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REGISTERED NUMBER: 04168514 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Design At Source Limited

Design At Source Limited (Registered number: 04168514)






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


Design At Source Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A G Bishop
S E Trett





SECRETARY: A G Bishop





REGISTERED OFFICE: Unit 3B1 Herbery Courtyard
Blackminster Business Park
Blackminster
Evesham
Worcestershire
WR11 7RE





REGISTERED NUMBER: 04168514 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
90-92 High Street
Evesham
Worcestershire
WR11 4EU

Design At Source Limited (Registered number: 04168514)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,203 7,959

CURRENT ASSETS
Stocks 150,000 20,000
Debtors 5 175,146 106,052
Cash at bank 957,381 956,111
1,282,527 1,082,163
CREDITORS
Amounts falling due within one year 6 179,911 209,637
NET CURRENT ASSETS 1,102,616 872,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,146,819

880,485

PROVISIONS FOR LIABILITIES 11,096 1,990
NET ASSETS 1,135,723 878,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,135,623 878,395
1,135,723 878,495

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 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 At Source Limited (Registered number: 04168514)

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




A G Bishop - Director



S E Trett - Director


Design At Source Limited (Registered number: 04168514)

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

1. STATUTORY INFORMATION

Design At Source 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 each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on cost

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

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.

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 2 (2022 - 2 ) .

Design At Source Limited (Registered number: 04168514)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,026 19,203 21,229
Additions 12,305 32,789 45,094
Disposals - (11,823 ) (11,823 )
At 31 December 2023 14,331 40,169 54,500
DEPRECIATION
At 1 January 2023 735 12,535 13,270
Charge for year 1,838 6,831 8,669
Eliminated on disposal - (11,642 ) (11,642 )
At 31 December 2023 2,573 7,724 10,297
NET BOOK VALUE
At 31 December 2023 11,758 32,445 44,203
At 31 December 2022 1,291 6,668 7,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 160,681 99,639
Other debtors 1,000 -
Prepayments 13,465 6,413
175,146 106,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 89 168
Taxation 111,176 112,039
Social security and other taxes 2,223 1,570
VAT 35,934 45,900
Pensions 255 217
Directors' current accounts 28,634 48,148
Accrued expenses 1,600 1,595
179,911 209,637