DIRECT INTERIOR SOLUTIONS LTD

DIRECT INTERIOR SOLUTIONS LTD - Company Information

2021-09-012022-08-312022-08-31false04536999DIRECT INTERIOR SOLUTIONS LTD2023-05-1743320iso4217:GBPxbrli:pure045369992021-09-01045369992022-08-31045369992021-09-012022-08-31045369992020-09-01045369992021-08-31045369992020-09-012021-08-3104536999bus:SmallEntities2021-09-012022-08-3104536999bus:AuditExempt-NoAccountantsReport2021-09-012022-08-3104536999bus:FullAccounts2021-09-012022-08-3104536999bus:PrivateLimitedCompanyLtd2021-09-012022-08-3104536999core:WithinOneYear2022-08-3104536999core:AfterOneYear2022-08-3104536999core:WithinOneYear2021-08-3104536999core:AfterOneYear2021-08-3104536999core:ShareCapital2022-08-3104536999core:SharePremium2022-08-3104536999core:RevaluationReserve2022-08-3104536999core:OtherReservesSubtotal2022-08-3104536999core:RetainedEarningsAccumulatedLosses2022-08-3104536999core:ShareCapital2021-08-3104536999core:SharePremium2021-08-3104536999core:RevaluationReserve2021-08-3104536999core:OtherReservesSubtotal2021-08-3104536999core:RetainedEarningsAccumulatedLosses2021-08-3104536999core:LandBuildings2022-08-3104536999core:PlantMachinery2022-08-3104536999core:Vehicles2022-08-3104536999core:FurnitureFittings2022-08-3104536999core:OfficeEquipment2022-08-3104536999core:NetGoodwill2022-08-3104536999core:IntangibleAssetsOtherThanGoodwill2022-08-3104536999core:ListedExchangeTraded2022-08-3104536999core:UnlistedNon-exchangeTraded2022-08-3104536999core:LandBuildings2021-08-3104536999core:PlantMachinery2021-08-3104536999core:Vehicles2021-08-3104536999core:FurnitureFittings2021-08-3104536999core:OfficeEquipment2021-08-3104536999core:NetGoodwill2021-08-3104536999core:IntangibleAssetsOtherThanGoodwill2021-08-3104536999core:ListedExchangeTraded2021-08-3104536999core:UnlistedNon-exchangeTraded2021-08-3104536999core:LandBuildings2021-09-012022-08-3104536999core:PlantMachinery2021-09-012022-08-3104536999core:Vehicles2021-09-012022-08-3104536999core:FurnitureFittings2021-09-012022-08-3104536999core:OfficeEquipment2021-09-012022-08-3104536999core:NetGoodwill2021-09-012022-08-3104536999core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3104536999core:ListedExchangeTraded2021-09-012022-08-3104536999core:UnlistedNon-exchangeTraded2021-09-012022-08-3104536999core:MoreThanFiveYears2021-09-012022-08-3104536999core:Non-currentFinancialInstruments2022-08-3104536999core:Non-currentFinancialInstruments2021-08-3104536999dpl:CostSales2021-09-012022-08-3104536999dpl:DistributionCosts2021-09-012022-08-3104536999dpl:AdministrativeExpenses2021-09-012022-08-3104536999core:LandBuildings2021-09-012022-08-3104536999core:PlantMachinery2021-09-012022-08-3104536999core:Vehicles2021-09-012022-08-3104536999core:FurnitureFittings2021-09-012022-08-3104536999core:OfficeEquipment2021-09-012022-08-3104536999core:NetGoodwill2021-09-012022-08-3104536999core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3104536999dpl:GroupUndertakings2021-09-012022-08-3104536999dpl:ParticipatingInterests2021-09-012022-08-3104536999dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3104536999core:ListedExchangeTraded2021-09-012022-08-3104536999dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3104536999core:UnlistedNon-exchangeTraded2021-09-012022-08-3104536999dpl:CostSales2020-09-012021-08-3104536999dpl:DistributionCosts2020-09-012021-08-3104536999dpl:AdministrativeExpenses2020-09-012021-08-3104536999core:LandBuildings2020-09-012021-08-3104536999core:PlantMachinery2020-09-012021-08-3104536999core:Vehicles2020-09-012021-08-3104536999core:FurnitureFittings2020-09-012021-08-3104536999core:OfficeEquipment2020-09-012021-08-3104536999core:NetGoodwill2020-09-012021-08-3104536999core:IntangibleAssetsOtherThanGoodwill2020-09-012021-08-3104536999dpl:GroupUndertakings2020-09-012021-08-3104536999dpl:ParticipatingInterests2020-09-012021-08-3104536999dpl:GroupUndertakingscore:ListedExchangeTraded2020-09-012021-08-3104536999core:ListedExchangeTraded2020-09-012021-08-3104536999dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-09-012021-08-3104536999core:UnlistedNon-exchangeTraded2020-09-012021-08-3104536999core:NetGoodwill2022-08-3104536999core:IntangibleAssetsOtherThanGoodwill2022-08-3104536999core:LandBuildings2022-08-3104536999core:PlantMachinery2022-08-3104536999core:Vehicles2022-08-3104536999core:FurnitureFittings2022-08-3104536999core:OfficeEquipment2022-08-3104536999core:AfterOneYear2022-08-3104536999core:WithinOneYear2022-08-3104536999core:ListedExchangeTraded2022-08-3104536999core:UnlistedNon-exchangeTraded2022-08-3104536999core:ShareCapital2022-08-3104536999core:SharePremium2022-08-3104536999core:RevaluationReserve2022-08-3104536999core:OtherReservesSubtotal2022-08-3104536999core:RetainedEarningsAccumulatedLosses2022-08-3104536999core:NetGoodwill2021-08-3104536999core:IntangibleAssetsOtherThanGoodwill2021-08-3104536999core:LandBuildings2021-08-3104536999core:PlantMachinery2021-08-3104536999core:Vehicles2021-08-3104536999core:FurnitureFittings2021-08-3104536999core:OfficeEquipment2021-08-3104536999core:AfterOneYear2021-08-3104536999core:WithinOneYear2021-08-3104536999core:ListedExc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Registered Number
04536999
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2022

