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REGISTERED NUMBER: 05246229 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

David Lund Design & Advertising Limited

David Lund Design & Advertising Limited (Registered number: 05246229)

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


David Lund Design & Advertising Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Lund





REGISTERED OFFICE: Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 05246229 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

David Lund Design & Advertising Limited (Registered number: 05246229)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,537 10,742
5,537 10,742

CURRENT ASSETS
Debtors 6 17,426 17,437
Cash at bank 447 5,480
17,873 22,917
CREDITORS
Amounts falling due within one year 7 36,867 35,150
NET CURRENT LIABILITIES (18,994 ) (12,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,457

)

(1,491

)

PROVISIONS FOR LIABILITIES - 2,004
NET LIABILITIES (13,457 ) (3,495 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,557 ) (3,595 )
(13,457 ) (3,495 )

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 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.

David Lund Design & Advertising Limited (Registered number: 05246229)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





D Lund - Director


David Lund Design & Advertising Limited (Registered number: 05246229)

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


1. STATUTORY INFORMATION

David Lund Design & Advertising 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the group's activities as described below.
The company provides photography and design services to other organisations and people, these services are provided on a time and material basis or as a fixed price contract.

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 etc - 25% on cost and 20% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.


David Lund Design & Advertising Limited (Registered number: 05246229)

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,500
AMORTISATION
At 1 January 2023
and 31 December 2023 1,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

David Lund Design & Advertising Limited (Registered number: 05246229)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 244,059
DEPRECIATION
At 1 January 2023 233,317
Charge for year 5,205
At 31 December 2023 238,522
NET BOOK VALUE
At 31 December 2023 5,537
At 31 December 2022 10,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,322 17,322
Other debtors 104 115
17,426 17,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 911 3,088
Taxation and social security 17,249 17,582
Other creditors 18,707 14,480
36,867 35,150