IRIS Accounts Production v23.3.1.45 04744436 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047444362022-06-30047444362023-06-30047444362022-07-012023-06-30047444362021-06-30047444362021-07-012022-06-30047444362022-06-3004744436ns10:Originalns15:EnglandWales2022-07-012023-06-3004744436ns14:PoundSterlingns10:Original2022-07-012023-06-3004744436ns10:Originalns10:Director12022-07-012023-06-3004744436ns10:Original2022-07-012023-06-3004744436ns10:Original2023-06-3004744436ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004744436ns10:Originalns10:SmallEntities2022-07-012023-06-3004744436ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004744436ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004744436ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3004744436ns10:Originalns10:FullAccounts2022-07-012023-06-3004744436ns10:Original12022-07-012023-06-3004744436ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3004744436ns10:Originalns10:Director22022-07-012023-06-3004744436ns10:Originalns10:RegisteredOffice2022-07-012023-06-3004744436ns10:Original2022-06-3004744436ns10:Originalns5:CurrentFinancialInstruments2023-06-3004744436ns10:Originalns5:CurrentFinancialInstruments2022-06-3004744436ns10:Originalns5:Non-currentFinancialInstruments2023-06-3004744436ns10:Originalns5:Non-currentFinancialInstruments2022-06-3004744436ns5:ShareCapitalns10:Original2023-06-3004744436ns5:ShareCapitalns10:Original2022-06-3004744436ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3004744436ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3004744436ns10:Originalns5:NetGoodwill2022-07-012023-06-3004744436ns10:Originalns5:PlantMachinery2022-07-012023-06-3004744436ns10:Originalns5:FurnitureFittings2022-07-012023-06-3004744436ns10:Original2021-07-012022-06-3004744436ns10:Originalns5:NetGoodwill2022-06-3004744436ns10:Originalns5:NetGoodwill2023-06-3004744436ns10:Originalns5:NetGoodwill2022-06-3004744436ns10:Originalns5:PlantMachinery2022-06-3004744436ns10:Originalns5:FurnitureFittings2022-06-3004744436ns10:Original2022-06-3004744436ns10:Originalns5:PlantMachinery2023-06-3004744436ns10:Originalns5:FurnitureFittings2023-06-3004744436ns10:Originalns5:PlantMachinery2022-06-3004744436ns10:Originalns5:FurnitureFittings2022-06-3004744436ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004744436ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3004744436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3004744436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3004744436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3004744436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3004744436ns10:Originalns10:OrdinaryShareClass12023-06-3004744436ns10:Originalns10:Director222022-06-3004744436ns10:Originalns10:Director222021-06-3004744436ns10:Originalns10:Director222022-07-012023-06-3004744436ns10:Originalns10:Director222021-07-012022-06-3004744436ns10:Originalns10:Director222023-06-3004744436ns10:Originalns10:Director222022-06-30
REGISTERED NUMBER: 04744436 (England and Wales)















DB GRAPHIC DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DB GRAPHIC DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr D Beaumont
Mrs A Beaumont





REGISTERED OFFICE: Building 1063
Cornforth Drive
Kent Science Park
Sittingbourne
Kent
ME9 8PX





BUSINESS ADDRESS: 94 Edwin Road
GILLINGHAM
Kent
ME8 0AG





REGISTERED NUMBER: 04744436 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingbourne
Kent
ME9 8PX

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,569 3,977
3,569 3,977

CURRENT ASSETS
Debtors 7 10,583 11,971
Cash at bank 3,865 3,862
14,448 15,833
CREDITORS
Amounts falling due within one year 8 10,117 9,754
NET CURRENT ASSETS 4,331 6,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,900

10,056

CREDITORS
Amounts falling due after more than one
year

9

(6,432

)

(9,178

)

PROVISIONS FOR LIABILITIES (678 ) (678 )
NET ASSETS 790 200

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 690 100
SHAREHOLDERS' FUNDS 790 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Board of Directors and authorised for issue on 5 January 2024 and were signed on its behalf by:





Mrs A Beaumont - Director


DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

DB Graphic Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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 2004. This has been fully amortised over its estimated useful life of ten years

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
Fixtures and fittings - straight line over 3 years

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 2,250
AMORTISATION
At 1 July 2022
and 30 June 2023 2,250
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022 5,535 10,034 15,569
Additions - 780 780
At 30 June 2023 5,535 10,814 16,349
DEPRECIATION
At 1 July 2022 4,969 6,623 11,592
Charge for year 141 1,047 1,188
At 30 June 2023 5,110 7,670 12,780
NET BOOK VALUE
At 30 June 2023 425 3,144 3,569
At 30 June 2022 566 3,411 3,977

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,070 5,449
Directors' Current Accounts 4,641 4,999
Prepayments and accrued income 1,872 1,523
10,583 11,971

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 3,100 3,100
Other taxes and PAYE taxes 5,140 5,311
Other creditors 37 3
Accruals 1,840 1,340
10,117 9,754

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 3,100 3,100
Bank loans - 2-5 years 3,332 6,078
6,432 9,178

DB GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04744436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr D Beaumont
Balance outstanding at start of year 4,999 -
Amounts advanced 4,141 4,999
Amounts repaid (4,999 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,141 4,999