000 as at 31st May 2024, again no interest was charged and is repayable on demand. |
Purchases/management charges inc intercompany sales from KMS Distributions Limited. A company with associated ownership. |