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REGISTERED NUMBER: 07842265 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Decor Systems Limited

Decor Systems Limited (Registered number: 07842265)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Decor Systems Limited (Registered number: 07842265)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,781 -
Tangible assets 5 6,739 13,733
17,520 13,733

CURRENT ASSETS
Stocks 218,317 259,927
Debtors 6 549,253 726,306
767,570 986,233
CREDITORS
Amounts falling due within one year 7 (365,068 ) (572,641 )
NET CURRENT ASSETS 402,502 413,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,022

427,325

CREDITORS
Amounts falling due after more than one
year

8

(165,173

)

(178,417

)
NET ASSETS 254,849 248,908

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 254,749 248,808
254,849 248,908

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

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

Decor Systems Limited (Registered number: 07842265)

Balance Sheet - continued
31 December 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 13 May 2025 and were signed on its behalf by:




Mr H D McCreadie - Director



Mr R McCreadie - Director


Decor Systems Limited (Registered number: 07842265)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Decor Systems Limited is a private company, limited by shares, domiciled in England, registration number 07842265. The registered office is New Street, Kelham Street Industrial Estate, Doncaster, South Yorkshire, England, DN1 3QU.

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 comprises value of the services supplied by the company in the year, exclusive of Value Added Tax. Turnover on long-term contracts is recognised at the appropriate stage of completion and is assessed on a contract by contract basis.

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.

Brand development are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


Decor Systems Limited (Registered number: 07842265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Long term contracts
The company classifies as long term those contracts where the contract activity extends over more than one accounting period.

Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as total costs to date plus expected gross markup for that contract.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable are included in trade debtors. Payments on account received in excess of the value of work done are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Decor Systems Limited (Registered number: 07842265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 11,500
At 31 December 2024 11,500
AMORTISATION
Charge for year 719
At 31 December 2024 719
NET BOOK VALUE
At 31 December 2024 10,781

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 68,414
Additions 4,350
Disposals (12,418 )
At 31 December 2024 60,346
DEPRECIATION
At 1 January 2024 54,681
Charge for year 11,344
Eliminated on disposal (12,418 )
At 31 December 2024 53,607
NET BOOK VALUE
At 31 December 2024 6,739
At 31 December 2023 13,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 201,744 373,344
Amounts recoverable on contract 281,034 284,170
Other debtors 66,475 68,792
549,253 726,306

Decor Systems Limited (Registered number: 07842265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 254,431 335,661
Trade creditors 54,828 94,739
Taxation and social security 29,559 92,100
Other creditors 26,250 50,141
365,068 572,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,675 14,302
Other creditors 160,498 164,115
165,173 178,417

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 244,294 325,013

The bank overdraft is secured by personal guarantees from each of the shareholders at a level of £100,000 each.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr R McCreadie
Balance outstanding at start of year 2,428 -
Amounts advanced - 2,428
Amounts repaid (23,313 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,885 ) 2,428

Mr H D McCreadie
Balance outstanding at start of year 20,944 -
Amounts advanced - 20,944
Amounts repaid (5,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,344 20,944

Decor Systems Limited (Registered number: 07842265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RELATED PARTY DISCLOSURES

Included within other creditors are loans owed to family members of the shareholders of £160,498 (2023: £201,971) of which £160,498 (2023: £164,115) is due in greater than one year. All loans are interest free.