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REGISTERED NUMBER: 01502383 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

DESIGN INITIATIVE LIMITED

DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN INITIATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: S Smewing





SECRETARY: S Smewing





REGISTERED OFFICE: 22 Grange Road
Lewes
East Sussex
BN7 1TS





REGISTERED NUMBER: 01502383 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,000 8,758
Investments 5 714,103 678,864
721,103 687,622

CURRENT ASSETS
Debtors 6 - 3,217
Cash at bank 16,114 14,037
16,114 17,254
CREDITORS
Amounts falling due within one year 7 (49,061 ) (60,469 )
NET CURRENT LIABILITIES (32,947 ) (43,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,156

644,407

CREDITORS
Amounts falling due after more than
one year

8

-

(4,000

)
NET ASSETS 688,156 640,407

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 687,156 639,407
SHAREHOLDERS' FUNDS 688,156 640,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2022 and were signed by:





S Smewing - Director


DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Design Initiative 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.

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.

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.
Improvements to property - over term of lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Paintings Totals
£    £    £    £    £   
COST
At 1 January 2021 25,867 42,168 53,463 7,000 128,498
Disposals (25,867 ) (42,168 ) (53,463 ) - (121,498 )
At 31 December 2021 - - - 7,000 7,000
DEPRECIATION
At 1 January 2021 25,867 40,994 52,879 - 119,740
Charge for year - 233 146 - 379
Eliminated on disposal (25,867 ) (41,227 ) (53,025 ) - (120,119 )
At 31 December 2021 - - - - -
NET BOOK VALUE
At 31 December 2021 - - - 7,000 7,000
At 31 December 2020 - 1,174 584 7,000 8,758

DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021 678,864
Additions 156,356
Disposals (121,117 )
At 31 December 2021 714,103
NET BOOK VALUE
At 31 December 2021 714,103
At 31 December 2020 678,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 14
Other debtors - 3,203
- 3,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - (1,008 )
Other creditors 49,061 61,477
49,061 60,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 4,000

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan - 4,000

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,000 Ordinary £1 1,000 1,000

DESIGN INITIATIVE LIMITED (REGISTERED NUMBER: 01502383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

10. RELATED PARTY DISCLOSURES

S Smewing owns a 50% shareholding of Posteu Limited.

Included in investments is £48,718 paid to a Trust of which S Smewing is a Trustee.