IRIS Accounts Production v24.3.0.553 07744316 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077443162023-09-30077443162024-09-30077443162023-10-012024-09-30077443162022-09-30077443162022-10-012023-09-30077443162023-09-3007744316ns15:EnglandWales2023-10-012024-09-3007744316ns14:PoundSterling2023-10-012024-09-3007744316ns10:Director12023-10-012024-09-3007744316ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007744316ns10:SmallEntities2023-10-012024-09-3007744316ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007744316ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007744316ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007744316ns10:FullAccounts2023-10-012024-09-300774431612023-10-012024-09-3007744316ns10:OrdinaryShareClass12023-10-012024-09-3007744316ns10:RegisteredOffice2023-10-012024-09-3007744316ns5:CurrentFinancialInstruments2024-09-3007744316ns5:CurrentFinancialInstruments2023-09-3007744316ns5:Non-currentFinancialInstruments2024-09-3007744316ns5:Non-currentFinancialInstruments2023-09-3007744316ns5:ShareCapital2024-09-3007744316ns5:ShareCapital2023-09-3007744316ns5:RetainedEarningsAccumulatedLosses2024-09-3007744316ns5:RetainedEarningsAccumulatedLosses2023-09-3007744316ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007744316ns5:ComputerSoftware2023-10-012024-09-3007744316ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3007744316ns5:PlantMachinery2023-10-012024-09-3007744316ns5:FurnitureFittings2023-10-012024-09-3007744316ns5:MotorVehicles2023-10-012024-09-3007744316ns5:ComputerEquipment2023-10-012024-09-3007744316ns5:IntangibleAssetsOtherThanGoodwill2023-09-3007744316ns5:IntangibleAssetsOtherThanGoodwill2024-09-3007744316ns5:IntangibleAssetsOtherThanGoodwill2023-09-3007744316ns5:LandBuildings2023-09-3007744316ns5:PlantMachinery2023-09-3007744316ns5:LandBuildings2023-10-012024-09-3007744316ns5:LandBuildings2024-09-3007744316ns5:PlantMachinery2024-09-3007744316ns5:LandBuildings2023-09-3007744316ns5:PlantMachinery2023-09-3007744316ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3007744316ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007744316ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007744316ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3007744316ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3007744316ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3007744316ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3007744316ns5:HirePurchaseContracts2024-09-3007744316ns5:HirePurchaseContracts2023-09-3007744316ns5:WithinOneYear2024-09-3007744316ns5:WithinOneYear2023-09-3007744316ns5:BetweenOneFiveYears2024-09-3007744316ns5:BetweenOneFiveYears2023-09-3007744316ns5:MoreThanFiveYears2024-09-3007744316ns5:MoreThanFiveYears2023-09-3007744316ns5:AllPeriods2024-09-3007744316ns5:AllPeriods2023-09-3007744316ns5:Secured2024-09-3007744316ns5:Secured2023-09-3007744316ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 07744316 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DECOR TRADER LIMITED

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DECOR TRADER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr R S Kataria





REGISTERED OFFICE: 7 Cowley Mill Trading Estate
Longbridge Way
Cowley
Uxbridge
UB8 2YG





REGISTERED NUMBER: 07744316 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 865,123 881,875
865,123 881,875

CURRENT ASSETS
Inventories 6 561,532 547,471
Debtors 7 112,242 218,867
Cash at bank 6,653 21,549
680,427 787,887
CREDITORS
Amounts falling due within one year 8 252,053 205,619
NET CURRENT ASSETS 428,374 582,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,497

1,464,143

CREDITORS
Amounts falling due after more than one
year

9

(513,173

)

(621,337

)

PROVISIONS FOR LIABILITIES (9,371 ) (8,101 )
NET ASSETS 770,953 834,705

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 770,952 834,704
SHAREHOLDERS' FUNDS 770,953 834,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 13 March 2025 and were signed by:





Mr R S Kataria - Director


DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Decor Trader 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.

Going Concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Freehold property
The director(s) acknowledge the need to assess appropriate depreciation policies based upon historical cost less residual value. The freehold propertie(s) will be maintained to a high standard throughout the value in use period in order to meet industry regulations. The director(s) do not consider that the residual value of the freehold properties will reduce below the historical cost values.

Accordingly, the freehold properties have not been depreciated.

Stocks
Inventories 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 statement of financial position date.


DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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 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 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 12,995
AMORTISATION
At 1 October 2023
and 30 September 2024 12,995
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 788,396 192,358 980,754
Additions - 699 699
At 30 September 2024 788,396 193,057 981,453
DEPRECIATION
At 1 October 2023 - 98,879 98,879
Charge for year - 17,451 17,451
At 30 September 2024 - 116,330 116,330
NET BOOK VALUE
At 30 September 2024 788,396 76,727 865,123
At 30 September 2023 788,396 93,479 881,875

Included within Plant & machinery are assets held under Hire Purchase and Finance Lease Agreement. The assets held under such agreements include asset costs of £59,090 (2023 - £59,090) and accumulated depreciation of £25,852 (2023 - £14,773).

6. INVENTORIES
30/9/24 30/9/23
£    £   
Stocks 561,532 547,471

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 50,620 45,285
Other debtors 61,622 173,582
112,242 218,867

Included within Other debtors due within one year is NIL (2023 - £12,054) which is owed to the company by the company director and his immediate family. The loan is repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 116,949 85,624
Hire purchase contracts (see note 10) 9,700 9,700
Trade creditors 16,856 32,954
Amounts owed to associates 37,500 -
Taxation and social security 61,442 68,358
Other creditors 9,606 8,983
252,053 205,619

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 451,556 549,212
Hire purchase contracts (see note 10) 1,617 12,125
Other creditors 60,000 60,000
513,173 621,337

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 294,328 338,959

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/9/24 30/9/23
£    £   
Net obligations repayable:
Within one year 9,700 9,700
Between one and five years 1,617 12,125
11,317 21,825

Non-cancellable operating leases
30/9/24 30/9/23
£    £   
Within one year 76,875 76,875
Between one and five years 250,034 307,500
In more than five years - 34,461
326,909 418,836

The operating lease agreements relates to commercial premises.

DECOR TRADER LIMITED (REGISTERED NUMBER: 07744316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 551,048 631,487
Hire purchase contracts 11,317 21,825
562,365 653,312

The company has provided a fixed rent deposit deed for the term of the lease.

The indebtedness to the bank is secured by a fixed and floating legal charge over the company assets and a legal mortgage charge over its commercial property.

The coronavirus business interruption loan is substantially guaranteed by the government.

Hire purchase liabilities are secured against the assets to which they relate.

12. FINANCIAL INSTRUMENTS

The directors loan and other loans do not have a finite repayment date. Despite the loans being repayable on demand, they have been disclosed based upon the period the loans are likely to be repaid.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
1 Ordinary £1 1 1