REGISTERED NUMBER: 07427635 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Design Locker Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs N Forbes

REGISTERED OFFICE:

497 Saffron Lane

Leicester

LE2 6UG

REGISTERED NUMBER:

07427635 (England and Wales)

Fixed assets

Tangible assets

4

41,490

46,918

Current assets

Stocks

24,240

127,056

Debtors

5

29,592

2,826

Investments

6

100,000

100,000

Cash at bank

78

78

153,910

229,960

Creditors

Amounts falling due within one year

7

912,632

1,039,584

Net current liabilities

(758,722

)

(809,624

)

Total assets less current liabilities

(717,232

)

(762,706

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(717,332

)

(762,806

)

Shareholders' funds

(717,232

)

(762,706

)

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 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 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 director and authorised for issue on 23 December 2025 and were signed by:

Mrs N Forbes - Director

1.	Statutory information

Design Locker Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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

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 10 (2023 - 13 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 January 2024

98,493

79,164

12,730

Additions

-

-

-

At 31 December 2024

98,493

79,164

12,730

Depreciation

At 1 January 2024

64,252

70,161

11,159

Charge for year

3,424

1,801

314

At 31 December 2024

67,676

71,962

11,473

Net book value

At 31 December 2024

30,817

7,202

1,257

At 31 December 2023

34,241

9,003

1,571

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2024

3,200

23,422

217,009

Additions

-

664

664

At 31 December 2024

3,200

24,086

217,673

Depreciation

At 1 January 2024

2,925

21,594

170,091

Charge for year

55

498

6,092

At 31 December 2024

2,980

22,092

176,183

Net book value

At 31 December 2024

220

1,994

41,490

At 31 December 2023

275

1,828

46,918

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

27,571

-

Other debtors

2,021

2,826

29,592

2,826

6.	Current asset investments

31.12.24

31.12.23

£

£

Investment

100,000

100,000

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans and overdrafts

225,499

238,083

Trade creditors

259,605

415,922

Taxation and social security

4,400

9,072

Other creditors

423,128

376,507

912,632

1,039,584

8.	Related party disclosures

The company moved to premises owned by the director Mrs N Forbes in May 2013 and is partly let to the company on an formal lease at a commercial rent of £25,000.