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REGISTERED NUMBER: 04309837 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DIRECT SUPPLY (UK) LIMITED

DIRECT SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECT SUPPLY (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: D J Lane





REGISTERED OFFICE: No. 1 Business Centre
1-11 Alvin Street
Gloucester
Gloucestershire
GL19 4BP





REGISTERED NUMBER: 04309837 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

DIRECT SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,295 31,341

CURRENT ASSETS
Stocks 15,943 29,044
Debtors 5 30,378 17,001
Cash at bank 19,433 32,251
65,754 78,296
CREDITORS
Amounts falling due within one year 6 (103,326 ) (86,662 )
NET CURRENT LIABILITIES (37,572 ) (8,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,277

)

22,975

CREDITORS
Amounts falling due after more than one
year

7

(6,250

)

(8,978

)

PROVISIONS FOR LIABILITIES (3,096 ) (1,184 )
NET (LIABILITIES)/ASSETS (30,623 ) 12,813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,723 ) 12,713
SHAREHOLDERS' FUNDS (30,623 ) 12,813

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 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 SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)

BALANCE SHEET - continued
31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





D Lane - Director


DIRECT SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)

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

1. STATUTORY INFORMATION

Direct Supply (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The director is of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% straight line
Computer equipment - 25% 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 Profit and loss account, 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.

DIRECT SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)

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

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 15,307 11,411 57,300 9,730 93,748
DEPRECIATION
At 1 November 2023 15,307 10,050 28,650 8,400 62,407
Charge for year - 388 14,325 333 15,046
At 31 October 2024 15,307 10,438 42,975 8,733 77,453
NET BOOK VALUE
At 31 October 2024 - 973 14,325 997 16,295
At 31 October 2023 - 1,361 28,650 1,330 31,341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,950 16,995
Other debtors 4,428 -
Tax - 6
30,378 17,001

DIRECT SUPPLY (UK) LIMITED (REGISTERED NUMBER: 04309837)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,118 21,248
Amounts owed to group undertakings 50,756 43,328
Tax - 4,428
Social security and other taxes 9,165 9,423
Other creditors 668 315
Directors' current accounts 4,619 4,920
Accrued expenses 3,000 3,000
103,326 86,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 3,250 5,978
6,250 8,978

8. RELATED PARTY DISCLOSURES

At 31 October 2024 the company owed £50,756 (2023 £43,327) to Hippo Surprise Ltd. During the year the company paid dividends to Hippo Surprise Ltd of £0 (2022 £0).

The ultimate controlling party is Hippo Surprise Ltd. Direct Supply Ltd is a wholly owned subsidiary of Hippo Surprise Ltd.