REGISTERED NUMBER: 07874322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

DIY HOME DECORATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Elif Tas

Mr Ibrahim Tas

REGISTERED OFFICE:

Ernest House

293 Green Lanes

Palmers Green

London

N13 4XS

REGISTERED NUMBER:

07874322 (England and Wales)

ACCOUNTANTS:

ADPL LLP

293 Green Lanes

London

N13 4XS

FIXED ASSETS

Tangible assets

4

33,298

39,085

CURRENT ASSETS

Stocks

710,000

554,900

Debtors

5

586,650

540,589

Cash at bank and in hand

1,256

51,326

1,297,906

1,146,815

CREDITORS

Amounts falling due within one year

6

695,076

609,843

NET CURRENT ASSETS

602,830

536,972

TOTAL ASSETS LESS CURRENT LIABILITIES

636,128

576,057

CREDITORS

Amounts falling due after more than one year

7

(191,341

)

(180,369

)

PROVISIONS FOR LIABILITIES

8

(5,506

)

(6,563

)

NET ASSETS

439,281

389,125

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

438,281

388,125

SHAREHOLDERS' FUNDS

439,281

389,125

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 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 by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

Mrs Elif Tas - Director

1.	STATUTORY INFORMATION

DIY Home Decorations 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.

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.

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern

Turnover

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

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.

Short leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,816

2,240

11,010

DEPRECIATION

At 1 January 2024

2,271

2,114

8,206

Charge for year

228

31

701

At 31 December 2024

2,499

2,145

8,907

NET BOOK VALUE

At 31 December 2024

4,317

95

2,103

At 31 December 2023

4,545

126

2,804

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

68,029

4,243

92,338

DEPRECIATION

At 1 January 2024

37,275

3,387

53,253

Charge for year

4,613

214

5,787

At 31 December 2024

41,888

3,601

59,040

NET BOOK VALUE

At 31 December 2024

26,141

642

33,298

At 31 December 2023

30,754

856

39,085

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

64,029

DEPRECIATION

At 1 January 2024

35,639

Charge for year

4,259

At 31 December 2024

39,898

NET BOOK VALUE

At 31 December 2024

24,131

At 31 December 2023

28,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

26,539

Other debtors

586,650

514,050

586,650

540,589

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

19,314

21,809

VAT Accrued

(494

)

(1,052

)

Trade creditors

43,831

105,254

Tax

34,076

20,774

Social security and other taxes

12,317

18,054

Pension

768

1,231

VAT

15,110

15,414

Other creditors

326,000

330,000

Directors' current accounts

242,954

97,159

Accruals and deferred income

1,200

1,200

695,076

609,843

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

19,928

29,120

Other loans - 2-5 years

171,413

151,249

191,341

180,369

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

5,506

6,563

Deferred

tax

£

Balance at 1 January 2024

6,563

Credit to Income Statement during year

(1,057

)

Balance at 31 December 2024

5,506

9.	ULTIMATE CONTROLLING PARTY

This company was under the control of Mrs Elif Tas throughout the current period by virtue of her majority shareholding.