D.M.I DESIGN STUDIO LTD


Directors	CLANNACHAN, Helen
	CLANNACHAN, Tristan


Company Secretary	NICOLSON NOMINEES LTD


Registered Address	31 Lynedoch Street
	Glasgow
	G3 6EF


Place of Business	Glencairn Industrial Estate
	Kilmarnock
	KA1 4AY


Registered Number	SC392820 (Scotland)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		45,865		61,279
Investments	5		75		-
			45,940		61,279
Current assets
Stocks		30,000		30,000
Debtors	6	74,154		143,146
Cash at bank and on hand		21,320		31,601
		125,474		204,747
Creditors amounts falling due within one year	7	(144,968)		(181,598)
Net current assets (liabilities)			(19,494)		23,149
Total assets less current liabilities			26,446		84,428
Creditors amounts falling due after one year	8		(28,852)		(46,448)
Net assets			(2,406)		37,980
Capital and reserves
Called up share capital			1		1
Profit and loss account			(2,407)		37,979
Shareholders' funds			(2,406)		37,980

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2025, and are signed on its behalf by:

CLANNACHAN, Tristan
Director
Registered Company No. SC392820

D.M.I DESIGN STUDIO LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		12

3.	Prior period adjustment
	The Financial Statements for 29 February 2024 omitted £78,957 of creditors and £44,365 of debtors and the Financial Statement for 28 February 2023 omitted £50,468 of creditors and £40,266 of debtors. The accounts have been amended accordingly and the comparative figures are restated to reflect the correct position. The effect is to reduce retained reserves at 28 February 2023 by £10,202 and retained reserves at 29 February 2024 by £34,592.

Prior period adjustment

The Financial Statements for 29 February 2024 omitted £78,957 of creditors and £44,365 of debtors and the Financial Statement for 28 February 2023 omitted £50,468 of creditors and £40,266 of debtors.

The accounts have been amended accordingly and the comparative figures are restated to reflect the correct position.  The effect is to reduce retained reserves at 28 February 2023 by £10,202 and retained reserves at 29 February 2024 by £34,592.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 24	76,719
	At 28 February 25	76,719
	Depreciation and impairment
	At 01 March 24	15,440
	Charge for year	15,414
	At 28 February 25	30,854
	Net book value
	At 28 February 25	45,865
	At 29 February 24	61,279

5.	Fixed asset investments

		Total
		£
	Cost or valuation
	Additions	75
	At 28 February 25	75
	Net book value
	At 28 February 25	75
	At 29 February 24	-

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	32,078	100,493
Other debtors	42,076	42,653
Total	74,154	143,146

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	46,672	50,394
Bank borrowings and overdrafts	5,400	5,400
Amounts owed to related parties	17,263	21,672
Taxation and social security	58,310	86,251
Finance lease and HP contracts	14,896	15,032
Other creditors	743	2,849
Accrued liabilities and deferred income	1,684	-
Total	144,968	181,598

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,050	6,750
Other creditors	24,802	39,698
Total	28,852	46,448

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	24,802		39,698