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Registered number: 05646602
DSP (Interiors) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
EBS Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05646602
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,985 25,299
18,985 25,299
CURRENT ASSETS
Stocks 6 3,284 5,784
Debtors 7 133,889 337,343
Cash at bank and in hand 223,428 175,129
360,601 518,256
Creditors: Amounts Falling Due Within One Year 8 (333,058 ) (430,349 )
NET CURRENT ASSETS (LIABILITIES) 27,543 87,907
TOTAL ASSETS LESS CURRENT LIABILITIES 46,528 113,206
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,746 ) (4,577 )
NET ASSETS 41,782 108,629
CAPITAL AND RESERVES
Called up share capital 9 2,340 2,340
Profit and Loss Account 39,442 106,289
SHAREHOLDERS' FUNDS 41,782 108,629
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Louisa Priestley
Director
28/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DSP (Interiors) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05646602 . The registered office is Unit 23, The Parker Centre, Mansfield Road, Derby, DE21 4SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life and is fully amortised.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33/3% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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: 13)
11 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 219,873
As at 31 March 2026 219,873
Amortisation
As at 1 April 2025 219,873
As at 31 March 2026 219,873
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 15,283 29,358 41,086 89,249 174,976
Additions - - - 1,069 1,069
As at 31 March 2026 15,283 29,358 41,086 90,318 176,045
Depreciation
As at 1 April 2025 12,340 28,581 27,970 80,786 149,677
Provided during the period 736 194 3,279 3,174 7,383
As at 31 March 2026 13,076 28,775 31,249 83,960 157,060
Net Book Value
As at 31 March 2026 2,207 583 9,837 6,358 18,985
As at 1 April 2025 2,943 777 13,116 8,463 25,299
6. Stocks
2026 2025
£ £
Stock 3,284 5,784
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 39,807 210,044
Other debtors 94,082 127,299
133,889 337,343
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 193,635 109,390
Other creditors 78,354 238,335
Taxation and social security 61,069 82,624
333,058 430,349
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2,340 2,340
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10. 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
£ £ £ £ £
Mrs Louisa Priestley 77,244 - 35,408 - 41,836
The above loan is unsecured, interest free and repayable on demand.
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