IRIS Accounts Production v24.2.0.383 10253468 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102534682023-06-30102534682024-06-30102534682023-07-012024-06-30102534682022-06-30102534682022-07-012023-06-30102534682023-06-3010253468ns15:EnglandWales2023-07-012024-06-3010253468ns14:PoundSterling2023-07-012024-06-3010253468ns10:Director12023-07-012024-06-3010253468ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010253468ns10:SmallEntities2023-07-012024-06-3010253468ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010253468ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010253468ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010253468ns10:FullAccounts2023-07-012024-06-3010253468ns10:RegisteredOffice2023-07-012024-06-3010253468ns5:CurrentFinancialInstruments2024-06-3010253468ns5:CurrentFinancialInstruments2023-06-3010253468ns5:ShareCapital2024-06-3010253468ns5:ShareCapital2023-06-3010253468ns5:RetainedEarningsAccumulatedLosses2024-06-3010253468ns5:RetainedEarningsAccumulatedLosses2023-06-3010253468ns5:FurnitureFittings2023-07-012024-06-3010253468ns5:MotorVehicles2023-07-012024-06-3010253468ns5:ComputerEquipment2023-07-012024-06-3010253468ns5:FurnitureFittings2023-06-3010253468ns5:MotorVehicles2023-06-3010253468ns5:ComputerEquipment2023-06-3010253468ns5:FurnitureFittings2024-06-3010253468ns5:MotorVehicles2024-06-3010253468ns5:ComputerEquipment2024-06-3010253468ns5:FurnitureFittings2023-06-3010253468ns5:MotorVehicles2023-06-3010253468ns5:ComputerEquipment2023-06-3010253468ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3010253468ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30102534681ns10:Director12023-06-30102534681ns10:Director12022-06-30102534681ns10:Director12023-07-012024-06-30102534681ns10:Director12022-07-012023-06-30102534681ns10:Director12024-06-30102534681ns10:Director12023-06-30
REGISTERED NUMBER: 10253468 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Don't Panic Design Ltd

Don't Panic Design Ltd (Registered number: 10253468)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Don't Panic Design Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S A Lawrence





REGISTERED OFFICE: 11 Simplemarsh Court
Simplemarsh Road
Addlestone
Surrey
KT15 1QF





REGISTERED NUMBER: 10253468 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Don't Panic Design Ltd (Registered number: 10253468)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,621 23,676

CURRENT ASSETS
Debtors 5 10,042 6,780
Cash at bank 92,550 67,008
102,592 73,788
CREDITORS
Amounts falling due within one year 6 (29,946 ) (23,053 )
NET CURRENT ASSETS 72,646 50,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,267

74,411

PROVISIONS FOR LIABILITIES (3,158 ) (4,498 )
NET ASSETS 86,109 69,913

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 86,108 69,912
SHAREHOLDERS' FUNDS 86,109 69,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 27 August 2024 and were signed by:





S A Lawrence - Director


Don't Panic Design Ltd (Registered number: 10253468)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Don't Panic Design Ltd 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 (£).


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.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and as part of creditors due within one year.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.3% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the Income Statement in the period to which they relate.

Don't Panic Design Ltd (Registered number: 10253468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 1,211 21,490 8,741 31,442
DEPRECIATION
At 1 July 2023 341 1,281 6,144 7,766
Charge for year 242 5,372 1,441 7,055
At 30 June 2024 583 6,653 7,585 14,821
NET BOOK VALUE
At 30 June 2024 628 14,837 1,156 16,621
At 30 June 2023 870 20,209 2,597 23,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,580 6,780
Prepayments 1,462 -
10,042 6,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 80 59
Tax 10,861 2,597
VAT 8,597 3,840
Other creditors 112 112
Director's loan account 6,926 4,581
Accruals and deferred income 3,370 11,864
29,946 23,053

Don't Panic Design Ltd (Registered number: 10253468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S A Lawrence
Balance outstanding at start of year (4,581 ) (2,779 )
Amounts advanced 22,206 24,943
Amounts repaid (24,551 ) (26,745 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,926 ) (4,581 )

The above loan is unsecured, interest free and repayable on demand.