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Registered number: 07042841
Claudia Dorsch Interior Design Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TS Partners Ltd
2-4 Gladstone Place
Newton Abbot
Devon
TQ12 2AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07042841
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,330 175,208
Investments 5 411,120 456,224
516,450 631,432
CURRENT ASSETS
Debtors 6 2,862 2,143
Cash at bank and in hand 964,083 829,415
966,945 831,558
Creditors: Amounts Falling Due Within One Year 7 (202,433 ) (344,103 )
NET CURRENT ASSETS (LIABILITIES) 764,512 487,455
TOTAL ASSETS LESS CURRENT LIABILITIES 1,280,962 1,118,887
Creditors: Amounts Falling Due After More Than One Year 8 (556,260 ) (556,260 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,923 ) (8,923 )
NET ASSETS 715,779 553,704
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 715,777 553,702
SHAREHOLDERS' FUNDS 715,779 553,704
Page 1
Page 2
For the year ending 31 December 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
Ms Claudia Dorsch
Director
Mr Andreas Utermann
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Claudia Dorsch Interior Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07042841 . The registered office is 2-4 Gladstone Place, Newton Abbot, Devon, TQ12 2AW.
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% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 22,512 390,569 24,872 437,953
Additions - 5,797 4,658 10,455
As at 31 December 2024 22,512 396,366 29,530 448,408
Depreciation
As at 1 January 2024 21,739 222,338 18,668 262,745
Provided during the period 257 75,803 4,273 80,333
As at 31 December 2024 21,996 298,141 22,941 343,078
Net Book Value
As at 31 December 2024 516 98,225 6,589 105,330
As at 1 January 2024 773 168,231 6,204 175,208
5. Investments
Unlisted
£
Cost
As at 1 January 2024 526,336
Additions 1,468
Disposals (46,572 )
As at 31 December 2024 481,232
Provision
As at 1 January 2024 70,112
As at 31 December 2024 70,112
Net Book Value
As at 31 December 2024 411,120
As at 1 January 2024 456,224
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,862 2,143
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 135
Corporation tax 78,728 64,597
Other taxes and social security 1,547 16,527
VAT 18,599 19,831
Other creditors 20,832 160,413
Accruals and deferred income 1,822 3,175
Directors' loan accounts 80,905 79,425
202,433 344,103
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 556,260 556,260
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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