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REGISTERED NUMBER: SC386308 (Scotland)




















Ford Design Limited

Unaudited Financial Statements

for the Period 1 May 2023 to 30 November 2023






Ford Design Limited (Registered number: SC386308)






Contents of the Financial Statements
for the Period 1 May 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ford Design Limited

Company Information
for the Period 1 May 2023 to 30 November 2023







DIRECTORS: Mr A D Ford
Mrs A Ford



SECRETARY: Mrs A Ford



REGISTERED OFFICE: 5 Grange Court
North Berwick
East Lothian
EH39 4LN



REGISTERED NUMBER: SC386308 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Allied Irish Bank
Charlotte Square
Edinburgh
EH2 4DE

Ford Design Limited (Registered number: SC386308)

Balance Sheet
30 November 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 - 2,435
Cash at bank 12,524 16,319
12,524 18,754
CREDITORS
Amounts falling due within one year 6 5,012 4,913
NET CURRENT ASSETS 7,512 13,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,512

13,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,412 13,741
SHAREHOLDERS' FUNDS 7,512 13,841

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

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

Ford Design Limited (Registered number: SC386308)

Balance Sheet - continued
30 November 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 21 February 2024 and were signed on its behalf by:





Mr A D Ford - Director


Ford Design Limited (Registered number: SC386308)

Notes to the Financial Statements
for the Period 1 May 2023 to 30 November 2023

1. STATUTORY INFORMATION

Ford Design Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover and revenue recognition
Turnover represents net invoiced provision of architectural services, excluding Value Added Tax.

Revenue from architectural services is recognised as earned, and to the extent that, the company has obtained the rights to the consideration in exchange for these services. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period 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 balance sheet date.


Ford Design Limited (Registered number: SC386308)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 1,048
Disposals (1,048 )
At 30 November 2023 -
DEPRECIATION
At 1 May 2023 1,048
Eliminated on disposal (1,048 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 April 2023 -

Ford Design Limited (Registered number: SC386308)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors - 2,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Directors current accounts 4,292 3,503
Accruals and deferred income 720 1,410
5,012 4,913