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REGISTERED NUMBER: 08622783 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2023

for

Designer Cane Ltd

Designer Cane Ltd (Registered number: 08622783)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Designer Cane Ltd

Company Information
for the Year Ended 30 July 2023







DIRECTOR: Mrs H I Darling





REGISTERED OFFICE: 4 Lincoln Road
Cramlington
Northumberland
NE23 3XT





REGISTERED NUMBER: 08622783 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Designer Cane Ltd (Registered number: 08622783)

Balance Sheet
30 July 2023

30.7.23 30.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,835 9,218

CURRENT ASSETS
Stocks 5 6,442 7,848
Debtors 6 758 2,298
Cash at bank and in hand 6,774 2,979
13,974 13,125
CREDITORS
Amounts falling due within one year 7 10,284 17,859
NET CURRENT ASSETS/(LIABILITIES) 3,690 (4,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,525

4,484

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,524 4,483
SHAREHOLDERS' FUNDS 11,525 4,484

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

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

The director acknowledges her 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.

Designer Cane Ltd (Registered number: 08622783)

Balance Sheet - continued
30 July 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 director and authorised for issue on 11 March 2024 and were signed by:





Mrs H I Darling - Director


Designer Cane Ltd (Registered number: 08622783)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

Designer Cane Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Show Room - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Designer Cane Ltd (Registered number: 08622783)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

4. TANGIBLE FIXED ASSETS
Computer
Show Room equipment Totals
£ £ £
COST
At 31 July 2022
and 30 July 2023 11,000 3,424 14,424
DEPRECIATION
At 31 July 2022 3,053 2,153 5,206
Charge for year 1,192 191 1,383
At 30 July 2023 4,245 2,344 6,589
NET BOOK VALUE
At 30 July 2023 6,755 1,080 7,835
At 30 July 2022 7,947 1,271 9,218

5. STOCKS
30.7.23 30.7.22
£ £
Stocks 6,442 7,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£ £
Other debtors 310 -
Directors' loan accounts 448 2,298
758 2,298

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£ £
Other loans 3,000 3,000
Trade creditors 4,794 11,270
Tax 1,298 407
Social security and other taxes - 240
VAT 392 1,428
Accrued expenses 800 1,514
10,284 17,859

Designer Cane Ltd

Report of the Accountants to the Director of
Designer Cane Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 July 2023 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


11 March 2024