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REGISTERED NUMBER: 04219666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

DIRECT TEXTILE IMPORTS LIMITED

DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

DIRECT TEXTILE IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: G A Marsh





SECRETARY: MS L Pike





REGISTERED OFFICE: The Well House Whitehouse Business Centr
Gaddesden Row
Hemel Hempstead
HP2 6HG





REGISTERED NUMBER: 04219666 (England and Wales)





ACCOUNTANTS: MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG

DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 68

CURRENT ASSETS
Debtors 5 505,504 471,932
Cash at bank 5,158 1,812
510,662 473,744
CREDITORS
Amounts falling due within one year 6 126,076 120,787
NET CURRENT ASSETS 384,586 352,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,586

353,025

CREDITORS
Amounts falling due after more than one
year

7

(78,163

)

(32,625

)

PROVISIONS FOR LIABILITIES 8 - (13 )
NET ASSETS 306,423 320,387

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 306,421 320,385
SHAREHOLDERS' FUNDS 306,423 320,387

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

BALANCE SHEET - continued
31 JULY 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 16 April 2025 and were signed by:





G A Marsh - Director


DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Direct Textile Imports 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.

The accounts have been prepared on a going concern basis, on the understanding that the director will continue to financially support the company with any ongoing liabilities.

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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Other Comprehensive Income, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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 5 (2023 - 5 ) .

DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 1,649
DEPRECIATION
At 1 August 2023 1,581
Charge for year 68
At 31 July 2024 1,649
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 68

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 33,535 42,385
Amounts owed by group undertakings 469,793 427,335
Other debtors 2,176 2,212
505,504 471,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 37,703 -
Trade creditors 27,663 39,373
Taxation and social security 53,971 75,900
Other creditors 6,739 5,514
126,076 120,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 51,056 -
Other creditors 27,107 32,625
78,163 32,625

8. PROVISIONS FOR LIABILITIES
31/7/24 31/7/23
£    £   
Deferred tax - 13

DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 13
Balance at 31 July 2024 13

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 August 2023 320,385
Deficit for the year (13,964 )
At 31 July 2024 306,421

11. RELATED PARTY DISCLOSURES

UK Curtains and Interiors Limited

A company in which Mr Gurdikyan is a shareholder


31/7/24 31/7/23
£    £   
Amount due to related party at the balance sheet date 72,227 72,513

Arevdour Limited

A company in which Mr Gurdikyan is a shareholder


31/7/24 31/7/23
£    £   
Amount due from/(to) related party at the balance sheet date 39,424 (11,448 )

Marsh Pike and Walker Limited

A company in which Mr Gurdikyan is a shareholder


31/7/24 31/7/23
£    £   
Amount due from related party at the balance sheet date 513,906 512,606

DIRECT TEXTILE IMPORTS LIMITED (REGISTERED NUMBER: 04219666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

12. ULTIMATE CONTROLLING PARTY

The controlling party is G A Marsh.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIRECT TEXTILE IMPORTS LIMITED

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Direct Textile Imports Limited for the year ended 31 July 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Direct Textile Imports Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Direct Textile Imports Limited and state those matters that we have agreed to state to the director of Direct Textile Imports Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Direct Textile Imports Limited 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 loss of Direct Textile Imports Limited. You consider that Direct Textile Imports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Direct Textile Imports Limited. 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.






MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG


16 April 2025