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REGISTERED NUMBER: 12613600 (England and Wales)








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: R M Dobson
V N Hansen
J R Glover





SECRETARY: L Evans





REGISTERED OFFICE: Lower Ground Floor
Higher Mills
Buckfast Abbey
Buckfastleigh
Devon
TQ11 0EE





REGISTERED NUMBER: 12613600 (England and Wales)





AUDITORS: Bromhead
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 20,088 28,435

CURRENT ASSETS
Debtors 5 779,209 620,754
Cash at bank 152,237 212,891
931,446 833,645
CREDITORS
Amounts falling due within one year 6 454,138 624,622
NET CURRENT ASSETS 477,308 209,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,396

237,458

CREDITORS
Amounts falling due after more than one
year

7

(440,254

)

-

PROVISIONS FOR LIABILITIES (3,817 ) -
NET ASSETS 53,325 237,458

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,324 237,457
53,325 237,458

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





R M Dobson - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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 23 (2022 - 17 ) .

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 32,444
Additions 7,163
Disposals (5,603 )
At 31 March 2023 34,004
DEPRECIATION
At 1 April 2022 4,009
Charge for year 10,832
Eliminated on disposal (925 )
At 31 March 2023 13,916
NET BOOK VALUE
At 31 March 2023 20,088
At 31 March 2022 28,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 391,296 511,230
Other debtors 387,913 109,524
779,209 620,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 109,383 77,654
Amounts owed to group undertakings 175,236 376,693
Taxation and social security 87,102 44,871
Other creditors 82,417 125,404
454,138 624,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 440,254 -

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.

James Groves (Senior Statutory Auditor)
for and on behalf of Bromhead

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 Warren House Group at Dartington.

The registered office of Warren House Group at Dartington is Lower Ground Floor, Higher Mills, Buckfast Abbey, Buckfastleigh, Devon, TQ11 0EE