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REGISTERED NUMBER: 09038002 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

John Ormerod Design Limited

John Ormerod Design Limited (Registered number: 09038002)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Ormerod Design Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J Ormerod





REGISTERED OFFICE: 143 Devon Road
Luton
Bedfordshire
LU2 0RU





REGISTERED NUMBER: 09038002 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

John Ormerod Design Limited (Registered number: 09038002)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,241 1,861

CURRENT ASSETS
Stocks 17,000 11,000
Debtors 5 4,175 4,190
Cash at bank 33,156 26,140
54,331 41,330
CREDITORS
Amounts falling due within one year 6 26,861 23,917
NET CURRENT ASSETS 27,470 17,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,711

19,274

PROVISIONS FOR LIABILITIES 7 236 353
NET ASSETS 28,475 18,921

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 28,375 18,821
SHAREHOLDERS' FUNDS 28,475 18,921

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

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

John Ormerod Design Limited (Registered number: 09038002)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 4 September 2024 and were signed by:





J Ormerod - Director


John Ormerod Design Limited (Registered number: 09038002)

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

1. STATUTORY INFORMATION

John Ormerod Design 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 represents fees earned including VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

John Ormerod Design Limited (Registered number: 09038002)

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

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 5,409
DEPRECIATION
At 1 June 2023 3,548
Charge for year 620
At 31 May 2024 4,168
NET BOOK VALUE
At 31 May 2024 1,241
At 31 May 2023 1,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 4,175 4,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 7,526 4,581
Directors' current accounts 19,095 19,096
Accrued expenses 240 240
26,861 23,917

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 236 353

John Ormerod Design Limited (Registered number: 09038002)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 353
Credit to Income Statement during year (117 )
Balance at 31 May 2024 236

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 18,821
Profit for the year 31,554
Dividends (22,000 )
At 31 May 2024 28,375

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Ormerod.