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REGISTERED NUMBER: 05551957 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DESIGN & INSTALLATION SERVICES
LIMITED

DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

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


DESIGN & INSTALLATION SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr A M Lynch





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 05551957 (England and Wales)

DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,750 5,250
Tangible assets 5 6,081 8,108
9,831 13,358

CURRENT ASSETS
Stocks 9,550 13,354
Debtors 6 42,293 39,682
Cash at bank 67,987 7
119,830 53,043
CREDITORS
Amounts falling due within one year 7 60,644 46,789
NET CURRENT ASSETS 59,186 6,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,017

19,612

CREDITORS
Amounts falling due after more than one
year

8

-

(2,932

)

PROVISIONS FOR LIABILITIES (1,520 ) (1,541 )
NET ASSETS 67,497 15,139

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 67,487 15,129
67,497 15,139

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.

DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

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 6 November 2023 and were signed by:





Mr A M Lynch - Director


DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Design & Installation Services 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 2019, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022 24,750
Charge for year 1,500
At 31 March 2023 26,250
NET BOOK VALUE
At 31 March 2023 3,750
At 31 March 2022 5,250

DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 3,107 60 22,991 4,278 30,436
DEPRECIATION
At 1 April 2022 3,082 60 14,908 4,278 22,328
Charge for year 6 - 2,021 - 2,027
At 31 March 2023 3,088 60 16,929 4,278 24,355
NET BOOK VALUE
At 31 March 2023 19 - 6,062 - 6,081
At 31 March 2022 25 - 8,083 - 8,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,716 19,173
Other debtors 31,577 20,509
42,293 39,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 18,856
Hire purchase contracts 2,932 3,518
Trade creditors 6,912 1,627
Taxation and social security 50,275 21,341
Other creditors 525 1,447
60,644 46,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 2,932

DESIGN & INSTALLATION SERVICES
LIMITED (REGISTERED NUMBER: 05551957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr A M Lynch
Balance outstanding at start of year (108 ) (14 )
Amounts advanced 22,176 17,926
Amounts repaid (11,000 ) (18,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,068 (108 )

The loan is interest free and repayable on demand.