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REGISTERED NUMBER: 04996780 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

HUGE DESIGN LIMITED

HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUGE DESIGN LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Harrison





SECRETARY: J Harrison





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 04996780 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 4,784 3,906
4,784 4,906

CURRENT ASSETS
Debtors 6 7,409 4,456
Cash at bank 11,154 22,382
18,563 26,838
CREDITORS
Amounts falling due within one year 7 16,862 18,824
NET CURRENT ASSETS 1,701 8,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,485

12,920

CREDITORS
Amounts falling due after more than one
year

8

(6,184

)

(11,208

)

PROVISIONS FOR LIABILITIES (177 ) (177 )
NET ASSETS 124 1,535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24 1,435
124 1,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 22 August 2024 and were signed by:





M Harrison - Director


HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Huge Design 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.


HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 19,000
Amortisation for year 1,000
At 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,000

HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 109,904 - 5,624 115,528
Additions - 2,649 396 3,045
At 31 March 2024 109,904 2,649 6,020 118,573
DEPRECIATION
At 1 April 2023 109,904 - 1,718 111,622
Charge for year - 662 1,505 2,167
At 31 March 2024 109,904 662 3,223 113,789
NET BOOK VALUE
At 31 March 2024 - 1,987 2,797 4,784
At 31 March 2023 - - 3,906 3,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,649 3,257
Other debtors 2,760 1,199
7,409 4,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,018 5,324
Trade creditors 2,009 488
Taxation and social security 6,045 11,220
Other creditors 3,790 1,792
16,862 18,824

HUGE DESIGN LIMITED (REGISTERED NUMBER: 04996780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,184 10,553
Other creditors - 655
6,184 11,208