Silverfin false false 31/08/2023 01/09/2022 31/08/2023 Mrs T E M Gendall 25/07/2000 23 August 2024 The principal activity of the Company during the financial year was the provision of design consultancy services. 04040522 2023-08-31 04040522 bus:Director1 2023-08-31 04040522 2022-08-31 04040522 core:CurrentFinancialInstruments 2023-08-31 04040522 core:CurrentFinancialInstruments 2022-08-31 04040522 core:Non-currentFinancialInstruments 2023-08-31 04040522 core:Non-currentFinancialInstruments 2022-08-31 04040522 core:ShareCapital 2023-08-31 04040522 core:ShareCapital 2022-08-31 04040522 core:SharePremium 2023-08-31 04040522 core:SharePremium 2022-08-31 04040522 core:RetainedEarningsAccumulatedLosses 2023-08-31 04040522 core:RetainedEarningsAccumulatedLosses 2022-08-31 04040522 core:LeaseholdImprovements 2022-08-31 04040522 core:FurnitureFittings 2022-08-31 04040522 core:LeaseholdImprovements 2023-08-31 04040522 core:FurnitureFittings 2023-08-31 04040522 bus:OrdinaryShareClass1 2023-08-31 04040522 2022-09-01 2023-08-31 04040522 bus:FilletedAccounts 2022-09-01 2023-08-31 04040522 bus:SmallEntities 2022-09-01 2023-08-31 04040522 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04040522 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04040522 bus:Director1 2022-09-01 2023-08-31 04040522 core:FurnitureFittings 2022-09-01 2023-08-31 04040522 2021-09-01 2022-08-31 04040522 core:LeaseholdImprovements 2022-09-01 2023-08-31 04040522 core:CurrentFinancialInstruments 2022-09-01 2023-08-31 04040522 core:Non-currentFinancialInstruments 2022-09-01 2023-08-31 04040522 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 04040522 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04040522 (England and Wales)

GENDALL DESIGN LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

GENDALL DESIGN LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

GENDALL DESIGN LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
GENDALL DESIGN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR Mrs T E M Gendall
SECRETARY Mrs T E M Gendall
REGISTERED OFFICE 79-81 Boslowick Road
Falmouth
TR11 4QD
United Kingdom
COMPANY NUMBER 04040522 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
GENDALL DESIGN LIMITED

BALANCE SHEET

As at 31 August 2023
GENDALL DESIGN LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,193 4,314
2,193 4,314
Current assets
Debtors 4 31,900 78,639
Cash at bank and in hand 24 6,492
31,924 85,131
Creditors: amounts falling due within one year 5 ( 50,484) ( 43,025)
Net current (liabilities)/assets (18,560) 42,106
Total assets less current liabilities (16,367) 46,420
Creditors: amounts falling due after more than one year 6 ( 23,348) ( 29,173)
Provision for liabilities 0 ( 428)
Net (liabilities)/assets ( 39,715) 16,819
Capital and reserves
Called-up share capital 7 100 100
Share premium account 6,217 6,217
Profit and loss account ( 46,032 ) 10,502
Total shareholder's (deficit)/funds ( 39,715) 16,819

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Gendall Design Limited (registered number: 04040522) were approved and authorised for issue by the Director on 23 August 2024. They were signed on its behalf by:

Mrs T E M Gendall
Director
GENDALL DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
GENDALL DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gendall Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 79-81 Boslowick Road, Falmouth, TR11 4QD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The accounts show a loss for the year after tax of £46,032 and net liabilities at the year end of £39,715. Since the year end, the company has secured new trading contracts that the director anticipates will allow the company to return to profit. The director has assessed likely future cash flows at the date of approving these financial statements and has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from this date. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services provided is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements not depreciated
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.

The company broke the lease on its property in April 2022 and so the cost of leasehold improvements has been impaired to zero.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 5

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 September 2022 152,232 60,668 212,900
Disposals ( 152,232) ( 7,239) ( 159,471)
At 31 August 2023 0 53,429 53,429
Accumulated depreciation
At 01 September 2022 152,232 56,354 208,586
Charge for the financial year 0 731 731
Disposals ( 152,232) ( 5,849) ( 158,081)
At 31 August 2023 0 51,236 51,236
Net book value
At 31 August 2023 0 2,193 2,193
At 31 August 2022 0 4,314 4,314

4. Debtors

2023 2022
£ £
Trade debtors 18,104 39,167
Prepayments 1,027 2,210
Corporation tax 12,637 33,378
Other debtors 132 3,884
31,900 78,639

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 23,366 10,000
Trade creditors 3,388 4,752
Amounts owed to director 3,178 128
Accruals and deferred income 11,178 7,002
Other taxation and social security 9,037 21,143
Other creditors 337 0
50,484 43,025

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 23,348 29,173

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Mrs T E M Gendall 0 0

Advances

Advances were made to the director during the year to a maximum balance of £9,792 (2022 £8,472). At 31 August 2023, the balance owed by the company to the director was £3,178 (2022 £128). No interest was charged on these loans.