REGISTERED NUMBER: 02583486 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DMS Direct Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms Lopa Patel

Mr Amit Pravin Patel

SECRETARY:

Mr Amit Pravin Patel

REGISTERED OFFICE:

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

REGISTERED NUMBER:

02583486 (England and Wales)

ACCOUNTANTS:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Barclays Bank plc

PO Box 110

20 The Town

Enfield

Middlesex

EN2 6LY

FIXED ASSETS

Investment property

4

600,000

600,000

CURRENT ASSETS

Debtors

5

1,973

649

Cash at bank

143,762

131,747

145,735

132,396

CREDITORS

Amounts falling due within one year

6

31,522

42,271

NET CURRENT ASSETS

114,213

90,125

TOTAL ASSETS LESS CURRENT LIABILITIES

714,213

690,125

CREDITORS

Amounts falling due after more than one year

7

(440,000

)

(440,000

)

PROVISIONS FOR LIABILITIES

(29,405

)

(29,405

)

NET ASSETS

244,808

220,720

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

8

7,160

7,160

Retained earnings

8

217,648

193,560

SHAREHOLDERS' FUNDS

244,808

220,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Ms Lopa Patel - Director

1.	STATUTORY INFORMATION

DMS Direct 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

600,000

NET BOOK VALUE

At 31 March 2025

600,000

At 31 March 2024

600,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

VAT

1,243

-

Prepayments

730

649

1,973

649

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Payments on account

3,643

3,643

PAYE & NIC control

300

-

Tax

6,589

3,292

Prepaid income

149

12,072

VAT

-

2,470

Directors' current accounts

19,821

19,794

Accrued expenses

1,020

1,000

31,522

42,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Preference shares

10,000

10,000

Directors' loan accounts

430,000

430,000

440,000

440,000

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

193,560

7,160

200,720

Profit for the year

28,088

28,088

Dividends

(4,000

)

(4,000

)

At 31 March 2025

217,648

7,160

224,808

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Ms Lopa Patel

Balance outstanding at start of year

(14,470

)

(37,446

)

Amounts advanced

-

22,976

Amounts repaid

(5,351

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,821

)

(14,470

)

Mr Amit Pravin Patel

Balance outstanding at start of year

(435,324

)

(458,300

)

Amounts advanced

5,324

22,976

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(430,000

)

(435,324

)

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr A Patel, a director and members of his close family throughout the current and previous year. Mr A Patel is personally interested in 50% (2024 - 50%) of the company's share capital. In addition, his spouse controls in aggregate a further 50% (2024 - 50%) of the company's issued share capital.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.