Registered number
11055443
D&P Design Limited
Filleted Accounts
30 November 2023
D&P Design Limited
Registered number: 11055443
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,762 27,309
Current assets
Stocks and accrued revenue 35,808 32,189
Debtors 4 161,651 25,910
Cash at bank and in hand 183,469 130,994
380,928 189,093
Creditors: amounts falling due within one year 5 (182,750) (82,502)
Net current assets 198,178 106,591
Total assets less current liabilities 262,940 133,900
Creditors: amounts falling due after more than one year 6 (16,667) (26,666)
Provisions for liabilities (16,191) (5,189)
Net assets 230,082 102,045
Capital and reserves
Called up share capital 2 2
Profit and loss account 230,080 102,043
Shareholders' funds 230,082 102,045
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dariusz Kierul
Director
Approved by the board on 16 August 2024
D&P Design Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 25,200 36,587 61,787
Additions - 58,600 58,600
At 30 November 2023 25,200 95,187 120,387
Depreciation
At 1 December 2022 12,659 21,819 34,478
Charge for the year 5,040 16,107 21,147
At 30 November 2023 17,699 37,926 55,625
Net book value
At 30 November 2023 7,501 57,261 64,762
At 30 November 2022 12,541 14,768 27,309
4 Debtors 2023 2022
£ £
Trade debtors 161,651 25,910
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts - 1,737
Trade creditors 30,831 13,571
Taxation and social security costs 139,449 44,626
Other creditors 2,470 12,568
182,750 82,502
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,666
7 Other information
D&P Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
100 Hillside Gardens
Barnet
London
EN5 2NL
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