Diva Store Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 13650436 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 September 2024

for

DIVA STORE LTD

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

Ms D Patang

REGISTERED OFFICE:

1132 Silverstone Business Park

Buckingham Road

Silverstone

Towcester

Northamptonshire

NN12 8FU

REGISTERED NUMBER:

13650436 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

1-2 Craven Road

Ealing

London

W5 2UA

The director presents her report with the financial statements of the company for the year ended 30 September 2024.

DIRECTOR

Ms D Patang held office during the whole of the period from 1 October 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms D Patang - Director

29 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Diva Store Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Diva Store Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Diva Store Ltd and state those matters that we have agreed to state to the director of Diva Store Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Diva Store Ltd and its director for our work or for this report.

It is your duty to ensure that Diva Store Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Diva Store Ltd. You consider that Diva Store Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Diva Store Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Johnsons, Chartered Accountants

1-2 Craven Road

Ealing

London

W5 2UA

29 September 2025

TURNOVER

4,221,397

-

Cost of sales

(3,720,842

)

-

GROSS PROFIT

500,555

-

Administrative expenses

(446,960

)

-

OPERATING PROFIT

53,595

-

Interest payable and similar expenses

(5,897

)

-

PROFIT BEFORE TAXATION

47,698

-

Tax on profit

(11,702

)

-

PROFIT FOR THE FINANCIAL YEAR

35,996

-

CURRENT ASSETS

Stocks

498,556

-

Debtors

4

1,118,785

-

Cash at bank and in hand

147,659

100

1,765,000

100

CREDITORS

Amounts falling due within one year

5

1,728,904

-

NET CURRENT ASSETS

36,096

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,096

100

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,996

-

36,096

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Ms D Patang - Director

1.	STATUTORY INFORMATION

Diva Store 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.

TURNOVER

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

197,975

-

Amounts owed by group undertakings

845,722

-

Other debtors

75,088

-

1,118,785

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

839

-

Amounts owed to group undertakings

1,366,158

-

Taxation and social security

11,702

-

Other creditors

350,205

-

1,728,904

-