IRIS Accounts Production v24.1.9.2 08768381 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087683812022-10-31087683812023-10-31087683812022-11-012023-10-31087683812021-10-31087683812021-11-012022-10-31087683812022-10-3108768381ns15:EnglandWales2022-11-012023-10-3108768381ns14:PoundSterling2022-11-012023-10-3108768381ns10:Director12022-11-012023-10-3108768381ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3108768381ns10:SmallEntities2022-11-012023-10-3108768381ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3108768381ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3108768381ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3108768381ns10:FullAccounts2022-11-012023-10-3108768381ns10:OrdinaryShareClass12022-11-012023-10-3108768381ns10:Director22022-11-012023-10-3108768381ns10:RegisteredOffice2022-11-012023-10-3108768381ns5:CurrentFinancialInstruments2023-10-3108768381ns5:CurrentFinancialInstruments2022-10-3108768381ns5:Non-currentFinancialInstruments2023-10-3108768381ns5:Non-currentFinancialInstruments2022-10-3108768381ns5:ShareCapital2023-10-3108768381ns5:ShareCapital2022-10-3108768381ns5:RetainedEarningsAccumulatedLosses2023-10-3108768381ns5:RetainedEarningsAccumulatedLosses2022-10-310876838112022-11-012023-10-3108768381ns5:LeaseholdImprovements2022-11-012023-10-3108768381ns5:FurnitureFittings2022-11-012023-10-3108768381ns5:ComputerEquipment2022-11-012023-10-3108768381ns5:PlantMachinery2022-10-3108768381ns5:PlantMachinery2022-11-012023-10-3108768381ns5:PlantMachinery2023-10-3108768381ns5:PlantMachinery2022-10-3108768381ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3108768381ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3108768381ns5:DeferredTaxation2022-10-3108768381ns5:DeferredTaxation2022-11-012023-10-3108768381ns5:DeferredTaxation2023-10-3108768381ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 08768381 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CONCEPT EIGHT DESIGN LIMITED

CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONCEPT EIGHT DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr M Chowdhury
Mrs M Chowdhury





REGISTERED OFFICE: ESC House
South Road
Weybridge
Surrey
KT13 9DZ





REGISTERED NUMBER: 08768381 (England and Wales)





ACCOUNTANTS: EV Accountants Limited
Chartered Accountants
Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ

CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,538 3,279

CURRENT ASSETS
Debtors 5 38,518 208,366
Cash at bank 2,831 2,853
41,349 211,219
CREDITORS
Amounts falling due within one year 6 17,559 159,924
NET CURRENT ASSETS 23,790 51,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,328

54,574

CREDITORS
Amounts falling due after more than one
year

7

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES 8 (292 ) (623 )
NET ASSETS 869 19,784

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 769 19,684
SHAREHOLDERS' FUNDS 869 19,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 31 July 2024 and were signed on its behalf by:





Mr M Chowdhury - Director


CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Concept Eight Design Limited 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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which will have a significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial Assets classified as receivable within one year not amortised.

Clarification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at a amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 48,280
DEPRECIATION
At 1 November 2022 45,001
Charge for year 1,741
At 31 October 2023 46,742
NET BOOK VALUE
At 31 October 2023 1,538
At 31 October 2022 3,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 100
Other debtors 38,518 208,266
38,518 208,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,367 2,512
Taxation and social security 3,493 22,004
Other creditors 699 125,408
17,559 159,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,167 34,167

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 292 623

CONCEPT EIGHT DESIGN LIMITED (REGISTERED NUMBER: 08768381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 623
Provided during year (331 )
Balance at 31 October 2023 292

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors due within one year includes an amount of £79 (2022 - £13,979) owed to the directors of the company. This amount is interest free and has no fixed repayment terms.

11. RELATED PARTY DISCLOSURES

Other debtors due within one year includes an amount of £2,618 (2022 - £167,805) owed by Concept Eight Architects Limited and an amount of £30,910 (2022 - £21,100) owed by Evolve Projects Residential Limited, companies in which the director has an interest.

No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102, Section 1A.

12. ULTIMATE CONTROLLING PARTY

The company was under the joint control of the current directors of company, by virtue of their shareholdings in the company.