2021-12-01 2022-11-30 false Capium Accounts Production 1.1 05988986 bus:AbridgedAccounts 2021-12-01 2022-11-30 05988986 bus:FRS102 2021-12-01 2022-11-30 05988986 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 05988986 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 05988986 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 05988986 2021-12-01 2022-11-30 05988986 2022-11-30 05988986 bus:RegisteredOffice 2021-12-01 2022-11-30 05988986 core:WithinOneYear 2022-11-30 05988986 core:AfterOneYear 2022-11-30 05988986 bus:Director1 2021-12-01 2022-11-30 05988986 bus:Director1 2022-11-30 05988986 bus:Director1 2020-12-01 2021-11-30 05988986 bus:Director2 2021-12-01 2022-11-30 05988986 bus:Director2 2022-11-30 05988986 bus:Director2 2020-12-01 2021-11-30 05988986 2020-12-01 05988986 bus:CompanySecretary1 2021-12-01 2022-11-30 05988986 bus:LeadAgentIfApplicable 2021-12-01 2022-11-30 05988986 2020-12-01 2021-11-30 05988986 2021-11-30 05988986 core:WithinOneYear 2021-11-30 05988986 core:AfterOneYear 2021-11-30 05988986 bus:EntityAccountantsOrAuditors 2020-12-01 2021-11-30 05988986 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 05988986 bus:OrdinaryShareClass1 2022-11-30 05988986 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 05988986 bus:OrdinaryShareClass1 2021-11-30 05988986 core:FurnitureFittings 2021-12-01 2022-11-30 05988986 core:FurnitureFittings 2022-11-30 05988986 core:FurnitureFittings 2021-11-30 05988986 core:ComputerEquipment 2021-12-01 2022-11-30 05988986 core:ComputerEquipment 2022-11-30 05988986 core:ComputerEquipment 2021-11-30 05988986 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 05988986 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-11-30 05988986 core:OtherResidualIntangibleAssets 2021-12-01 2022-11-30 05988986 core:OtherResidualIntangibleAssets 2022-11-30 05988986 core:OtherResidualIntangibleAssets 2021-11-30 05988986 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 05988986 core:CostValuation core:Non-currentFinancialInstruments 2021-11-30 05988986 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-11-30 05988986 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2022-11-30 05988986 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2022-11-30 05988986 core:Non-currentFinancialInstruments 2022-11-30 05988986 core:Non-currentFinancialInstruments 2021-11-30 05988986 core:ShareCapital 2022-11-30 05988986 core:ShareCapital 2021-11-30 05988986 core:RetainedEarningsAccumulatedLosses 2022-11-30 05988986 core:RetainedEarningsAccumulatedLosses 2021-11-30 05988986 dpl:Item1 2021-12-01 05988986 dpl:Item1 2022-11-30 05988986 dpl:Item1 2020-12-01 05988986 dpl:Item1 2021-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 05988986
England and Wales

 

 

 

GUD DESIGN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2021

End date: 30 November 2022
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 4 1    1 
Tangible fixed assets 5 1,552    1,993 
1,553    1,994 
Current assets      
Stocks 6,240   
Debtors 29,537    61,015 
Cash at bank and in hand 23,553    15,364 
59,330    76,379 
Creditors: amount falling due within one year (59,740)   (77,929)
Net current liabilities (410)   (1,550)
 
Total assets less current liabilities 1,143    444 
Net assets 1,143    444 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 1,043    344 
Shareholder's funds 1,143    444 
 


For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 November 2023 and were signed on its behalf by:


-------------------------------
David Williams
Director
1
General Information
GUD Design Limited is a private company, limited by shares, registered in England and Wales, registration number 05988986, registration address The Barns, 5 Village Road, Oxton, Wirral, CH43 5SR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2021 : 5).
3.

Financial Commitments, Guarantees and Contingencies

The company has a lease agreement for equipment hire. At the year end there is a future liability of £17,417.

4.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 December 2021 10,000    10,000 
Additions  
Disposals  
At 30 November 2022 10,000    10,000 
Amortisation
At 01 December 2021 9,999    9,999 
Charge for year  
On disposals  
At 30 November 2022 9,999    9,999 
Net book values
At 30 November 2022 1    1 
At 30 November 2021 1    1 


5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 December 2021 13,605    34,847    48,452 
Additions   307    307 
Disposals    
At 30 November 2022 13,605    35,154    48,759 
Depreciation
At 01 December 2021 13,130    33,329    46,459 
Charge for year 119    629    748 
On disposals    
At 30 November 2022 13,249    33,958    47,207 
Net book values
Closing balance as at 30 November 2022 356    1,196    1,552 
Opening balance as at 01 December 2021 475    1,518    1,993 


6.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

2