Company registration number 07856211 (England and Wales)
ALL SAINTS DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALL SAINTS DESIGN LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALL SAINTS DESIGN LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,106
2,580
Current assets
Debtors
5
37,490
40,250
Cash at bank and in hand
59
169
37,549
40,419
Creditors: amounts falling due within one year
6
(35,185)
(29,951)
Net current assets
2,364
10,468
Net assets
4,470
13,048
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,370
12,948
Total equity
4,470
13,048
The director of the company has 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 director acknowledges his 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.
The financial statements were approved by the board of directors and authorised for issue on 29 August 2024 and are signed on its behalf by:
Mr J M Taylor-Horne
Director
Company Registration No. 07856211
ALL SAINTS DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
All Saints Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.
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
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% per annum at cost
Fixtures, fittings & equipment
25% per annum at cost
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.
1.3
Taxation
The tax expenses represents the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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
ALL SAINTS DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
20,000
Amortisation and impairment
At 1 December 2022 and 30 November 2023
20,000
Carrying amount
At 30 November 2023
At 30 November 2022
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
10,095
Additions
350
At 30 November 2023
10,445
Depreciation and impairment
At 1 December 2022
7,515
Depreciation charged in the year
824
At 30 November 2023
8,339
Carrying amount
At 30 November 2023
2,106
At 30 November 2022
2,580
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
29,001
17,125
Other debtors
8,489
23,125
37,490
40,250
ALL SAINTS DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,368
882
Trade creditors
12,185
8,969
Taxation and social security
12,815
11,533
Other creditors
8,817
8,567
35,185
29,951
7
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr J Taylor-Horne
2.25
23,125
12,083
265
(26,984)
8,489
23,125
12,083
265
(26,984)
8,489
The loans to the directors were unsecured and repayable on demand