Registered number
10721534
DesignforLiving Architects Limited
Filleted Accounts
31 March 2023
DesignforLiving Architects Limited
Registered number: 10721534
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 85 165
Current assets
Debtors 5 17,371 20,936
Cash at bank and in hand 57 302
17,428 21,238
Creditors: amounts falling due within one year 6 (16,708) (18,982)
Net current assets 720 2,256
Net assets 805 2,421
Capital and reserves
Called up share capital 100 100
Profit and loss account 705 2,321
Shareholder's funds 805 2,421
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D P Sullivan
Director
Approved by the board on 30 November 2023
DesignforLiving Architects Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over four years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 10,000
At 31 March 2023 10,000
Amortisation
At 1 April 2022 10,000
At 31 March 2023 10,000
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of four years.
4 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2022 1,545
At 31 March 2023 1,545
Depreciation
At 1 April 2022 1,380
Charge for the year 80
At 31 March 2023 1,460
Net book value
At 31 March 2023 85
At 31 March 2022 165
5 Debtors 2023 2022
£ £
Trade debtors 1,419 936
Directors loan 15,952 20,000
17,371 20,936
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,050 -
Taxation and social security costs 13,858 17,182
Other creditors 1,800 1,800
16,708 18,982
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 5,489 5,070
8 Controlling party
The company is controlled by the director.
9 Other information
DesignforLiving Architects Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 9
Westend Courtyard
Westend
Stonehouse
Glos
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