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REGISTERED NUMBER: 09059797 (England and Wales)


















I DESIGN (WALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2022






I DESIGN (WALES) LIMITED (REGISTERED NUMBER: 09059797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


I DESIGN (WALES) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2022







DIRECTOR: Mr I M James





REGISTERED OFFICE: Hollyoaks
Broadway
Laugharne
Carmarthen
Carmarthenshire
SA33 4NU





REGISTERED NUMBER: 09059797 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

I DESIGN (WALES) LIMITED (REGISTERED NUMBER: 09059797)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2022

2022 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313,858 321,712

CURRENT ASSETS
Debtors 3,649 -
Cash at bank 67,366 66,570
71,015 66,570
CREDITORS
Amounts falling due within one year 76,735 92,012
NET CURRENT LIABILITIES (5,720 ) (25,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,138

296,270

CREDITORS
Amounts falling due after more than one
year

5

208,373

211,993
NET ASSETS 99,765 84,277

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 99,755 84,267
SHAREHOLDERS' FUNDS 99,765 84,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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.

I DESIGN (WALES) LIMITED (REGISTERED NUMBER: 09059797)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 November 2023 and were signed by:





Mr I M James - Director


I DESIGN (WALES) LIMITED (REGISTERED NUMBER: 09059797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2022


1. STATUTORY INFORMATION

I Design (Wales) 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.

The accounts have been prepared on a going concern basis as in the director's opinion the company has sufficient funds and future income to continue in the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 10% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 30 November 2022 362,196
DEPRECIATION
At 1 June 2022 40,484
Charge for period 7,854
At 30 November 2022 48,338
NET BOOK VALUE
At 30 November 2022 313,858
At 31 May 2022 321,712

I DESIGN (WALES) LIMITED (REGISTERED NUMBER: 09059797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2022


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 179,640 183,260

6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2022
£    £   
Bank loans 215,361 218,981

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I M James.