Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-11-01falseNo description of principal activity11true 08155835 2021-11-01 2022-10-31 08155835 2020-11-01 2021-10-31 08155835 2022-10-31 08155835 2021-10-31 08155835 c:Director1 2021-11-01 2022-10-31 08155835 d:PlantMachinery 2021-11-01 2022-10-31 08155835 d:PlantMachinery 2022-10-31 08155835 d:PlantMachinery 2021-10-31 08155835 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08155835 d:CurrentFinancialInstruments 2022-10-31 08155835 d:CurrentFinancialInstruments 2021-10-31 08155835 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08155835 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 08155835 d:ShareCapital 2022-10-31 08155835 d:ShareCapital 2021-10-31 08155835 d:RetainedEarningsAccumulatedLosses 2022-10-31 08155835 d:RetainedEarningsAccumulatedLosses 2021-10-31 08155835 c:OrdinaryShareClass1 2021-11-01 2022-10-31 08155835 c:OrdinaryShareClass1 2022-10-31 08155835 c:OrdinaryShareClass1 2021-10-31 08155835 c:FRS102 2021-11-01 2022-10-31 08155835 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 08155835 c:FullAccounts 2021-11-01 2022-10-31 08155835 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08155835









DESIGN OD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
DESIGN OD LIMITED
REGISTERED NUMBER: 08155835

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
414
518

  
414
518

Current assets
  

Debtors: amounts falling due within one year
 5 
6,505
2,835

Cash at bank and in hand
 6 
83
15,216

  
6,588
18,051

Creditors: amounts falling due within one year
 7 
(1,500)
(11,130)

Net current assets
  
 
 
5,088
 
 
6,921

Total assets less current liabilities
  
5,502
7,439

  

Net assets
  
5,502
7,439


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
5,501
7,438

  
5,502
7,439


Page 1

 
DESIGN OD LIMITED
REGISTERED NUMBER: 08155835
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E O'Donnell
Director

Date: 27 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DESIGN OD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Design OD Ltd is a private company limited by shares incorporated in England & Wales (registered number 08155835). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
DESIGN OD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
DESIGN OD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 November 2021
3,657



At 31 October 2022

3,657



Depreciation


At 1 November 2021
3,139


Charge for the year on owned assets
104



At 31 October 2022

3,243



Net book value



At 31 October 2022
414



At 31 October 2021
518


5.


Debtors

2022
2021
£
£


Other debtors
3,620
378

Tax recoverable
2,885
2,457

6,505
2,835



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
83
15,216

83
15,216


Page 5

 
DESIGN OD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
-
9,630

Accruals and deferred income
1,500
1,500

1,500
11,130



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1


 
Page 6