5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09154046 2023-01-01 2023-12-31 09154046 2023-12-31 09154046 2022-12-31 09154046 2022-01-01 2022-12-31 09154046 2022-12-31 09154046 2021-12-31 09154046 core:LandBuildings 2023-01-01 2023-12-31 09154046 core:FurnitureFittings 2023-01-01 2023-12-31 09154046 bus:Director1 2023-01-01 2023-12-31 09154046 core:WithinOneYear 2023-12-31 09154046 core:WithinOneYear 2022-12-31 09154046 core:LandBuildings 2022-12-31 09154046 core:FurnitureFittings 2022-12-31 09154046 core:LandBuildings 2023-12-31 09154046 core:FurnitureFittings 2023-12-31 09154046 core:ShareCapital 2023-12-31 09154046 core:ShareCapital 2022-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2023-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2022-12-31 09154046 core:BetweenOneFiveYears 2022-12-31 09154046 core:LandBuildings 2022-12-31 09154046 core:FurnitureFittings 2022-12-31 09154046 bus:SmallEntities 2023-01-01 2023-12-31 09154046 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09154046 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09154046 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09154046 bus:FullAccounts 2023-01-01 2023-12-31 09154046 core:ComputerEquipment 2023-01-01 2023-12-31 09154046 core:ComputerEquipment 2022-12-31 09154046 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09154046
DESIGN SOMETHING MORE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
DESIGN SOMETHING MORE LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
6,729
17,771
CURRENT ASSETS
Work in progress
26,424
62,337
Debtors
6
157,180
94,001
Cash at bank and in hand
430,619
334,405
----------
----------
614,223
490,743
CREDITORS: amounts falling due within one year
7
116,006
57,555
----------
----------
NET CURRENT ASSETS
498,217
433,188
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
504,946
450,959
PROVISIONS
Taxation including deferred tax
1,683
3,377
----------
----------
NET ASSETS
503,263
447,582
----------
----------
DESIGN SOMETHING MORE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
300
300
Profit and loss account
502,963
447,282
----------
----------
SHAREHOLDERS FUNDS
503,263
447,582
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
Mr J Stubley
Director
Company registration number: 09154046
DESIGN SOMETHING MORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Compass House, East Street, Leeds, LS9 8EE.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the period, 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. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
(c) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Alterations
-
15% straight line
Fixtures & Fittings
-
15% reducing balance
Computer Equipment
-
50% straight line
(f) Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
(g) Financial instruments
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 entity after deducting all of its financial liabilities.
(h) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. TANGIBLE ASSETS
Property alterations
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2023
17,450
7,175
30,030
54,655
Additions
2,173
515
2,688
Disposals
( 1,200)
( 1,200)
--------
-------
--------
--------
At 31 December 2023
17,450
9,348
29,345
56,143
--------
-------
--------
--------
Depreciation
At 1 January 2023
15,055
5,102
16,727
36,884
Charge for the year
2,395
637
10,244
13,276
Disposals
( 746)
( 746)
--------
-------
--------
--------
At 31 December 2023
17,450
5,739
26,225
49,414
--------
-------
--------
--------
Carrying amount
At 31 December 2023
3,609
3,120
6,729
--------
-------
--------
--------
At 31 December 2022
2,395
2,073
13,303
17,771
--------
-------
--------
--------
6. DEBTORS
2023
2022
£
£
Trade debtors
139,164
76,061
Other debtors
18,016
17,940
----------
--------
157,180
94,001
----------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
2,013
1,900
Corporation tax
99,539
53,818
Social security and other taxes
9,260
1,012
Directors current accounts
510
509
Other creditors
4,684
316
----------
--------
116,006
57,555
----------
--------
8. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
13,413
26,825
Later than 1 year and not later than 5 years
13,413
--------
--------
13,413
40,238
--------
--------