IRIS Accounts Production v23.2.0.158 08428083 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084280832022-03-31084280832023-03-31084280832022-04-012023-03-31084280832021-03-31084280832021-04-012022-03-31084280832022-03-3108428083ns10:Originalns15:EnglandWales2022-04-012023-03-3108428083ns14:PoundSterlingns10:Original2022-04-012023-03-3108428083ns10:Originalns10:Director12022-04-012023-03-3108428083ns10:Original2022-04-012023-03-3108428083ns10:Original2023-03-3108428083ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108428083ns10:Originalns10:SmallEntities2022-04-012023-03-3108428083ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108428083ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108428083ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108428083ns10:Originalns10:FullAccounts2022-04-012023-03-3108428083ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3108428083ns10:Originalns10:Director22022-04-012023-03-3108428083ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108428083ns10:Original2022-03-3108428083ns10:Originalns5:CurrentFinancialInstruments2023-03-3108428083ns10:Originalns5:CurrentFinancialInstruments2022-03-3108428083ns5:ShareCapitalns10:Original2023-03-3108428083ns5:ShareCapitalns10:Original2022-03-3108428083ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108428083ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108428083ns10:Originalns5:PlantMachinery2022-04-012023-03-3108428083ns10:Original2021-04-012022-03-3108428083ns10:Originalns5:PlantMachinery2022-03-3108428083ns10:Originalns5:PlantMachinery2023-03-3108428083ns10:Originalns5:PlantMachinery2022-03-3108428083ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108428083ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108428083ns10:Originalns5:DeferredTaxation2022-03-3108428083ns10:Originalns5:DeferredTaxation2022-04-012023-03-3108428083ns10:Originalns5:DeferredTaxation2023-03-3108428083ns10:Originalns10:OrdinaryShareClass12023-03-3108428083ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108428083ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3108428083ns10:Original1ns10:Director12022-03-3108428083ns10:Original1ns10:Director12021-03-3108428083ns10:Original1ns10:Director12022-04-012023-03-3108428083ns10:Original1ns10:Director12021-04-012022-03-3108428083ns10:Original1ns10:Director12023-03-3108428083ns10:Original1ns10:Director12022-03-3108428083ns10:Originalns10:Director222022-03-3108428083ns10:Originalns10:Director222021-03-3108428083ns10:Originalns10:Director222022-04-012023-03-3108428083ns10:Originalns10:Director222021-04-012022-03-3108428083ns10:Originalns10:Director222023-03-3108428083ns10:Originalns10:Director222022-03-31
REGISTERED NUMBER: 08428083 (England and Wales)















Design Four Five One Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Design Four Five One Ltd (Registered number: 08428083)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Design Four Five One Ltd

Company Information
for the year ended 31 March 2023







Directors: R Stimpson
D Stimpson





Registered office: 25 Church Street
Twyford
Reading
Berkshire
RG10 9DN





Registered number: 08428083 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Design Four Five One Ltd (Registered number: 08428083)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,584 5,182

Current assets
Debtors 5 24,593 26,866
Cash at bank 14,239 14,061
38,832 40,927
Creditors
Amounts falling due within one year 6 29,981 33,394
Net current assets 8,851 7,533
Total assets less current liabilities 10,435 12,715

Provisions for liabilities 7 301 985
Net assets 10,134 11,730

Capital and reserves
Called up share capital 8 2 2
Retained earnings 9 10,132 11,728
Shareholders' funds 10,134 11,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





R Stimpson - Director


Design Four Five One Ltd (Registered number: 08428083)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Design Four Five One Ltd 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 represents net amounts receivable for design fees net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2022 - 3 ) .

Design Four Five One Ltd (Registered number: 08428083)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022
and 31 March 2023 31,078
Depreciation
At 1 April 2022 25,896
Charge for year 3,598
At 31 March 2023 29,494
Net book value
At 31 March 2023 1,584
At 31 March 2022 5,182

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 7,725 26,866
Other debtors 16,868 -
24,593 26,866

6. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 27,181 30,273
Other creditors 2,800 3,121
29,981 33,394

7. Provisions for liabilities
2023 2022
£ £
Deferred tax 301 985

Deferred tax
£
Balance at 1 April 2022 985
Provided during year (684 )
Balance at 31 March 2023 301

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

Design Four Five One Ltd (Registered number: 08428083)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


9. Reserves
Retained
earnings
£

At 1 April 2022 11,728
Profit for the year 100,404
Dividends (102,000 )
At 31 March 2023 10,132

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
R Stimpson
Balance outstanding at start of year - -
Amounts advanced 8,434 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,434 -

D Stimpson
Balance outstanding at start of year - -
Amounts advanced 8,434 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,434 -