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Company Registration No. 14682565 (England and Wales)
Design Guy Brand Development Ltd Unaudited accounts for the period from 22 February 2023 to 31 March 2024
Design Guy Brand Development Ltd Unaudited accounts Contents
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Design Guy Brand Development Ltd Company Information for the period from 22 February 2023 to 31 March 2024
Director
David Stuart Barson
Company Number
14682565 (England and Wales)
Registered Office
6 Musewell Close Theale Reading RG7 5EF England
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Design Guy Brand Development Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Current assets
Debtors
229 
Cash at bank and in hand
12,955 
13,184 
Creditors: amounts falling due within one year
(6,962)
Net current assets
6,222 
Net assets
6,222 
Capital and reserves
Called up share capital
10 
Profit and loss account
6,212 
Shareholders' funds
6,222 
For the period ending 31 March 2024 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 30 June 2024 and were signed on its behalf by
David Stuart Barson Director Company Registration No. 14682565
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Design Guy Brand Development Ltd Notes to the Accounts for the period from 22 February 2023 to 31 March 2024
1
Statutory information
Design Guy Brand Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 14682565. The registered office is 6 Musewell Close, Theale, Reading, RG7 5EF, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Deferred taxation
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.
Cash
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Design Guy Brand Development Ltd Notes to the Accounts for the period from 22 February 2023 to 31 March 2024
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
229 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
6,364 
Loans from directors
598 
6,962 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
50 Ordinary shares A of £0.10 each
5 
50 Ordinary shares B of £0.10 each
5 
10 
7
Transactions with related parties
At 31 March 2024, the company owed David Barson, the Director, £598 arising from operating expenses paid on its behalf. The loan is unsecured, interest-free and has no fixed terms of repayment.
8
Average number of employees
During the period the average number of employees was 1.
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