Designshop (Edinburgh) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC218833

Designshop (Edinburgh) Ltd

Filleted Unaudited Financial Statements

30 April 2025

Designshop (Edinburgh) Ltd

Officers and Professional Advisers

Director	P Haddad

Registered office	40 Woodside Drive
	Penicuik
	Scotland
	EH26 8BH

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

Designshop (Edinburgh) Ltd

Balance Sheet

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		175,204	179,733

Current assets

Stocks		784	3,926
Debtors	5	549	549
		-------	-------
		1,333	4,475

Creditors: amounts falling due within one year	6	1,009,914		1,013,656
		------------		------------
Net current liabilities			1,008,581	1,009,181
			------------	------------
Total assets less current liabilities			( 833,377)	( 829,448)
			---------	---------
Net liabilities			( 833,377)	( 829,448)
			---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 833,378)	( 829,449)
	---------	---------
Shareholder deficit	( 833,377)	( 829,448)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

PATRICK HADDAD _______________ Director

Company registration number: SC218833

Designshop (Edinburgh) Ltd

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 40 Woodside Drive, Penicuik, EH26 8BH, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company continues to be supported by the director. The company is not a going concern.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property	-	2.50% straight line
Computers	-	30% straight line
Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 May 2024 and 30 April 2025	246,671
	---------
Depreciation
At 1 May 2024	66,938
Charge for the year	4,529
	---------
At 30 April 2025	71,467
	---------
Carrying amount
At 30 April 2025	175,204
	---------
At 30 April 2024	179,733
	---------

Tangible assets held at valuation

In the opinion of the director, the carrying value in the balance sheet is a good representation of the fair market value of the property at that date.

5. Debtors

	2025	2024
	£	£
Other debtors	549	549
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	264	120
Corporation tax	–	7
Social security and other taxes	–	3,879
Director loan accounts	1,009,650	1,009,650
	------------	------------
	1,009,914	1,013,656
	------------	------------