REGISTERED NUMBER: SC378017 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

Designer Kids and Baby Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J Baker

REGISTERED OFFICE:

5 Argyle Street

Paisley

PA1 2ET

REGISTERED NUMBER:

SC378017 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

-

Intangible assets

5

-

200,874

Tangible assets

6

178,742

1

Investments

7

1

200,875

178,743

CURRENT ASSETS

234,540

Stocks

203,566

200,782

Debtors

8

233,891

140,234

Cash at bank and in hand

161,617

575,556

599,074

CREDITORS

217,646

Amounts falling due within one year

9

213,872

357,910

NET CURRENT ASSETS

385,202

558,785

TOTAL ASSETS LESS CURRENT LIABILITIES

563,945

CREDITORS

(40,042

)

Amounts falling due after more than one year

10

(98,155

)

(7,950

)

PROVISIONS FOR LIABILITIES

-

510,793

NET ASSETS

465,790

CAPITAL AND RESERVES

1,000

Called up share capital

13

1,000

509,793

Retained earnings

464,790

510,793

SHAREHOLDERS' FUNDS

465,790

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 28 April 2026 and were signed by:

Miss J Baker - Director

1.	STATUTORY INFORMATION

Designer Kids and Baby Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the total invoice value, less credit notes, excluding value added tax of sales made during the period.

Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

1% on cost

Improvements to property

-

10% on cost

Plant & machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks consist of goods for resale and are valued at the lower of purchase cost and estimated selling price less costs to sell, after making due allowances for obsolete and slow moving items.

When stocks are sold, the carrying amount of these stock is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction on the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Cash & cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

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.

Financial instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument and are classified in accordance with the underlying economic reality.

Dividends paid

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 20 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

40,000

AMORTISATION

At 1 February 2024

and 31 January 2025

40,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

6.	TANGIBLE FIXED ASSETS

Improvement

Freehold

to

Totals

property

property

£

£

£

COST

At 1 February 2024

377,509

160,090

53,705

Additions

2,358

-

-

Disposals

(26,685

)

-

-

At 31 January 2025

353,182

160,090

53,705

DEPRECIATION

At 1 February 2024

176,635

15,412

29,809

Charge for year

24,490

1,601

4,083

Eliminated on disposal

(26,685

)

-

-

At 31 January 2025

174,440

17,013

33,892

NET BOOK VALUE

At 31 January 2025

178,742

143,077

19,813

At 31 January 2024

200,874

144,678

23,896

Fixtures

Plant &

and

Computer

machinery

fittings

equipment

£

£

£

COST

At 1 February 2024

151,616

4,606

7,492

Additions

-

-

2,358

Disposals

(22,825

)

(1,174

)

(2,686

)

At 31 January 2025

128,791

3,432

7,164

DEPRECIATION

At 1 February 2024

121,066

4,595

5,753

Charge for year

17,156

11

1,639

Eliminated on disposal

(22,825

)

(1,174

)

(2,686

)

At 31 January 2025

115,397

3,432

4,706

NET BOOK VALUE

At 31 January 2025

13,394

-

2,458

At 31 January 2024

30,550

11

1,739

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

Plant &

machinery

£

COST

At 1 February 2024

12,000

Transfer to ownership

(12,000

)

At 31 January 2025

-

DEPRECIATION

At 1 February 2024

4,800

Transfer to ownership

(4,800

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

7,200

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

1

NET BOOK VALUE

At 31 January 2025

1

At 31 January 2024

1

8.

DEBTORS

31.1.25

31.1.24

£

£

Amounts falling due within one year:

Trade debtors

6,364

(976

)

Directors' current accounts

20,676

20,349

Deferred tax asset

22,320

-

Prepayments

1,785

1,785

51,145

21,158

Amounts falling due after more than one year:

Other debtors

178,753

175,631

S455 debtor

3,993

3,993

182,746

179,624

Aggregate amounts

233,891

200,782

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

33,275

25,575

Hire purchase contracts (see note 11)

-

1,810

Trade creditors

29,673

98,988

Taxation and social security

13,400

42,348

Other creditors

137,524

48,925

213,872

217,646

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

98,155

40,042

11.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.25

31.1.24

£

£

Net obligations repayable:

Within one year

-

1,810

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

131,430

65,617

Hire purchase contracts

-

1,810

131,430

67,427

The Royal Bank Of Scotland PLC has a standard security over the property owned by the company and a Bond and Floating charge over all of the company's assets.

Hire purchase contracts are secured over the assets to which they relate.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

700

Ordinary A

£1

700

700

300

Ordinary B

£1

300

300

1,000

1,000

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Miss J Baker

Balance outstanding at start of year

55,350

50,295

Amounts advanced

20,326

5,055

Amounts repaid

(55,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,676

55,350

Interest is charged on the loan at 2% and there is no fixed repayment term.

15.	ULTIMATE CONTROLLING PARTY