Direct Supply (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04309837 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

DIRECT SUPPLY (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Lane

REGISTERED OFFICE:

No. 1 Business Centre

1-11 Alvin Street

Gloucester

Gloucestershire

GL19 4BP

REGISTERED NUMBER:

04309837 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Tangible assets

4

28,008

16,295

CURRENT ASSETS

Stocks

11,501

15,943

Debtors

5

28,342

30,378

Cash at bank

21,487

19,433

61,330

65,754

CREDITORS

Amounts falling due within one year

6

(105,137

)

(103,326

)

NET CURRENT LIABILITIES

(43,807

)

(37,572

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,799

)

(21,277

)

CREDITORS

Amounts falling due after more than one
year

7

(3,441

)

(6,250

)

PROVISIONS FOR LIABILITIES

(5,131

)

(3,096

)

NET LIABILITIES

(24,371

)

(30,623

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(24,471

)

(30,723

)

SHAREHOLDERS' FUNDS

(24,371

)

(30,623

)

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

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

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2026 and were signed by:

D Lane - Director

1.	STATUTORY INFORMATION

Direct Supply (UK) 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.

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

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.

Significant judgements and estimates

The director is of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% straight line

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

15,307

11,411

57,300

9,730

93,748

Additions

-

301

36,013

-

36,314

Disposals

-

(11,712

)

-

(11,712

)

At 31 October 2025

15,307

-

93,313

9,730

118,350

DEPRECIATION

At 1 November 2024

15,307

10,438

42,975

8,733

77,453

Charge for year

-

23,078

249

23,327

Eliminated on disposal

-

(10,438

)

-

(10,438

)

At 31 October 2025

15,307

-

66,053

8,982

90,342

NET BOOK VALUE

At 31 October 2025

-

27,260

748

28,008

At 31 October 2024

-

973

14,325

997

16,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

28,342

25,950

Other debtors

-

4,428

28,342

30,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

37,079

35,118

Amounts owed to group undertakings

64,889

50,756

Social security and other taxes

(1,605

)

9,165

Other creditors

29

668

Directors' current accounts

1,745

4,619

Accrued expenses

3,000

105,137

103,326

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

3,000

Bank loans - 2-5 years

441

3,250

3,441

6,250

8.	RELATED PARTY DISCLOSURES

At 31 October 2025 the company owed £64,890 (2024 £50,756) to Hippo Surprise Ltd. During the year the company paid dividends to Hippo Surprise Ltd of £0 (2024 £0).

The ultimate controlling party is Hippo Surprise Ltd. Direct Supply Ltd is a wholly owned subsidiary of Hippo Surprise Ltd.