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REGISTERED NUMBER: 07010264 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Design 4 Life Limited

Design 4 Life Limited (Registered number: 07010264)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Design 4 Life Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs T Younger
Mr M I Younger





SECRETARY: Mr M I Younger





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
City of Bristol
BS32 4JY





REGISTERED NUMBER: 07010264 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Design 4 Life Limited (Registered number: 07010264)

Balance Sheet
29 February 2024

29.2.24 28.2.23
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 131,785 181,799

CURRENT ASSETS
Debtors 5 619,024 614,777
Cash at bank and in hand 75,530 59,495
694,554 674,272
CREDITORS
Amounts falling due within one year 6 (59,573 ) (37,841 )
NET CURRENT ASSETS 634,981 636,431
TOTAL ASSETS LESS CURRENT LIABILITIES 766,766 818,230

PROVISIONS FOR LIABILITIES (23,476 ) (32,512 )
NET ASSETS 743,290 785,718

CAPITAL AND RESERVES
Called up share capital 7 201 201
Retained earnings 8 743,089 785,517
SHAREHOLDERS' FUNDS 743,290 785,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 27 August 2024 and were signed on its behalf by:





Mr M I Younger - Director


Design 4 Life Limited (Registered number: 07010264)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Design 4 Life 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.

Turnover
Turnover represents sales of services supplied, excluding value added tax.

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 - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 47 ) .

Design 4 Life Limited (Registered number: 07010264)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 44,994 55,706 57,216
Additions - - 2,098
Disposals - - -
At 29 February 2024 44,994 55,706 59,314
DEPRECIATION
At 1 March 2023 34,310 44,735 35,987
Charge for year 2,671 2,743 5,729
Eliminated on disposal - - -
At 29 February 2024 36,981 47,478 41,716
NET BOOK VALUE
At 29 February 2024 8,013 8,228 17,598
At 28 February 2023 10,684 10,971 21,229

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 280,928 26,910 465,754
Additions - 597 2,695
Disposals (28,474 ) (1,198 ) (29,672 )
At 29 February 2024 252,454 26,309 438,777
DEPRECIATION
At 1 March 2023 149,750 19,173 283,955
Charge for year 32,767 2,620 46,530
Eliminated on disposal (22,297 ) (1,196 ) (23,493 )
At 29 February 2024 160,220 20,597 306,992
NET BOOK VALUE
At 29 February 2024 92,234 5,712 131,785
At 28 February 2023 131,178 7,737 181,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
as restated
£    £   
Trade debtors 104,992 99,727
Design 4 Life Property 502,939 502,939
Prepayments 11,093 12,111
619,024 614,777

Design 4 Life Limited (Registered number: 07010264)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
as restated
£    £   
Tax 45,224 23,403
Social security and other taxes 11,500 12,291
Directors' current accounts 599 2
Accrued expenses 2,250 2,145
59,573 37,841

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: as restated
£    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1 Ordinary C £1 1 1
201 201

8. RESERVES
Retained
earnings
£   

At 1 March 2023 785,517
Profit for the year 101,080
Dividends (143,508 )
At 29 February 2024 743,089