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REGISTERED NUMBER: 08751623 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024

FOR

DLS DESIGN PARTNERSHIP LTD

DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 8

DLS DESIGN PARTNERSHIP LTD

COMPANY INFORMATION
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024







DIRECTORS: D Levene
S L Levene
L Levene





REGISTERED OFFICE: Unit 8 Broadbent Close
London
N6 5JW





REGISTERED NUMBER: 08751623 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
London
HA8 7LW

DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

STATEMENT OF FINANCIAL POSITION
26 MARCH 2024

26.3.24 27.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,011,367 1,022,527
Cash at bank 64,493 49,084
1,075,860 1,071,611
CREDITORS
Amounts falling due within one year 5 (1,023,890 ) (1,021,478 )
NET CURRENT ASSETS 51,970 50,133
TOTAL ASSETS LESS CURRENT LIABILITIES 51,970 50,133

CREDITORS
Amounts falling due after more than one
year

6

(13,333

)

(23,333

)
NET ASSETS 38,637 26,800

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 38,487 26,650
SHAREHOLDERS' FUNDS 38,637 26,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 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.

DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

STATEMENT OF FINANCIAL POSITION - continued
26 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 March 2025 and were signed on its behalf by:





D Levene - Director


DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


1. STATUTORY INFORMATION

DLS Design Partnership Ltd 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Monetary amounts are rounded to the nearest pound.

Turnover
Turnover represents net invoiced sales of interior design and architectural services, excluding value added tax.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortise cost using the effective interest method, less any impairment

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfer the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired int he ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method.


DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 27.3.23
£    £   
Trade debtors - 87,197
Other debtors 1,011,367 935,330
1,011,367 1,022,527

DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 27.3.23
£    £   
Bank loans and overdrafts (see note 7) 10,000 10,000
Trade creditors 118,054 126,985
Taxation and social security 211,737 197,998
Other creditors 684,099 686,495
1,023,890 1,021,478

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
26.3.24 27.3.23
£    £   
Bank loans (see note 7) 13,333 23,333

7. LOANS

An analysis of the maturity of loans is given below:

26.3.24 27.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,333 13,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 26.3.24 27.3.23
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
50 Ordinary C 1 50 50
150 150

9. RELATED PARTY DISCLOSURES

During the year the company repaid loans to the directors leaving a balance of £20,000.

Experience Property Consultants Limited

A company under common control

DLS DESIGN PARTNERSHIP LTD (REGISTERED NUMBER: 08751623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024



26.3.24 27.3.23
£    £   
Amount due to related party at the balance sheet date 655,516 602,709

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DLS DESIGN PARTNERSHIP LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DLS Design Partnership Ltd for the period ended 26 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DLS Design Partnership Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DLS Design Partnership Ltd and state those matters that we have agreed to state to the Board of Directors of DLS Design Partnership Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DLS Design Partnership Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DLS Design Partnership Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DLS Design Partnership Ltd. You consider that DLS Design Partnership Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of DLS Design Partnership Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
London
HA8 7LW


21 March 2025