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REGISTERED NUMBER: 04088330 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D B Designs Southern Limited

D B Designs Southern Limited (Registered number: 04088330)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D B Designs Southern Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S E Bisping
D R W Bisping





SECRETARY: S E Bisping





REGISTERED OFFICE: 51 Bridge Street
Leatherhead
KT22 8BN





REGISTERED NUMBER: 04088330 (England and Wales)





ACCOUNTANTS: AccountLets
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP

D B Designs Southern Limited (Registered number: 04088330)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,536 163,877

CURRENT ASSETS
Stocks 24,000 34,100
Debtors 5 108,900 97,037
Cash at bank and in hand 227,572 184,965
360,472 316,102
CREDITORS
Amounts falling due within one year 6 164,029 102,492
NET CURRENT ASSETS 196,443 213,610
TOTAL ASSETS LESS CURRENT LIABILITIES 348,979 377,487

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 348,977 377,485
348,979 377,487

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 19 September 2024 and were signed on its behalf by:





D R W Bisping - Director


D B Designs Southern Limited (Registered number: 04088330)

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

1. STATUTORY INFORMATION

D B Designs Southern 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% Straight line
Motor vehicles - 25% Straight line
Furniture, fittings and equipment - 25% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

D B Designs Southern Limited (Registered number: 04088330)

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

2. ACCOUNTING POLICIES - continued

Notes to the accounts
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using
the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the
nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate
of exchange on the date the transaction occurred. Monetary items denominated in other currencies are
translated at the rate prevailing at the end of the reporting period.All differences are taken to the profit
and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not
retranslated.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit
and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent
to initial recognition, any changes in fair value are recognised in profit and loss.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are
classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which
case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting
policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

D B Designs Southern Limited (Registered number: 04088330)

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

2. ACCOUNTING POLICIES - continued

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense
on a straight-line basis.

Provisions

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 profit and loss account in the year that the Company
becomes aware of the obligation, and are measured at the best estimate at 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 the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 372,834
Additions 153,676
Disposals (193,520 )
At 31 March 2024 332,990
DEPRECIATION
At 1 April 2023 208,957
Charge for year 79,707
Eliminated on disposal (108,210 )
At 31 March 2024 180,454
NET BOOK VALUE
At 31 March 2024 152,536
At 31 March 2023 163,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 108,900 92,286
Other debtors - 4,751
108,900 97,037

D B Designs Southern Limited (Registered number: 04088330)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 28,497 77,636
Taxation and social security 56,346 23,281
Other creditors 79,186 1,575
164,029 102,492