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Registered number: 10502402
DS Home Direct Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10502402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,895 22,528
16,895 22,528
CURRENT ASSETS
Stocks 5 26,070 1,750
Debtors 6 23,857 48,217
49,927 49,967
Creditors: Amounts Falling Due Within One Year 7 (94,026 ) (64,318 )
NET CURRENT ASSETS (LIABILITIES) (44,099 ) (14,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,204 ) 8,177
Creditors: Amounts Falling Due After More Than One Year 8 (13,633 ) (16,958 )
NET LIABILITIES (40,837 ) (8,781 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (40,937 ) (8,881 )
SHAREHOLDERS' FUNDS (40,837) (8,781)
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D Ntouke
Director
29 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
DS Home Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10502402 . The registered office is Unit 1 1 Wellington Road, Portslade, Brighton, BN41 1DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are depreciated over their useful lives.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 40,248 28,045 5,160 73,453
As at 30 November 2024 40,248 28,045 5,160 73,453
Depreciation
As at 1 December 2023 30,277 17,073 3,575 50,925
Provided during the period 2,493 2,743 397 5,633
As at 30 November 2024 32,770 19,816 3,972 56,558
Net Book Value
As at 30 November 2024 7,478 8,229 1,188 16,895
As at 1 December 2023 9,971 10,972 1,585 22,528
5. Stocks
2024 2023
£ £
Stock 26,070 -
Materials - 1,750
26,070 1,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,398 39,474
Amounts owed by participating interests - 4,284
Other debtors 4,459 4,459
23,857 48,217
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,098 2,219
Bank loans and overdrafts 22,366 26,168
Other creditors 56,077 26,060
Taxation and social security 11,485 9,871
94,026 64,318
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,633 16,958
Page 5