Norris Design Consultancy Ltd 10202542 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is design consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 10202542 2022-07-01 2023-06-30 10202542 2023-06-30 10202542 bus:OrdinaryShareClass1 2023-06-30 10202542 core:RetainedEarningsAccumulatedLosses 2023-06-30 10202542 core:ShareCapital 2023-06-30 10202542 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 10202542 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 10202542 core:CurrentFinancialInstruments 2023-06-30 10202542 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10202542 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10202542 core:FurnitureFittingsToolsEquipment 2023-06-30 10202542 bus:SmallEntities 2022-07-01 2023-06-30 10202542 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10202542 bus:FullAccounts 2022-07-01 2023-06-30 10202542 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10202542 bus:RegisteredOffice 2022-07-01 2023-06-30 10202542 bus:CompanySecretary1 2022-07-01 2023-06-30 10202542 bus:Director1 2022-07-01 2023-06-30 10202542 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10202542 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10202542 core:ComputerEquipment 2022-07-01 2023-06-30 10202542 core:FurnitureFittings 2022-07-01 2023-06-30 10202542 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 10202542 countries:EnglandWales 2022-07-01 2023-06-30 10202542 2022-06-30 10202542 core:FurnitureFittingsToolsEquipment 2022-06-30 10202542 2021-07-01 2022-06-30 10202542 2022-06-30 10202542 bus:OrdinaryShareClass1 2022-06-30 10202542 core:RetainedEarningsAccumulatedLosses 2022-06-30 10202542 core:ShareCapital 2022-06-30 10202542 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-06-30 10202542 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-06-30 10202542 core:CurrentFinancialInstruments 2022-06-30 10202542 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 10202542 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 10202542 core:FurnitureFittingsToolsEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10202542

Norris Design Consultancy Ltd trading as Norris Design Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Company Information

Director

Mr J O Norris

Company secretary

Mrs S A N Norris

Registered office

161 Kings Acre Road
Hereford
HR4 0SP

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

(Registration number: 10202542)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,286

431

Current assets

 

Debtors

5

8,759

13,544

Cash at bank and in hand

 

6,067

1,962

 

14,826

15,506

Creditors: Amounts falling due within one year

6

(15,050)

(15,555)

Net current liabilities

 

(224)

(49)

Total assets less current liabilities

 

2,062

382

Creditors: Amounts falling due after more than one year

6

(1,041)

-

Provisions for liabilities

(434)

(82)

Net assets

 

587

300

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

585

298

Shareholders' funds

 

587

300

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

(Registration number: 10202542)
Balance Sheet as at 30 June 2023
(continued)

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 February 2024
 

.........................................
Mr J O Norris
Director

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
161 Kings Acre Road
Hereford
HR4 0SP
England

These financial statements were authorised for issue by the director on 8 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% of cost per annum

Fixtures and fittings

20% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

1,890

1,890

Additions

2,299

2,299

At 30 June 2023

4,189

4,189

Depreciation

At 1 July 2022

1,459

1,459

Charge for the year

444

444

At 30 June 2023

1,903

1,903

Carrying amount

At 30 June 2023

2,286

2,286

At 30 June 2022

431

431

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

5

debtors

2023
£

2022
£

Trade debtors

4,560

8,040

Prepayments

2,025

2,179

Other debtors

2,174

3,325

8,759

13,544

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,250

1,909

Trade creditors

 

2,843

2,796

Taxation and social security

 

10,668

10,550

Accruals and deferred income

 

289

300

 

15,050

15,555

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,041

-

 

Norris Design Consultancy Ltd

trading as Norris Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
(continued)

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

1,041

-

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

1,909

Hire purchase contracts

1,250

-

1,250

1,909