Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-30 2023-09-30 1 2022-04-01 false Design consultancy services 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05389496 2022-04-01 2023-09-30 05389496 2021-04-01 2022-03-31 05389496 2023-09-30 05389496 2022-03-31 05389496 c:CompanySecretary1 2022-04-01 2023-09-30 05389496 c:Director1 2022-04-01 2023-09-30 05389496 c:RegisteredOffice 2022-04-01 2023-09-30 05389496 d:OfficeEquipment 2022-04-01 2023-09-30 05389496 d:OfficeEquipment 2023-09-30 05389496 d:OfficeEquipment 2022-03-31 05389496 d:CurrentFinancialInstruments 2023-09-30 05389496 d:CurrentFinancialInstruments 2022-03-31 05389496 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05389496 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05389496 d:ShareCapital 2023-09-30 05389496 d:ShareCapital 2022-03-31 05389496 d:RetainedEarningsAccumulatedLosses 2023-09-30 05389496 d:RetainedEarningsAccumulatedLosses 2022-03-31 05389496 c:OrdinaryShareClass1 2022-04-01 2023-09-30 05389496 c:OrdinaryShareClass1 2023-09-30 05389496 c:OrdinaryShareClass1 2022-03-31 05389496 c:FRS102 2022-04-01 2023-09-30 05389496 c:AuditExemptWithAccountantsReport 2022-04-01 2023-09-30 05389496 c:FullAccounts 2022-04-01 2023-09-30 05389496 c:PrivateLimitedCompanyLtd 2022-04-01 2023-09-30 05389496 2 2022-04-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05389496 TIMOTHY BUNN DESIGN LTD UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
TIMOTHY BUNN DESIGN LTD COMPANY INFORMATION
Director | T P Bunn
Company secretary | J R Bunn
Registered number | 05389496
Registered office | 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
Accountants | MA Partners LLP
| Chartered Accountants
| 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
TIMOTHY BUNN DESIGN LTD CONTENTS
| Page
Accountants' Report | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 8
TIMOTHY BUNN DESIGN LTD CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TIMOTHY BUNN DESIGN LTD FOR THE PERIOD ENDED 30 SEPTEMBER 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Timothy Bunn Design Ltd for the period ended 30 September 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation. This report is made solely to the director of Timothy Bunn Design Ltd in accordance with the terms of our engagement letter dated 13 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Timothy Bunn Design Ltd and state those matters that we have agreed to state to the director of Timothy Bunn Design Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Timothy Bunn Design Ltd and its director for our work or for this report. It is your duty to ensure that Timothy Bunn Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Timothy Bunn Design Ltd. You consider that Timothy Bunn Design Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or review of the financial statements of Timothy Bunn Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ 1 October 2023 Page 1
TIMOTHY BUNN DESIGN LTD REGISTERED NUMBER: 05389496 BALANCE SHEET AS AT 30 SEPTEMBER 2023
|  | 30 September |  | 31 March
|  | 2023 |  | 2022
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 94
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | - |  | 4,534 |
Cash at bank and in hand |  | 27,949 |  | 22,817 |
|  | 27,949 |  | 27,351 |
Creditors: amounts falling due within one year | 6 | (11,785) |  | (10,375) |
Net current assets |  |  | 16,164 |  | 16,976
Total assets less current liabilities |  |  | 16,164 |  | 17,070
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | - |  | (18)
Net assets |  |  | 16,164 |  | 17,052
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  |  | 16,064 |  | 16,952
|  |  | 16,164 |  | 17,052
Page 2
TIMOTHY BUNN DESIGN LTD REGISTERED NUMBER: 05389496 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2023 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2023.
T P Bunn
Director
The notes on pages 4 to 8 form part of these financial statements. Page 3
TIMOTHY BUNN DESIGN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
1. | General information
Timothy Bunn Design Limited is a private company limited by shares, incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The Company's principal place of business is Belton, Great Yarmouth, Norfolk. The Company's principal activity is the provision of design consultancy services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
TIMOTHY BUNN DESIGN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
TIMOTHY BUNN DESIGN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 33.3% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
| 2.12 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 6
TIMOTHY BUNN DESIGN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
3. | Employees
| The average monthly number of employees, including the director, during the period was as follows:
|  |  | 2023 | 2022
|  |  | No. | No.
|  | Director | 1 | 1
4. | Tangible fixed assets
|  | Office equipment
|  | £
| At 1 April 2022 | 9,034
| Disposals | (9,034)
| At 30 September 2023 | -
| At 1 April 2022 | 8,940
| Disposals | (8,940)
| At 30 September 2023 | -
| Net book value |
| At 30 September 2023 | -
| At 31 March 2022 | 94
5. | Debtors
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Trade debtors | - | 4,282
| Prepayments and accrued income | - | 252
|  | - | 4,534
Page 7
TIMOTHY BUNN DESIGN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Other taxation and social security | 8,186 | 4,708
| Other creditors | 707 | 3,819
| Accruals and deferred income | 2,892 | 1,848
|  | 11,785 | 10,375
7. | Share capital
|  |  |  |  | 30 September | 31 March
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2022 - 100) Ordinary shares shares of £1.00 each | 100 | 100
8. | Related party transactions
| As at 30 September 2023, a balance was due of £707 (2022: £3,819) to the director from the Company. The loan is interest free, repayable on demand and is included within other debtors in note 6 to the financial statements.
Page 8