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REGISTERED NUMBER: 01262376 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DECORFOLIA LIMITED

DECORFOLIA LIMITED (REGISTERED NUMBER: 01262376)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DECORFOLIA LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: M J Fryer
Mrs P M Butt





SECRETARY: P G V Butt





REGISTERED OFFICE: Pauls Lane
Sway
Lymington
Hampshire
SO41 6BR





REGISTERED NUMBER: 01262376 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

DECORFOLIA LIMITED (REGISTERED NUMBER: 01262376)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 21,800 8,331

CURRENT ASSETS
Stocks 5,222 2,186
Debtors 5 9,662 14,058
Cash at bank 130,537 103,462
145,421 119,706
CREDITORS
Amounts falling due within one year 6 36,597 33,946
NET CURRENT ASSETS 108,824 85,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,624

94,091

PROVISIONS FOR LIABILITIES 1,293 1,583
NET ASSETS 129,331 92,508

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 128,331 91,508
SHAREHOLDERS' FUNDS 129,331 92,508

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 7 April 2025 and were signed on its behalf by:



Mrs P M Butt - Director


DECORFOLIA LIMITED (REGISTERED NUMBER: 01262376)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Decorfolia 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.
Plant and machinery - 25% on cost, 20% on cost and 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

DECORFOLIA LIMITED (REGISTERED NUMBER: 01262376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized 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 recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.


Employment benefits
The costs of short-term employee benefits are recognized as a liability and an expense, unless those costs are required to be recognized as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognized in the period in which the employee's services are received

Termination benefits are recognized immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 51,663 16,075 29,335 6,951 104,024
Additions - - 19,995 - 19,995
Disposals - - (6,850 ) - (6,850 )
At 31 October 2024 51,663 16,075 42,480 6,951 117,169
DEPRECIATION
At 1 November 2023 46,943 15,417 26,565 6,768 95,693
Charge for year 708 66 5,691 61 6,526
Eliminated on disposal - - (6,850 ) - (6,850 )
At 31 October 2024 47,651 15,483 25,406 6,829 95,369
NET BOOK VALUE
At 31 October 2024 4,012 592 17,074 122 21,800
At 31 October 2023 4,720 658 2,770 183 8,331

DECORFOLIA LIMITED (REGISTERED NUMBER: 01262376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,266 12,744
Other debtors 1,396 1,314
9,662 14,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 185 4,888
Taxation and social security 16,666 11,870
Other creditors 19,746 17,188
36,597 33,946

7. RELATED PARTY DISCLOSURES

During the year the company was in receipt of a loan from the directors amounting to £14,311 (2023: £13,999). No interest is charged on the loan which is repayable on demand.

During the year the company paid rent for the premises to Mrs P Butt amounting to £2,400 (2023 - £2,400).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs P M Butt by virtue of her shareholding.