REGISTERED NUMBER: 08157279 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

DO Interiors Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

108,874

562,547

CURRENT ASSETS

Stocks

-

3,120

Debtors

5

797,938

620,934

Cash at bank

970,643

-

1,768,581

624,054

CREDITORS

Amounts falling due within one year

6

(1,345,654

)

(527,267

)

NET CURRENT ASSETS

422,927

96,787

TOTAL ASSETS LESS CURRENT LIABILITIES

531,801

659,334

PROVISIONS FOR LIABILITIES

(8,119

)

-

NET ASSETS

523,682

659,334

CAPITAL AND RESERVES

Called up share capital

240

100

Retained earnings

523,442

659,234

523,682

659,334

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr M Paterson - Director

1.	STATUTORY INFORMATION

DO Interiors Limited is a private company, limited by shares, domiciled in England, registration number 08157279. The registered office is Unit P4, Europa Link, Sheffield, England, S9 1XU.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services in respect of product handling solutions and office fit outs, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Turnover comprises the fair value of construction carried out in the year, based on an internal assessment of work carried out. Once the outcome of a construction contract can be estimated reliably, profit is recognised on a stage of contract completion basis by reference to either costs incurred to date and total forecast costs on the contract as a whole, or certified value.

Losses expected in bringing a contract to completion are recognised immediately as soon as they are forecast. Where the outcome of variations is uncertain, the company only recognised turnover and associated profit where it is probable that the client will approve the variation. Where the outcome of claims is uncertain, the company only recognises turnover when negotiations have reached an advanced stage such that it is probable that the customer will accept the claim.

Amounts due from construction contract customers which are included within debtors, represent turnover less progress payments received. Where progress payments exceed turnover and other contact balances, the excess is shown as amounts due to construction contract customers within current liabilities.

Tangible fixed assets and depreciation

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. In the cash-flow statement, cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

514,120

-

2,232

Additions

-

71,464

-

Disposals

(283,286

)

-

-

Impairments

(230,834

)

-

-

At 31 December 2024

-

71,464

2,232

DEPRECIATION

At 1 January 2024

-

-

1,388

Charge for year

-

-

211

At 31 December 2024

-

-

1,599

NET BOOK VALUE

At 31 December 2024

-

71,464

633

At 31 December 2023

514,120

-

844

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

32,803

60,750

609,905

Additions

1,261

-

72,725

Disposals

-

-

(283,286

)

Impairments

-

-

(230,834

)

At 31 December 2024

34,064

60,750

168,510

DEPRECIATION

At 1 January 2024

19,406

26,564

47,358

Charge for year

3,524

8,543

12,278

At 31 December 2024

22,930

35,107

59,636

NET BOOK VALUE

At 31 December 2024

11,134

25,643

108,874

At 31 December 2023

13,397

34,186

562,547

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

692,542

194,741

Amounts owed by group undertakings

-

407,000

Amounts recoverable on contract

79,636

-

Other debtors

-

1,000

Prepayments

25,760

18,193

797,938

620,934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

81,754

Trade creditors

543,653

95,891

Amounts owed to group undertakings

69,450

-

Tax

231,025

-

Social security and other taxes

15,181

14,439

VAT

188,796

83,265

Other creditors

16,144

-

Accruals and deferred income

281,405

251,918

1,345,654

527,267

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

Due to the purchase of the company on 31 March 2024 we were not appointed as auditor of the company until after 31 December 2023 and thus did not perform any audit related work for the years ended 31 December 2022 and 31 December 2023.

There has been insufficient evidence available to allow us to complete the required audit work to confirm the opening balances on 1 January 2024. Consequently, we were unable to determine whether any adjustments to these figures were necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters required to report by exception

Craig Clinton (Senior Statutory Auditor)

for and on behalf of Drummond Laurie CA

8.	ULTIMATE PARENT ENTITY

The ultimate parent company is APGK Limited, a company incorporated in Scotland having its registered office at Anchorpoint House, Clashburn Close, Kinross, KY13 8GD.