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REGISTERED NUMBER: 02345460 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

THE DIRECT DESIGN STUDIO LIMITED

THE DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

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


THE DIRECT DESIGN STUDIO LIMITED

Company Information
for the year ended 31 October 2024







Directors: D P Britton
N R Goodman
A Hamilton Smith





Secretary: D P Britton





Registered office: Grapes House
79a High Street
Esher
Surrey
KT10 9QA





Registered number: 02345460 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

THE DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 4,189 353
4,189 353

Current assets
Stocks 16,000 15,818
Debtors 6 462,482 422,014
Cash at bank 5,335 22,825
483,817 460,657
Creditors
Amounts falling due within one year 7 333,234 289,662
Net current assets 150,583 170,995
Total assets less current liabilities 154,772 171,348

Creditors
Amounts falling due after more than one
year

8

(7,533

)

(17,554

)

Provisions for liabilities (1,047 ) (163 )
Net assets 146,192 153,631

Capital and reserves
Called up share capital 10 120,000 120,000
Retained earnings 26,192 33,631
Shareholders' funds 146,192 153,631

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 DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

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 Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





N R Goodman - Director


THE DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

Notes to the Financial Statements
for the year ended 31 October 2024


1. Statutory information

The Direct Design Studio 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.

Turnover
The turnover shown in the profit and loss account represents fees receivable for services provided during the year.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows;

Goodwill - 10% per annum on cost

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 - 33% on cost

All fixed assets are initially recorded at cost.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


THE DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

Notes to the Financial Statements - continued
for the year ended 31 October 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.

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 7 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023
and 31 October 2024 160,772
Amortisation
At 1 November 2023
and 31 October 2024 160,772
Net book value
At 31 October 2024 -
At 31 October 2023 -

5. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 November 2023 10,154
Additions 5,486
At 31 October 2024 15,640
Depreciation
At 1 November 2023 9,801
Charge for year 1,650
At 31 October 2024 11,451
Net book value
At 31 October 2024 4,189
At 31 October 2023 353

THE DIRECT DESIGN STUDIO LIMITED (REGISTERED NUMBER: 02345460)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 260,013 219,814
Other debtors 202,469 202,200
462,482 422,014

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 174,424 160,806
Hire purchase contracts 2,826 -
Trade creditors 50,518 40,583
Taxation and social security 98,897 78,772
Other creditors 6,569 9,501
333,234 289,662

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 7,533 17,554

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 164,404 150,786

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
120,000 Ordinary shares £1 120,000 120,000

11. Related party disclosures

The directors owed the company £155,409 (2023: £155,409) at the year end. The loans are interest free and repayable on demand.