Silverfin false false 31/10/2025 01/11/2024 31/10/2025 E McNeill 05/10/2010 14 July 2026 The principal activity of the Company during the financial year was that of interior designers. SC386505 2025-10-31 SC386505 bus:Director1 2025-10-31 SC386505 2024-10-31 SC386505 core:CurrentFinancialInstruments 2025-10-31 SC386505 core:CurrentFinancialInstruments 2024-10-31 SC386505 core:ShareCapital 2025-10-31 SC386505 core:ShareCapital 2024-10-31 SC386505 core:CapitalRedemptionReserve 2025-10-31 SC386505 core:CapitalRedemptionReserve 2024-10-31 SC386505 core:RetainedEarningsAccumulatedLosses 2025-10-31 SC386505 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC386505 core:OtherPropertyPlantEquipment 2024-10-31 SC386505 core:OtherPropertyPlantEquipment 2025-10-31 SC386505 bus:OrdinaryShareClass1 2025-10-31 SC386505 2024-11-01 2025-10-31 SC386505 bus:FilletedAccounts 2024-11-01 2025-10-31 SC386505 bus:SmallEntities 2024-11-01 2025-10-31 SC386505 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC386505 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC386505 bus:Director1 2024-11-01 2025-10-31 SC386505 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-11-01 2025-10-31 SC386505 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-11-01 2025-10-31 SC386505 2023-11-01 2024-10-31 SC386505 core:OtherPropertyPlantEquipment 2024-11-01 2025-10-31 SC386505 core:CurrentFinancialInstruments 2024-11-01 2025-10-31 SC386505 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 SC386505 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC386505 (Scotland)

# 10 DESIGN LTD.

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH THE REGISTRAR

10 DESIGN LTD.

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

Contents

10 DESIGN LTD.

## BALANCE SHEET

AS AT 31 OCTOBER 2025
10 DESIGN LTD.

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,630 |  | 704
|  | 1,630 |  | 704
Current assets |  |  |  |
Stocks |  | 3,432 |  | 12,060
Debtors | 4 | 12,786 |  | 25,868
Cash at bank and in hand |  | 210,898 |  | 260,090
|  | 227,116 |  | 298,018
Creditors: amounts falling due within one year | 5 | ( 14,451) |  | ( 25,552)
Net current assets |  | 212,665 |  | 272,466
Total assets less current liabilities |  | 214,295 |  | 273,170
Provision for liabilities | 6 | ( 310) |  | ( 102)
Net assets |  | 213,985 |  | 273,068
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Capital redemption reserve |  | 1 |  | 1
Profit and loss account |  | 213,983 |  | 273,066
Total shareholder's funds |  | 213,985 |  | 273,068

For the financial year ending 31 October 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 financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of 10 Design Ltd. (registered number: SC386505) were approved and authorised for issue by the Director on 14 July 2026. They were signed on its behalf by:

E McNeill Director |

10 DESIGN LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
10 DESIGN LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

10 Design Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Titan Enterprise 1 Aurora Avenue, Queens Quay, Clydebank, G81 1BF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss for the period.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 - 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 3 |  | 4

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 November 2024 | 7,201 |  | 7,201
Additions | 1,559 |  | 1,559
Disposals | ( 541) |  | ( 541)
At 31 October 2025 | 8,219 |  | 8,219
Accumulated depreciation |  |  |
At 01 November 2024 | 6,497 |  | 6,497
Charge for the financial year | 633 |  | 633
Disposals | ( 541) |  | ( 541)
At 31 October 2025 | 6,589 |  | 6,589
Net book value |  |  |
At 31 October 2025 | 1,630 |  | 1,630
At 31 October 2024 | 704 |  | 704

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 7,353 |  | 24,197
Other debtors | 5,433 |  | 1,671
| 12,786 |  | 25,868

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 346 |  | ( 48)
Corporation tax | 0 |  | 8,802
Other taxation and social security | 11,586 |  | 11,584
Other creditors | 2,519 |  | 5,214
| 14,451 |  | 25,552

There are no amounts included above in respect of which any security has been given by the small entity.

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 310 |  | 102

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts due (from)/to key management personnel | (907) |  | 153

The amounts included are unsecured, interest free and repayable on demand.