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REGISTERED NUMBER: 06419337 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DIRECT GLOBAL TRADING LTD

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECT GLOBAL TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr E G Riby
Mr W Robinson



SECRETARY: Mr E G Riby



REGISTERED OFFICE: Unit 9 Strafford Industrial Estate
Gilroyd Lane
Dodworth
Barnsley
South Yorkshire
S75 3EJ



REGISTERED NUMBER: 06419337 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Santander
26-28 High Street
Sheffield
South Yorkshire
S1 2GE

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,667 5,667
Tangible assets 5 86,743 114,666
88,410 120,333

CURRENT ASSETS
Stocks 264,775 628,731
Debtors 6 331,271 39,171
Cash at bank and in hand 595,070 963,067
1,191,116 1,630,969
CREDITORS
Amounts falling due within one year 7 522,187 942,790
NET CURRENT ASSETS 668,929 688,179
TOTAL ASSETS LESS CURRENT LIABILITIES 757,339 808,512

CREDITORS
Amounts falling due after more than one
year

8

(7,083

)

(9,583

)

PROVISIONS FOR LIABILITIES (18,691 ) (21,605 )
NET ASSETS 731,565 777,324

CAPITAL AND RESERVES
Called up share capital 10 60 60
Capital redemption reserve 60 60
Retained earnings 731,445 777,204
SHAREHOLDERS' FUNDS 731,565 777,324

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

BALANCE SHEET - continued
31ST DECEMBER 2024


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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:





Mr E G Riby - Director


DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Direct Global Trading Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Website development costs
Website development costs are initially measured at cost. After initial recognition, the assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are written off over their estimated useful economic lives of 4 years on a straight line basis.

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% and 33% on reducing balance
Leasehold Property
Improvements

- 10% and 20% straight line
Motor Vehicles- 25% reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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.

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1st January 2024
and 31st December 2024 37,842
AMORTISATION
At 1st January 2024 32,175
Amortisation for year 4,000
At 31st December 2024 36,175
NET BOOK VALUE
At 31st December 2024 1,667
At 31st December 2023 5,667

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
Property Plant and and Motor
Improvement machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2024 85,804 99,554 80,998 13,800 280,156
Additions 7,835 1,172 699 - 9,706
Disposals - (25,055 ) - - (25,055 )
At 31st December 2024 93,639 75,671 81,697 13,800 264,807
DEPRECIATION
At 1st January 2024 44,061 54,847 61,838 4,744 165,490
Charge for year 15,847 7,501 4,552 2,264 30,164
Eliminated on disposal - (17,590 ) - - (17,590 )
At 31st December 2024 59,908 44,758 66,390 7,008 178,064
NET BOOK VALUE
At 31st December 2024 33,731 30,913 15,307 6,792 86,743
At 31st December 2023 41,743 44,707 19,160 9,056 114,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,337 80
Other debtors 70,754 15,369
Directors' current accounts 91,050 -
VAT 18,538 -
Prepayments and accrued income 87,592 23,722
331,271 39,171

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 2,500 2,500
Trade creditors 451,017 495,879
Corporation tax 38,566 -
Social security and other taxes 7,221 9,989
VAT - 312,631
Other creditors 15,086 96,304
Directors' current accounts - 2,370
Accruals and deferred income 7,797 23,117
522,187 942,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 7,083 9,583

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,500 2,500
Between one and five years 7,083 9,583
9,583 12,083

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 94,000 23,500
Between one and five years 117,500 164,500
211,500 188,000

DIRECT GLOBAL TRADING LTD (REGISTERED NUMBER: 06419337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52 'A' Ordinary £1 52 52
3 'B' Ordinary £1 3 3
2 D Ordinary £1 2 2
3 C Ordinary £1 3 3
60 60

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr E G Riby
Balance outstanding at start of year - -
Amounts advanced 176,511 -
Amounts repaid (85,461 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,050 -

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Direct Global Investments Limited by virtue of its 100% shareholding.