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DIRECT TECHNOLOGY UK LIMITED

Registered Number
05335688
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

DIRECT TECHNOLOGY UK LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Directors

AZIZ, Kamran
OXLEY, John Edward Timothy

Registered Address

Eland House Eland Lane
Ponteland
Newcastle Upon Tyne
NE20 9TR

Registered Number

05335688 (England and Wales)
DIRECT TECHNOLOGY UK LIMITED
Balance Sheet as at
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31784,306
1784,306
Current assets
Stocks415,55045,425
Debtors217,060237,694
Cash at bank and on hand38,84248,946
271,452332,065
Creditors amounts falling due within one year5(230,667)(318,571)
Net current assets (liabilities)40,78513,494
Total assets less current liabilities40,96317,800
Creditors amounts falling due after one year6(30,000)(25,000)
Net assets10,963(7,200)
Capital and reserves
Called up share capital100100
Profit and loss account10,863(7,300)
Shareholders' funds10,963(7,200)
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2025, and are signed on its behalf by:
AZIZ, Kamran
Director
Registered Company No. 05335688
DIRECT TECHNOLOGY UK LIMITED
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services by reference to the stage of completion of the contract. The stage of completion of the contract is measured comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of the recoverable expenses when the outcome of a contract cannot be measured reliably.
Revenue from sale of goods
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, stated net of discounts and value added tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable the future economic benefits will flow to the company.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans with related parties. Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.
2.Average number of employees

20252024
Average number of employees during the year1415
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 2466,62632466,950
Disposals(21,650)-(21,650)
At 31 January 2544,97632445,300
Depreciation and impairment
At 01 February 2462,5638162,644
Charge for year4,063654,128
On disposals(21,650)-(21,650)
At 31 January 2544,97614645,122
Net book value
At 31 January 25-178178
At 31 January 244,0632434,306
4.Stocks

2025

2024

££
Work in progress15,55045,425
Total15,55045,425
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables24,326110,512
Taxation and social security34,75937,153
Other creditors90,41292,321
Accrued liabilities and deferred income81,17078,585
Total230,667318,571
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts15,00025,000
Other creditors15,000-
Total30,00025,000
7.Related party transactions
Included in other creditors are amounts of £50,316 due to the directors. These loans are interest free, unsecured and repayable on demand.