2022-04-01 06521824 2023-03-31 06521824 2022-04-01 2023-03-31 06521824 2022-03-31 06521824 2021-04-01 2022-03-31 06521824 uk-core:WithinOneYear 2022-03-31 06521824 uk-core:WithinOneYear 2023-03-31 06521824 uk-core:AfterOneYear 2022-03-31 06521824 uk-core:AfterOneYear 2023-03-31 06521824 uk-core:ShareCapital 2023-03-31 06521824 uk-core:ShareCapital 2022-03-31 06521824 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06521824 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 06521824 uk-bus:Director1 2022-04-01 2023-03-31 06521824 uk-core:Buildings 2022-04-01 2023-03-31 06521824 uk-core:PlantMachinery 2022-04-01 2023-03-31 06521824 uk-core:ToolsEquipment 2022-04-01 2023-03-31 06521824 uk-core:ToolsEquipment 2022-03-31 06521824 uk-core:PlantMachinery 2022-03-31 06521824 uk-core:Buildings 2022-03-31 06521824 uk-core:Buildings 2023-03-31 06521824 uk-core:PlantMachinery 2023-03-31 06521824 uk-core:ToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure 06521824 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06521824 uk-bus:FRS102 2022-04-01 2023-03-31 06521824 uk-bus:FullAccounts 2022-04-01 2023-03-31 06521824 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Convert Design Ltd
Registered Number:06521824
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Convert Design Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06521824
As at 31 March 2023
Convert Design Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,756
5,811
2
4,756
5,811
Current assets
11,269
Cash and cash equivalents
15,371
15,371
11,269
Trade and other payables: amounts falling due within one year
(2,603)
(12,578)
3
8,666
2,793
Net current assets
Total assets less current liabilities
7,549
14,477
Trade and other payables: amounts falling due after more than
one year
(3,908)
(3,006)
4
4,543
Net assets
10,569
Capital and reserves
Called up share capital
1
1
Retained earnings
4,542
10,568
4,543
10,569
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christophe Convert Director
These financial statements were approved and authorised for issue by the Board on 13 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Convert Design Ltd
Notes to the Financial Statements
Statutory Information
Convert Design Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06521824.
Principal place of business:
2 The Dog
Baughton
Earls Crooms
Worcestershire
WR8 9DQ
Registered address:
40 High Street
Pershore
Worcestershire
WR10 1DP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
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:
Land and buildings
25% Reducing balance
Plant and machinery
25% Reducing balance
33% Straight line
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2023
Convert Design Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or valuation
At 01 April 2022
21,864
14,718
2,656
4,490
2,823
2,123
700
-
Additions
At 31 March 2023
4,490
3,356
16,841
24,687
Provision for depreciation and impairment
At 01 April 2022
16,053
12,131
1,958
1,964
Charge for year
3,878
2,898
349
631
At 31 March 2023
19,931
15,029
2,307
2,595
At 31 March 2023
Net book value
1,895
1,049
1,812
4,756
At 31 March 2022
2,526
698
2,587
5,811
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
4,362
(157)
Taxation and social security
6,178
1,073
Other creditors
2,038
1,687
12,578
2,603
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
3,006
3,908
5. Average number of persons employed
During the year the average number of employees was 3.
6. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
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