DIRECT INTERIOR SOLUTIONS LTD

Company Information
for the year from 1 September 2021 to 31 August 2022


Directors	HARRIS, Andrew Robert


Registered Address	Unit 5b Howdenshire Way
	Knedlington Road
	Goole
	DN14 7HZ


Registered Number	04536999 (England and Wales)

DIRECT INTERIOR SOLUTIONS LTD

Balance Sheet as at
31 August 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		194,112		198,410
			194,112		198,410
Current assets
Stocks	6	291,500		166,500
Debtors	7	21,388		23,304
Cash at bank and on hand		125		124,320
		313,013		314,124
Creditors amounts falling due within one year	8	(36,732)		(14,623)
Net current assets (liabilities)			276,281		299,501
Total assets less current liabilities			470,393		497,911
Creditors amounts falling due after one year	9		(125,459)		(141,936)
Net assets			344,934		355,975
Capital and reserves
Called up share capital			2		2
Profit and loss account			344,932		355,973
Shareholders' funds			344,934		355,975

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 17 May 2023, and are signed on its behalf by:

HARRIS, Andrew Robert
Director
Registered Company No. 04536999

DIRECT INTERIOR SOLUTIONS LTD

Notes to the Financial Statements
for the year ended 31 August 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	5		5

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 21	285,320	49,074	21,890	356,284
Additions	-	-	348	348
At 31 August 22	285,320	49,074	22,238	356,632
Depreciation and impairment
At 01 September 21	99,372	44,544	13,958	157,874
Charge for year	4,646	-	-	4,646
At 31 August 22	104,018	44,544	13,958	162,520
Net book value
At 31 August 22	181,302	4,530	8,280	194,112
At 31 August 21	185,948	4,530	7,932	198,410

6.	Stocks

	2022	2021
	£	£
Raw materials and consumables	6,500	16,500
Work in progress	285,000	150,000
Total	291,500	166,500

7.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	16,919	18,011
Other debtors	4,469	5,293
Total	21,388	23,304


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	9,075	3,563
Amounts owed to related parties	126	2,535
Taxation and social security	1,970	5,114
Other creditors	22,347	337
Accrued liabilities and deferred income	3,214	3,074
Total	36,732	14,623


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	125,459	141,936
Total	125,459	141,936