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Company Registration No. 11506215 (England and Wales)
DESIGN SILVER FISH UK LTD Unaudited accounts for the year ended 31 August 2024
DESIGN SILVER FISH UK LTD Unaudited accounts Contents
Page
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DESIGN SILVER FISH UK LTD Company Information for the year ended 31 August 2024
Director
Mrs YOUNSOOK IM
Company Number
11506215 (England and Wales)
Registered Office
69 Station Road Hampton Greater London TW12 2BT United Kingdom
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DESIGN SILVER FISH UK LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
895,733 
531,343 
Current assets
Debtors
65,528 
123,012 
Cash at bank and in hand
51,468 
11,785 
116,996 
134,797 
Creditors: amounts falling due within one year
(1,974)
(16,007)
Net current assets
115,022 
118,790 
Total assets less current liabilities
1,010,755 
650,133 
Creditors: amounts falling due after more than one year
(820,747)
(730,769)
Net assets/(liabilities)
190,008 
(80,636)
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
90,008 
(180,636)
Shareholders' funds
190,008 
(80,636)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2025 and were signed on its behalf by
Mrs YOUNSOOK IM Director Company Registration No. 11506215
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DESIGN SILVER FISH UK LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
DESIGN SILVER FISH UK LTD is a private company, limited by shares, registered in England and Wales, registration number 11506215. The registered office is 69 Station Road, Hampton, Greater London, TW12 2BT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Going concern
At the time of approving the financial statements, the director has reasonable expectation that the company as an overseas subsidiary has adequate resources to continue in operational existence for the foreseeable future. Thus the director as a overseas representative of the parent entity in South Korea continues to adopt the going concern basis of accounting in preparing the financial statements.
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DESIGN SILVER FISH UK LTD Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
564,000 
11,031 
5,595 
580,626 
Additions
431,834 
- 
- 
431,834 
At 31 August 2024
995,834 
11,031 
5,595 
1,012,460 
Depreciation
At 1 September 2023
37,600 
7,416 
4,267 
49,283 
Charge for the year
66,389 
723 
332 
67,444 
At 31 August 2024
103,989 
8,139 
4,599 
116,727 
Net book value
At 31 August 2024
891,845 
2,892 
996 
895,733 
At 31 August 2023
526,400 
3,615 
1,328 
531,343 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
53,377 
113,012 
Accrued income and prepayments
2,151 
- 
Other debtors
10,000 
10,000 
65,528 
123,012 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
2,900 
Accruals
1,974 
13,107 
1,974 
16,007 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,465 
27,086 
Other creditors
804,282 
703,683 
820,747 
730,769 
The parent entity in South Korea has funded GBP 100,000 as a shareholder's capital contribution and GBP 804,282 for the year ended 31 August 2024 for an active operation of its UK subsidiary.
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DESIGN SILVER FISH UK LTD Notes to the Accounts for the year ended 31 August 2024
8
Controlling party
The ultimate controlling parties are as follows: By virtue of its relevant legal entity's 100% shareholding; DESIGN SILVERFISH CO., LTD (Registration No. 105 - 81- 96310) 28, Jahamun-ro, 10-gil, Jongno-gu Seoul South Korea and By virtue of its director's significant influence or control; Mrs YOUNSOOK IM Flat 64 Marquis House 45 Beadon Road London W6 0BT United Kingdom.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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