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DESIGNTEC LIMITED

Registered Number
04697063
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DESIGNTEC LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BURR, Melanie Jayne
BURR, Neil

Company Secretary

BURR, Melanie Jayne

Registered Address

13 The Close
Norwich
NR1 4DS

Registered Number

04697063 (England and Wales)
DESIGNTEC LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets34,9226,222
Tangible assets434,81845,980
39,74052,202
Current assets
Debtors30,09020,782
Cash at bank and on hand118,835125,024
148,925145,806
Creditors amounts falling due within one year5(66,973)(52,878)
Net current assets (liabilities)81,95292,928
Total assets less current liabilities121,692145,130
Provisions for liabilities6(9,985)(13,051)
Net assets111,707132,079
Capital and reserves
Called up share capital100100
Profit and loss account111,607131,979
Shareholders' funds111,707132,079
The financial statements were approved and authorised for issue by the Board of Directors on 2 August 2024, and are signed on its behalf by:
BURR, Neil
Director
Registered Company No. 04697063
DESIGNTEC LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. The other intangible fixed asset is amortised on a straight line basis over 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings-3
Vehicles25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 236,5006,500
At 31 March 246,5006,500
Amortisation and impairment
At 01 April 23278278
Charge for year1,3001,300
At 31 March 241,5781,578
Net book value
At 31 March 244,9224,922
At 31 March 236,2226,222
4.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2342,9612,73512,21957,915
Revaluations--2,8172,817
Disposals--(1,032)(1,032)
At 31 March 2442,9612,73514,00459,700
Depreciation and impairment
At 01 April 238952,7358,30511,935
Charge for year10,517-2,88513,402
On disposals--(455)(455)
At 31 March 2411,4122,73510,73524,882
Net book value
At 31 March 2431,549-3,26934,818
At 31 March 2342,066-3,91445,980
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables11,20215,736
Taxation and social security25,25417,120
Other creditors30,51719,332
Accrued liabilities and deferred income-690
Total66,97352,878
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,98513,051
Total9,98513,051