Sarah Bell Design Ltd 8359588 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is Graphic design Digita Accounts Production Advanced 6.30.9574.0 true 8359588 2022-02-01 2023-01-31 8359588 2023-01-31 8359588 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 8359588 core:FurnitureFittingsToolsEquipment 2023-01-31 8359588 bus:SmallEntities 2022-02-01 2023-01-31 8359588 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 8359588 bus:FullAccounts 2022-02-01 2023-01-31 8359588 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 8359588 bus:RegisteredOffice 2022-02-01 2023-01-31 8359588 bus:Director1 2022-02-01 2023-01-31 8359588 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-02-01 2023-01-31 8359588 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 8359588 core:OfficeEquipment 2022-02-01 2023-01-31 8359588 countries:AllCountries 2022-02-01 2023-01-31 8359588 2022-01-31 8359588 core:FurnitureFittingsToolsEquipment 2022-01-31 8359588 2021-02-01 2022-01-31 8359588 2022-01-31 8359588 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 8359588 bus:OrdinaryShareClass1 bus:CumulativeShares 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 8359588

Sarah Bell Design Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Sarah Bell Design Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Sarah Bell Design Ltd

Company Information

Director

Mrs Sarah Bell

Registered office

6 Denton Court,
14 Cranes Drive
Surbiton
Surrey
KT5 8AL

Accountants

Simon Kingsley
58 Montague Road
Hackney
London
E8 2HW

 

Sarah Bell Design Ltd

(Registration number: 8359588)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

53,233

53,681

Creditors: Amounts falling due within one year

6

(4,017)

(1,757)

Net assets

 

49,216

51,924

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

49,215

51,923

Shareholders' funds

 

49,216

51,924

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 October 2023
 

.........................................
Mrs Sarah Bell
Director

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
6 Denton Court,
14 Cranes Drive
Surbiton
Surrey
KT5 8AL
England

These financial statements were authorised for issue by the director on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

3,180

3,180

At 31 January 2023

3,180

3,180

Depreciation

At 1 February 2022

3,180

3,180

At 31 January 2023

3,180

3,180

Carrying amount

At 31 January 2023

-

-

5

Debtors

Current

2023
£

2022
£

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

660

660

Taxation and social security

-

1,088

Other creditors

3,357

9

4,017

1,757

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Share capital

8

Dividends

 

2023

2022

 

£

£

Interim dividend of £2,000.00 (2022 - £5,500.00) per ordinary share

2,000

5,500

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £2,000.00 (2022 - £5,500.00) per each Ordinary

 

2,000

 

5,500

         

9

Related party transactions

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Transactions with the director

 

Sarah Bell Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

-

1,477

Dividends paid to the director

   

2023
£

 

2022
£

Mrs Sarah Bell

       

Dividends paid

 

-

 

-