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REGISTERED NUMBER: 06512522 (England and Wales)















Design Review Ltd

Unaudited Financial Statements for the Year Ended 30 September 2023






Design Review Ltd (Registered number: 06512522)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Design Review Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr Jonathan Robert Braddick





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 06512522 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

Design Review Ltd (Registered number: 06512522)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,717 13,930

CURRENT ASSETS
Debtors 5 246,683 18,780
Cash at bank 82,028 58,954
328,711 77,734
CREDITORS
Amounts falling due within one year 6 (160,209 ) (58,614 )
NET CURRENT ASSETS 168,502 19,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,219

33,050

CREDITORS
Amounts falling due after more than one
year

7

(95,743

)

(24,450

)

PROVISIONS FOR LIABILITIES (3,488 ) (1,774 )
NET ASSETS 86,988 6,826

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,888 6,726
86,988 6,826

Design Review Ltd (Registered number: 06512522)

Balance Sheet - continued
30 September 2023


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

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

The director acknowledges his 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.

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 12 March 2024 and were signed by:





Mr Jonathan Robert Braddick - Director


Design Review Ltd (Registered number: 06512522)

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


1. STATUTORY INFORMATION

Design Review 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.

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

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

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.
Plant and machinery - 25% reducing balance

Financial instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instruments is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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.

Design Review Ltd (Registered number: 06512522)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2022 30,980
Additions 8,233
At 30 September 2023 39,213
DEPRECIATION
At 1 October 2022 17,050
Charge for year 4,446
At 30 September 2023 21,496
NET BOOK VALUE
At 30 September 2023 17,717
At 30 September 2022 13,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors
and accrued income 27,740 18,780
Directors' current accounts 163,696 -
Tax 55,247 -
246,683 18,780

Design Review Ltd (Registered number: 06512522)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,911 3,227
Trade creditors 4,961 10,260
Tax 101,276 6,310
Social security and other taxes 1,727 (6,532 )
VAT 16,794 12,089
Other creditors 3,486 6,019
Other creditor - intercompany
loan 298 8,829
Directors' current accounts - 15,787
Accruals and deferred income 2,756 2,625
160,209 58,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,911 3,227
Bank loans - 2-5 years 58,049 9,681
Bank loans more 5 yr by instal 8,783 11,542
95,743 24,450

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,783 11,542

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr Jonathan Robert Braddick
Balance outstanding at start of year (15,786 ) 9,488
Amounts advanced 274,493 -
Amounts repaid (95,011 ) (25,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 163,696 (15,786 )

The balance of £106,900 has had interest charged of £7,816.45, the remaining balance has had interest charged at the beneficial loan rate set by HM Revenue and Customs.