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REGISTERED NUMBER: 07861021 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DESIGN FILM DIGITAL SOLUTIONS LIMITED

DESIGN FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN FILM DIGITAL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S E Rose
J P B Barber





SECRETARY: J P B Barber





REGISTERED OFFICE: Solutions House
The Bothy
Albury Park
Guildford
Surrey
GU5 9BH





REGISTERED NUMBER: 07861021 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

DESIGN FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,288 18,338

CURRENT ASSETS
Stocks 50,496 50,496
Debtors 5 150,587 131,834
Cash at bank and in hand 7,631 8,511
208,714 190,841
CREDITORS
Amounts falling due within one year 6 161,349 141,441
NET CURRENT ASSETS 47,365 49,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,653

67,738

CREDITORS
Amounts falling due after more than one
year

7

(56,951

)

(89,568

)

PROVISIONS FOR LIABILITIES (3,484 ) (3,484 )
NET ASSETS/(LIABILITIES) 218 (25,314 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 217 (25,315 )
SHAREHOLDERS' FUNDS 218 (25,314 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)

BALANCE SHEET - continued
30 NOVEMBER 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 31 August 2024 and were signed on its behalf by:





J P B Barber - Director


DESIGN FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Design Film Digital Solutions 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

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.

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.

DESIGN FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 53,977 3,467 57,444
DEPRECIATION
At 1 December 2022 36,726 2,380 39,106
Charge for year 4,700 350 5,050
At 30 November 2023 41,426 2,730 44,156
NET BOOK VALUE
At 30 November 2023 12,551 737 13,288
At 30 November 2022 17,251 1,087 18,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,593 29,783
Other debtors 4,900 4,900
Directors' current accounts 44,022 93,079
Prepayments 4,072 4,072
150,587 131,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,054 3,947
Hire purchase contracts 2,386 2,796
Trade creditors 23,739 21,167
Tax 32,239 22,533
Social security and other taxes 13,905 6,890
VAT 72,252 76,334
Other creditors 3,605 3,605
Accrued expenses 4,169 4,169
161,349 141,441

DESIGN FILM DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07861021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,452 24,452
Bank loans - 2-5 years 32,499 65,116
56,951 89,568