REGISTERED NUMBER: |
Financial Statements |
For The Year Ended 31 March 2023 |
for |
Dartington Service Design Lab Limited |
REGISTERED NUMBER: |
Financial Statements |
For The Year Ended 31 March 2023 |
for |
Dartington Service Design Lab Limited |
Dartington Service Design Lab Limited (Registered number: 12613600) |
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 |
Dartington Service Design Lab Limited |
Company Information |
For The Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
Harscombe House |
1 Darklake View |
Plymouth |
Devon |
PL6 7TL |
Dartington Service Design Lab Limited (Registered number: 12613600) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Dartington Service Design Lab Limited (Registered number: 12613600) |
Notes to the Financial Statements |
For The Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Dartington Service Design Lab Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Service contracts are recognised based on the stage of completion, which is measured by the amount of staff hours put against that contract. |
Grants, donations and investment income are recognised when receivable. Where such amounts have terms or conditions which must be met for specific activities, the relevant income is not recognised in the year but deferred and shown on the balance sheet within current liabilities. |
Tangible fixed assets |
Plant and machinery etc | - |
Fixed assets are held at cost but are only capitalised when the value exceeds £1,000. The company applies a short life policy of 3 years straight line. |
Taxation |
Taxation for the year comprises current. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
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 |
Dartington Service Design Lab Limited (Registered number: 12613600) |
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 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Amounts owed to group undertakings |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Warren House Group Dartington | 543,038 | 283,179 |
Loans are secured by a fixed and floating charge over the company's assets. |
Dartington Service Design Lab Limited (Registered number: 12613600) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2023 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | RELATED PARTY DISCLOSURES |
Sales were made to Warren House Group at Dartington totalling £258,153 (2022 - £652,247), in respect of service contracts undertaken. Expenses totalling £245,006 (2022 - £204,451) were cross charged from Warren House Group at Dartington for shared office costs and management time, a closing debtor of £189,165 (2022: Nil) and a closing creditor is owed to Warren House Group at Dartington at the year-end of £687,661 (2022 - £376,693). The loan from Warren House Group at Dartington is secured and interest is charged at 3% above base, interest was payable in the year of £18,447 on this loan. In addition, a donation was made of £237,457 to Warren House Group at Dartington during the year. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The registered office of Warren House Group at Dartington is Lower Ground Floor, Higher Mills, Buckfast Abbey, Buckfastleigh, Devon, TQ11 0EE |