REGISTERED NUMBER: OC382779 (England and Wales)

Financial Statements for the Year Ended 29 March 2025

for

Direct School Uniform LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr A M Gani

Mr M S Gani

Mr A K Gani

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

OC382779 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

212,815

169,252

CURRENT ASSETS

Debtors

5

159,086

48,345

Cash at bank

15,461

261

174,547

48,606

CREDITORS

Amounts falling due within one year

6

137,250

82,254

NET CURRENT ASSETS/(LIABILITIES)

37,297

(33,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,112

135,604

CREDITORS

Amounts falling due after more than one year

7

88,193

83,146

NET ASSETS ATTRIBUTABLE TO MEMBERS

161,919

52,458

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

161,919

52,458

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

161,919

52,458

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 29 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 December 2025 and were signed by:

Mr M S Gani - Designated member

1.	STATUTORY INFORMATION

Direct School Uniform LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 30 March 2024

67,755

86,159

98,333

Additions

-

-

-

At 29 March 2025

67,755

86,159

98,333

DEPRECIATION

At 30 March 2024

2,174

70,804

78,180

Charge for year

-

2,303

3,023

At 29 March 2025

2,174

73,107

81,203

NET BOOK VALUE

At 29 March 2025

65,581

13,052

17,130

At 29 March 2024

65,581

15,355

20,153

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 March 2024

107,874

91,275

451,396

Additions

87,906

-

87,906

At 29 March 2025

195,780

91,275

539,302

DEPRECIATION

At 30 March 2024

45,294

85,692

282,144

Charge for year

37,621

1,396

44,343

At 29 March 2025

82,915

87,088

326,487

NET BOOK VALUE

At 29 March 2025

112,865

4,187

212,815

At 29 March 2024

62,580

5,583

169,252

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

Motor

vehicles

£

COST

At 30 March 2024

107,874

Additions

91,722

At 29 March 2025

199,596

DEPRECIATION

At 30 March 2024

45,294

Charge for year

37,621

At 29 March 2025

82,915

NET BOOK VALUE

At 29 March 2025

116,681

At 29 March 2024

62,580

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

£

VAT

1,740

8,365

The Direct Co Group Ltd

78,086

-

Inter-co Loan: Direct Property

15,960

15,480

Iner-co Loan: Mine Monies

26,000

24,500

Prepayments

37,300

-

159,086

48,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

£

Bank loans and overdrafts

4,489

54,190

Hire purchase contracts

70,745

21,230

Trade creditors

62,016

6,834

137,250

82,254

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.3.25

29.3.24

£

£

Bank loans - 2-5 years

18,799

23,288

Hire purchase contracts

69,394

59,858

88,193

83,146

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

29.3.25

29.3.24

£

£

Amounts owed to members in respect of profits

161,919

52,458

Falling due within one year

161,919

52,458

Loans and other debts due to members have no preferential rank in relation to other creditors.