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REGISTERED NUMBER: 03931531 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DESIGN FACILITY LIMITED

DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN FACILITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S K Dhanak
K A Dhanak





SECRETARY: A G Kagdadia B Sc ACA





REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR





REGISTERED NUMBER: 03931531 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,368 11,680

CURRENT ASSETS
Debtors 5 99,936 73,071
Cash at bank 36,674 80,538
136,610 153,609
CREDITORS
Amounts falling due within one year 6 38,628 32,335
NET CURRENT ASSETS 97,982 121,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,350

132,954

PROVISIONS FOR LIABILITIES 1,908 1,938
NET ASSETS 105,442 131,016

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 7 105,382 130,956
SHAREHOLDERS' FUNDS 105,442 131,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)

BALANCE SHEET - continued
31 DECEMBER 2023


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 22 August 2024 and were signed on its behalf by:




Mrs S K Dhanak - Director



K A Dhanak - Director


DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Design Facility 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

In light of the Covid-19 outbreak, the directors have assessed the company's viability, having regard to its current financial arrangements and the effect of the imposed lockdown and social distancing measures. Having made their assessments, the directors have reasonable expectation that the company will continue to trade and accordingly they consider the company to be a going concern and have prepared the accounts on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 44,357
Additions 810
At 31 December 2023 45,167
DEPRECIATION
At 1 January 2023 32,677
Charge for year 3,122
At 31 December 2023 35,799
NET BOOK VALUE
At 31 December 2023 9,368
At 31 December 2022 11,680

DESIGN FACILITY LIMITED (REGISTERED NUMBER: 03931531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 69,294 31,188
Other debtors 30,642 41,883
99,936 73,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 38,097 24,179
Other creditors 531 8,156
38,628 32,335

7. RESERVES
Retained
earnings
£   

At 1 January 2023 130,956
Profit for the year 49,926
Dividends (75,500 )
At 31 December 2023 105,382