Registered number
09347654
Designink Oxford Ltd
Unaudited Filleted Accounts
31 December 2023
Designink Oxford Ltd
Registered number: 09347654
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,149 1,951
Current assets
Cash at bank and in hand 3,927 5,159
Creditors: amounts falling due within one year 4 (5,792) (6,860)
Net current liabilities (1,865) (1,701)
Net assets 284 250
Capital and reserves
Called up share capital 1 1
Profit and loss account 283 249
Shareholder's funds 284 250
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. W Scott
Director
Approved by the board on 23 September 2024
Designink Oxford Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 6,814
Additions 916
At 31 December 2023 7,730
Depreciation
At 1 January 2023 4,863
Charge for the year 718
At 31 December 2023 5,581
Net book value
At 31 December 2023 2,149
At 31 December 2022 1,951
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 1,018 798
Other taxes and social security costs 408 1,181
Other creditors 4,366 4,881
5,792 6,860
5 Other information
Designink Oxford Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Botley
Oxfordshire
OX2 9SX
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