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REGISTERED NUMBER: 08165084 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dawson Design Associates Limited

Dawson Design Associates Limited (Registered number: 08165084)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dawson Design Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Sheehan
E Sheehan





REGISTERED OFFICE: 77 Farringdon Road
Spaces
England
EC1M 3JU





REGISTERED NUMBER: 08165084 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Dawson Design Associates Limited (Registered number: 08165084)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 12,903 11,881
Tangible assets 5 3,265 4,354
16,168 16,235

CURRENT ASSETS
Debtors 6 55,981 104,105
Cash at bank and in hand 152,057 342,550
208,038 446,655
CREDITORS
Amounts falling due within one year 7 (7,836 ) (22,095 )
NET CURRENT ASSETS 200,202 424,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,370

440,795

PROVISIONS FOR LIABILITIES 9 (3,023 ) (3,025 )
NET ASSETS 213,347 437,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 213,247 437,670
213,347 437,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Dawson Design Associates Limited (Registered number: 08165084)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





A Sheehan - Director


Dawson Design Associates Limited (Registered number: 08165084)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Dawson Design Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company was that of interior design.

2. ACCOUNTING POLICIES

ACCOUNTING CONVENTION
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 amounts receivable for goods and services net of VAT and trade discounts.

INTANGIBLE ASSETS
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Website development costs 10% SLM

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 & equipment25% Reducing Balance
Computer equipment25% 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 .

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

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.


Dawson Design Associates Limited (Registered number: 08165084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

PENSIONS
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

FOREIGN EXCHANGE
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Dawson Design Associates Limited (Registered number: 08165084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Website
Development
costs
£   
COST
At 1 January 2023 14,548
Additions 2,584
At 31 December 2023 17,132
AMORTISATION
At 1 January 2023 2,667
Amortisation for year 1,562
At 31 December 2023 4,229
NET BOOK VALUE
At 31 December 2023 12,903
At 31 December 2022 11,881

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 5,528 2,057 7,585
DEPRECIATION
At 1 January 2023 3,162 69 3,231
Charge for year 592 497 1,089
At 31 December 2023 3,754 566 4,320
NET BOOK VALUE
At 31 December 2023 1,774 1,491 3,265
At 31 December 2022 2,366 1,988 4,354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 501 33,228
Amounts owed by group undertakings 32,270 44,600
Other debtors 23,210 26,277
55,981 104,105

Dawson Design Associates Limited (Registered number: 08165084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The director considers the carrying value of trade and other receivables approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 839 812
Taxation and social security - 10,781
Other creditors 6,997 10,502
7,836 22,095

The director considers the carrying amounts of current liabilities approximate to their fair values.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 15,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,023 3,025

Deferred
tax
£   
Balance at 1 January 2023 3,025
Provided during year (2 )
Balance at 31 December 2023 3,023

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,232 (2022 - £2,696).

Contributions totalling £797 (2022 - £855) were payable to fund at the balance sheet date and are included in creditors.

Dawson Design Associates Limited (Registered number: 08165084)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Dawson Design Associates Inc.(US), during the current year, Dawson Design Associates Limited has made sales to Dawson Design Associates Inc.(US) £336,135 (2022 - £331,829).

At the balance sheet date, included in debtors is amount of £32,270 (2022 - £44,600) due from Dawson Design Associates Inc.(US).

At the balance sheet date, included in trade debtors is amount of £501 (2022 - £33,228) due from Dawson Design Associates Inc.(US).