IRIS Accounts Production v25.2.0.378 06448367 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064483672023-12-31064483672024-12-31064483672024-01-012024-12-31064483672022-12-31064483672023-01-012023-12-31064483672023-12-3106448367ns15:EnglandWales2024-01-012024-12-3106448367ns14:PoundSterling2024-01-012024-12-3106448367ns10:Director12024-01-012024-12-3106448367ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106448367ns10:SmallEntities2024-01-012024-12-3106448367ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106448367ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106448367ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106448367ns10:FullAccounts2024-01-012024-12-310644836712024-01-012024-12-3106448367ns10:CompanySecretary12024-01-012024-12-3106448367ns10:RegisteredOffice2024-01-012024-12-3106448367ns5:CurrentFinancialInstruments2024-12-3106448367ns5:CurrentFinancialInstruments2023-12-3106448367ns5:Non-currentFinancialInstruments2024-12-3106448367ns5:Non-currentFinancialInstruments2023-12-3106448367ns5:ShareCapital2024-12-3106448367ns5:ShareCapital2023-12-3106448367ns5:RetainedEarningsAccumulatedLosses2024-12-3106448367ns5:RetainedEarningsAccumulatedLosses2023-12-3106448367ns5:NetGoodwill2024-01-012024-12-3106448367ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3106448367ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3106448367ns5:FurnitureFittings2024-01-012024-12-3106448367ns5:MotorVehicles2024-01-012024-12-3106448367ns5:ComputerEquipment2024-01-012024-12-3106448367ns5:NetGoodwill2023-12-3106448367ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3106448367ns5:NetGoodwill2024-12-3106448367ns5:PatentsTrademarksLicencesConcessionsSimilar2024-12-3106448367ns5:NetGoodwill2023-12-3106448367ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3106448367ns5:FurnitureFittings2023-12-3106448367ns5:MotorVehicles2023-12-3106448367ns5:ComputerEquipment2023-12-3106448367ns5:FurnitureFittings2024-12-3106448367ns5:MotorVehicles2024-12-3106448367ns5:ComputerEquipment2024-12-3106448367ns5:FurnitureFittings2023-12-3106448367ns5:MotorVehicles2023-12-3106448367ns5:ComputerEquipment2023-12-3106448367ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3106448367ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3106448367ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3106448367ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3106448367ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106448367ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106448367ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3106448367ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3106448367ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3106448367ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3106448367ns5:HirePurchaseContracts2024-12-3106448367ns5:HirePurchaseContracts2023-12-3106448367ns5:WithinOneYear2024-12-3106448367ns5:WithinOneYear2023-12-3106448367ns5:BetweenOneFiveYears2024-12-3106448367ns5:BetweenOneFiveYears2023-12-3106448367ns5:AllPeriods2024-12-3106448367ns5:AllPeriods2023-12-31
REGISTERED NUMBER: 06448367 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OFFICE NEEDS DIRECT (UK) LIMITED

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OFFICE NEEDS DIRECT (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr T N Bate





SECRETARY: Mr T N Bate





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 06448367 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,545 8,126
Tangible assets 5 57,766 76,551
63,311 84,677

CURRENT ASSETS
Debtors 6 33,655 121,970
Cash at bank 137,182 209,051
170,837 331,021
CREDITORS
Amounts falling due within one year 7 97,075 160,541
NET CURRENT ASSETS 73,762 170,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,073

255,157

CREDITORS
Amounts falling due after more than one
year

8

-

(18,107

)

PROVISIONS FOR LIABILITIES (7,585 ) (11,455 )
NET ASSETS 129,488 225,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,388 225,495
SHAREHOLDERS' FUNDS 129,488 225,595

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 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.

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

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 director and authorised for issue on 26 August 2025 and were signed by:





Mr T N Bate - Director


OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

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

1. STATUTORY INFORMATION

Office Needs Direct (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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost and 25% on reducing balance

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.

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Trademarks Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 50,000 810 50,810
AMORTISATION
At 1 January 2024 42,500 184 42,684
Amortisation for year 2,500 81 2,581
At 31 December 2024 45,000 265 45,265
NET BOOK VALUE
At 31 December 2024 5,000 545 5,545
At 31 December 2023 7,500 626 8,126

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

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

5. TANGIBLE FIXED ASSETS
Motor Office
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,036 149,109 8,769 158,914
Additions - - 1,478 1,478
Disposals - - (662 ) (662 )
At 31 December 2024 1,036 149,109 9,585 159,730
DEPRECIATION
At 1 January 2024 537 75,791 6,035 82,363
Charge for year 125 18,329 1,623 20,077
Eliminated on disposal - - (476 ) (476 )
At 31 December 2024 662 94,120 7,182 101,964
NET BOOK VALUE
At 31 December 2024 374 54,989 2,403 57,766
At 31 December 2023 499 73,318 2,734 76,551

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 32,322
DEPRECIATION
At 1 January 2024 14,141
Charge for year 4,545
At 31 December 2024 18,686
NET BOOK VALUE
At 31 December 2024 13,636
At 31 December 2023 18,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,418 110,107
Other debtors 1,875 6,875
Corporation tax 47 47
Prepayments 3,315 4,941
33,655 121,970

OFFICE NEEDS DIRECT (UK) LIMITED (REGISTERED NUMBER: 06448367)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 18,107 3,074
Trade creditors 49,660 137,943
Social security and other taxes 26,308 16,842
Director's current account 25 12
Accrued expenses 2,975 2,670
97,075 160,541

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 18,107

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,107 3,074
Between one and five years - 18,107
18,107 21,181

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 5,615 9,625
Between one and five years - 5,615
5,615 15,240