The Desk (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

The Desk (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05724460 . The registered office is Unit A5 Park Royal Industrial Centre, Eldon Way, London, NW10 7QQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Previously, the company prepared its accounts under FRS105. In accordance with FRS102, the company is required to recognise a deferred tax liability on the balance sheet. The liability at 31 March 2021 and the movement in the prior year have been reflected in the comparative figures in these accounts. This is the only adjustment that the company was required to make on transition to FRS102.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets comprise software used in the business. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Improvements - over 5 years
Plant & Machinery	over 4 years
Computer Equipment	over 4 years

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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The Desk (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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 in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 10)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	47,370
Disposals	(47,370 )

As at 31 March 2026	-

Amortisation
As at 1 April 2025	18,159
Provided during the period	4,737
Disposals	(22,896 )

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	29,211

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The Desk (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2025	50,459
Additions	66,772
Disposals	(14,461 )

As at 31 March 2026	102,770

Depreciation
As at 1 April 2025	29,959
Provided during the period	13,241
Disposals	(14,461 )

As at 31 March 2026	28,739

Net Book Value
As at 31 March 2026	74,031

As at 1 April 2025	20,500

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	47,877	44,887
Other debtors	93,212	72,165

	141,089	117,052

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	12,332	-
Trade creditors	62,867	75,599
Bank loans and overdrafts	-	22,293
Other creditors	6,171	4,979
Taxation and social security	107,228	67,168

	188,598	170,039

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	24,663	-

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The Desk (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,332	-
Later than one year and not later than five years	24,663	-

	36,995	-

	36,995	-

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	11,184	11,184
Deferred taxation	7,323	7,323

Balance at 31 March 2026	18,507	18,507

The provision for deferred taxation is made up of accelerated capital allowances.

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	70,112	70,111
Later than one year and not later than five years	49,345	52,584

	119,457	122,695

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Attila Raczkevy-Eotvos	9,741	153,518	160,255	-	3,004

Advances to directors are unsecured, repayable on demand and interest is charged at the HMRC approved interest rate on overdrawn balances. The overdrawn balance was cleared in full between the year-end and the date of approval of these financial statements.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		29,211
Tangible Assets	5		74,031		20,500

			74,031		49,711
CURRENT ASSETS
Debtors	6	141,089		117,052
Cash at bank and in hand		179,344		46,116

		320,433		163,168
Creditors: Amounts Falling Due Within One Year	7	(188,598 )		(170,039 )

NET CURRENT ASSETS (LIABILITIES)			131,835		(6,871 )

TOTAL ASSETS LESS CURRENT LIABILITIES			205,866		42,840

Creditors: Amounts Falling Due After More Than One Year	8		(24,663 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,507 )		(11,184 )

NET ASSETS			162,696		31,656

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			162,596		31,556

SHAREHOLDERS' FUNDS			162,696		31,656