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REGISTERED NUMBER: 03533277 (England and Wales)















David Neale Design Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






David Neale Design Limited (Registered number: 03533277)






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


David Neale Design Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: DN Halsall
AE Halsall





SECRETARY: AE Halsall





REGISTERED OFFICE: March Cottage
Storrs Park
Bowness on Windermere
Cumbria
LA23 3LF





REGISTERED NUMBER: 03533277 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

David Neale Design Limited (Registered number: 03533277)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,025 16,061

CURRENT ASSETS
Stocks 5 3,142 3,374
Debtors 6 1,756 6,522
Cash at bank and in hand 24,764 45,863
29,662 55,759
CREDITORS
Amounts falling due within one year 7 15,392 32,764
NET CURRENT ASSETS 14,270 22,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,295

39,056

CREDITORS
Amounts falling due after more than one
year

8

(13,433

)

(18,633

)

PROVISIONS FOR LIABILITIES 9 (1,165 ) (664 )
NET ASSETS 11,697 19,759

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11,597 19,659
SHAREHOLDERS' FUNDS 11,697 19,759

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 directors acknowledge their 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.

David Neale Design Limited (Registered number: 03533277)

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 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 31 October 2023 and were signed on its behalf by:





DN Halsall - Director


David Neale Design Limited (Registered number: 03533277)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

David Neale 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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
Revenue is recognised, in respect of contracts where the company's contractual obligations are performed gradually over time, as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. 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 or deferred 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.


David Neale Design Limited (Registered number: 03533277)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 14,884 15,995 30,879
Disposals (757 ) - (757 )
At 31 March 2023 14,127 15,995 30,122
DEPRECIATION
At 1 April 2022 10,819 3,999 14,818
Charge for year 1,008 2,999 4,007
Eliminated on disposal (728 ) - (728 )
At 31 March 2023 11,099 6,998 18,097
NET BOOK VALUE
At 31 March 2023 3,028 8,997 12,025
At 31 March 2022 4,065 11,996 16,061

5. STOCKS
2023 2022
£    £   
Stock 3,142 3,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 294 -
Amounts recoverable on contracts - 5,000
Prepayments 1,462 1,522
1,756 6,522

David Neale Design Limited (Registered number: 03533277)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,200 5,200
Trade creditors 280 4,429
Taxation and social security 738 14,381
Other creditors 9,174 8,754
15,392 32,764

Included within other creditors is an amount due to the director of £6,573 (2022: £6,111). This amount is unsecured, interest free and has no fixed repayment date.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,433 18,633

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,165 664

Deferred
tax
£   
Balance at 1 April 2022 664
Provided during year 501
Balance at 31 March 2023 1,165

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

11. RELATED PARTY DISCLOSURES

In the directors' opinion the company is controlled by Mr DN Halsall and Mrs AE Halsall by virtue of their shareholdings.