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REGISTERED NUMBER: 06414110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

UNITED BY DESIGN LIMITED

UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 9,611 7,684
11,111 10,684

CURRENT ASSETS
Stocks 10,465 9,511
Debtors 6 20,301 29,173
Cash at bank 6,334 7,222
37,100 45,906
CREDITORS
Amounts falling due within one year 7 38,572 63,578
NET CURRENT LIABILITIES (1,472 ) (17,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,639

(6,988

)

CREDITORS
Amounts falling due after more than one
year

8

(19,944

)

(27,149

)

PROVISIONS FOR LIABILITIES (1,826 ) (1,460 )
NET LIABILITIES (12,131 ) (35,597 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (12,134 ) (35,600 )
(12,131 ) (35,597 )

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





D J Turner - Director


UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

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

1. STATUTORY INFORMATION

United By Design Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06414110

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

The balance sheet shows that liabilities exceed assets by £12,131 and the company is dependent on the support of its directors for the continuance of normal trading operations. As the directors have indicated their continued support for the foreseeable future, and the company is confident that it can pay its debts as they fall due, the accounts have been drawn up assuming a going concern.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly 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.
Computer equipment - 15% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Government grants
The company recognises computer grant income into the profit and loss account on a 15% reducing balance basis, which is in line with the depreciation charged on the asset.

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost represents amounts incurred on labour up to the year end date.

Financial instruments
Bank loans and hire purchase agreements are initially recognised at the present value of the future cash payments and are subsequently measured at amortised cost using the effective interest rate.


UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,000
AMORTISATION
At 1 December 2022 12,000
Charge for year 1,500
At 30 November 2023 13,500
NET BOOK VALUE
At 30 November 2023 1,500
At 30 November 2022 3,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 19,036
Additions 3,623
At 30 November 2023 22,659
DEPRECIATION
At 1 December 2022 11,352
Charge for year 1,696
At 30 November 2023 13,048
NET BOOK VALUE
At 30 November 2023 9,611
At 30 November 2022 7,684

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 19,360 28,372
Prepayments 941 801
20,301 29,173

UNITED BY DESIGN LIMITED (REGISTERED NUMBER: 06414110)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,205 15,233
Trade creditors 1,366 4,168
Social security and other taxes 2,144 1,986
VAT 7,195 15,744
Other creditors 1,377 133
Directors' current accounts 16,900 23,707
Accrued expenses 2,385 2,607
38,572 63,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-5 years 14,166 17,817
Bank loans more 5 yr by instal 5,778 9,332
19,944 27,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,778 9,332

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdraft - 8,382