Company Registration No. 03466342 (England and Wales)
D-Squared Design Limited
Unaudited accounts
for the year ended 30 November 2023
D-Squared Design Limited
Unaudited accounts
Contents
D-Squared Design Limited
Company Information
for the year ended 30 November 2023
Company Number
03466342 (England and Wales)
Registered Office
2 Bell Meadow
Godstone
Surrey
RH9 8ED
United Kingdom
Accountants
Stephen Beard Accountancy Services
10 Cheshire Road
Thame
Oxon
OX9 3LQ
D-Squared Design Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,346
1,695
Cash at bank and in hand
218
422
Creditors: amounts falling due within one year
(3,638)
(3,074)
Net current assets
2,343
1,576
Called up share capital
100
100
Profit and loss account
3,589
3,171
Shareholders' funds
3,689
3,271
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2024 and were signed on its behalf by
Mr D.F. Drury
Director
Company Registration No. 03466342
D-Squared Design Limited
Notes to the Accounts
for the year ended 30 November 2023
D-Squared Design Limited is a private company, limited by shares, registered in England and Wales, registration number 03466342. The registered office is 2 Bell Meadow, Godstone, Surrey, RH9 8ED, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
D-Squared Design Limited
Notes to the Accounts
for the year ended 30 November 2023
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
At 30 November 2023
10,307
Amounts falling due within one year
Deferred tax asset
381
355
Accrued income and prepayments
1,622
1,560
D-Squared Design Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
558
484
Loans from directors
-
606
8
Deferred taxation
2023
2022
Accelerated capital allowances
(381)
(355)
Provision at start of year
(355)
(575)
(Credited)/charged to the profit and loss account
(26)
220
Provision at end of year
(381)
(355)
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Average number of employees
During the year the average number of employees was 2 (2022: 2).