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REGISTERED NUMBER: 04714917 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

FINITE DESIGN LIMITED

FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINITE DESIGN LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S M Saunter





SECRETARY:





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 04714917 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250 3,250
Tangible assets 5 2,689 3,387
2,939 6,637

CURRENT ASSETS
Debtors 6 18,572 20,490
Cash at bank and in hand 36,149 33,697
54,721 54,187
CREDITORS
Amounts falling due within one year 7 37,977 37,442
NET CURRENT ASSETS 16,744 16,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,683

23,382

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 19,563 23,262
SHAREHOLDERS' FUNDS 19,683 23,382

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 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.

FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 25 September 2023 and were signed by:





S M Saunter - Director


FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Finite Design 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost

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 4 (2022 - 5 ) .

FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022 56,750
Amortisation for year 3,000
At 31 March 2023 59,750
NET BOOK VALUE
At 31 March 2023 250
At 31 March 2022 3,250

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 28,772
DEPRECIATION
At 1 April 2022 25,385
Charge for year 698
At 31 March 2023 26,083
NET BOOK VALUE
At 31 March 2023 2,689
At 31 March 2022 3,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 17,199 19,524
Other debtors 1,373 966
18,572 20,490

FINITE DESIGN LIMITED (REGISTERED NUMBER: 04714917)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 252 2,028
Taxation and social security 35,641 31,914
Other creditors 2,084 3,500
37,977 37,442