Company registration number 06751132 (England and Wales)
FRESH DESIGN BASE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FRESH DESIGN BASE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FRESH DESIGN BASE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
168,766
168,766
Tangible assets
4
499
168,766
169,265
Current assets
Debtors
5
1,100
1,100
Cash at bank and in hand
28
1,100
1,128
Creditors: amounts falling due within one year
6
(99,733)
(100,129)
Net current liabilities
(98,633)
(99,001)
Net assets
70,133
70,264
Capital and reserves
Called up share capital
7,300
7,300
Share premium account
112,528
112,528
Profit and loss reserves
(49,695)
(49,564)
Total equity
70,133
70,264
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
FRESH DESIGN BASE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2024 and are signed on its behalf by:
T Barnard
Director
Company registration number 06751132 (England and Wales)
FRESH DESIGN BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of its creditors and directors. The directors have confirmed that this support will not be withdrawn for the foreseeable future, to allow the company to meet its liabilities as they fall. The directors therefore consider it appropriate that the financial statements are prepared on a going concern basis.true
1.3
Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Such deferred expenditure is then amortised over the period during which the company is expected to benefit.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Company information
Fresh Design Base Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10a Nursery Avenue, Hale, WA15 0JP.
FRESH DESIGN BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Development Costs
£
Cost
At 1 December 2022
168,766
At 30 November 2023
168,766
Amortisation and impairment
At 1 December 2022
At 30 November 2023
Carrying amount
At 30 November 2023
168,766
At 30 November 2022
168,766
Capitalised development costs relate to a specific project utilising technical knowledge to enhance the company's product range. Associated costs are capitalised and are to be written off over the products commercial life, commencing in the year of production.
FRESH DESIGN BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
6,003
Disposals
(6,003)
At 30 November 2023
Depreciation and impairment
At 1 December 2022
5,504
Eliminated in respect of disposals
(5,504)
At 30 November 2023
Carrying amount
At 30 November 2023
At 30 November 2022
499
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,100
1,100
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
90,000
90,000
Other creditors
9,733
10,129
99,733
100,129
7
Financial commitments, guarantees and contingent liabilities
The directors are not aware of any contingent liabilities.
FRESH DESIGN BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
8
Events after the reporting date
There have been no significant post balance sheet events.