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REGISTERED NUMBER: 06251225 (England and Wales)









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: MR K SHELTON





SECRETARY: ESSEX SECRETARIAL





REGISTERED OFFICE: SUITE L
RADFORD BUSINESS CENTRE
RADFORD WAY
BILLERICAY
Essex
CM12 0BZ





REGISTERED NUMBER: 06251225 (England and Wales)





ACCOUNTANTS: DANIEL JAMES
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 4 109,466 26,000

CURRENT ASSETS
Stocks 815,732 -
Debtors 5 2,118,455 2,546,694
Cash at bank 2,224,777 2,654,323
5,158,964 5,201,017
CREDITORS
Amounts falling due within one year 6 1,418,577 1,636,113
NET CURRENT ASSETS 3,740,387 3,564,904
TOTAL ASSETS LESS CURRENT LIABILITIES 3,849,853 3,590,904

PROVISIONS FOR LIABILITIES 7,783 6,500
NET ASSETS 3,842,070 3,584,404

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,842,069 3,584,403
SHAREHOLDERS' FUNDS 3,842,070 3,584,404

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 25 February 2025 and were signed by:





MR K SHELTON - Director


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 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.

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

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 32,500
Additions 110,833
At 31 May 2024 143,333
DEPRECIATION
At 1 June 2023 6,500
Charge for year 27,367
At 31 May 2024 33,867
NET BOOK VALUE
At 31 May 2024 109,466
At 31 May 2023 26,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 269,109 193,705
Amounts owed by participating interests 1,849,346 2,352,989
2,118,455 2,546,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 318,345 1,673
Amounts owed to participating interests 775,767 -
Taxation and social security 308,929 359,439
Other creditors 15,536 1,275,001
1,418,577 1,636,113

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.