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REGISTERED NUMBER: 08897669 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Designs22U Ltd

Designs22U Ltd (Registered number: 08897669)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Designs22U Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs S Knowles





REGISTERED OFFICE: 14 Ling Drive
Bracken Park
Gainsborough
Lincolnshire
DN21 1GT





REGISTERED NUMBER: 08897669 (England and Wales)






Designs22U Ltd (Registered number: 08897669)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,129 7,839

CURRENT ASSETS
Stocks 150 150
Cash at bank 1,228 3,446
1,378 3,596
CREDITORS
Amounts falling due within one year 5 1,112 2,368
NET CURRENT ASSETS 266 1,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,395

9,067

PROVISIONS FOR LIABILITIES 1,544 1,489
NET ASSETS 6,851 7,578

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,850 7,577
SHAREHOLDERS' FUNDS 6,851 7,578

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 her 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 director and authorised for issue on 28 August 2024 and were signed by:




Mrs S Knowles - Director


Designs22U Ltd (Registered number: 08897669)

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

1. STATUTORY INFORMATION

Designs22U Ltd 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

Turnover
Turnover represents the amounts received for sales of giftware. The company is not registered for 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.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Designs22U Ltd (Registered number: 08897669)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 30,898
Additions 2,999
At 31 March 2024 33,897
DEPRECIATION
At 1 April 2023 23,059
Charge for year 2,709
At 31 March 2024 25,768
NET BOOK VALUE
At 31 March 2024 8,129
At 31 March 2023 7,839

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 842 2,108
Directors' current accounts 21 11
Accrued expenses 249 249
1,112 2,368

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Knowles.

At the year end the company owed the director £21, (2023, £11).