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REGISTERED NUMBER: 09407522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

138 Designs Limited

138 Designs Limited (Registered number: 09407522)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


138 Designs Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M L Jones





REGISTERED OFFICE: 6 Hawthorn Close
Murton
Seaham
Durham
SR7 9BY





REGISTERED NUMBER: 09407522 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

138 Designs Limited (Registered number: 09407522)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,295 4,580

CURRENT ASSETS
Debtors 5 203 69
Cash at bank 9,211 8,251
9,414 8,320
CREDITORS
Amounts falling due within one year 6 12,004 10,324
NET CURRENT LIABILITIES (2,590 ) (2,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

705

2,576

PROVISIONS FOR LIABILITIES 626 870
NET ASSETS 79 1,706

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 77 1,704
SHAREHOLDERS' FUNDS 79 1,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:




Mr M L Jones - Director


138 Designs Limited (Registered number: 09407522)

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

1. STATUTORY INFORMATION

138 Designs 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.

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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 1 (2023 - 1 ) .

138 Designs Limited (Registered number: 09407522)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 12,082
Additions 320
At 31 January 2024 12,402
DEPRECIATION
At 1 February 2023 7,502
Charge for year 1,605
At 31 January 2024 9,107
NET BOOK VALUE
At 31 January 2024 3,295
At 31 January 2023 4,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 203 69

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,966 8,385
Other creditors 1,038 1,939
12,004 10,324