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REGISTERED NUMBER: 07548119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

OFFSITE DESIGN SOLUTIONS LTD

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OFFSITE DESIGN SOLUTIONS LTD

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr A W Davies
Mr D B Davies





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 07548119 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,072 15,694

CURRENT ASSETS
Debtors 5 22,845 39,933
Cash at bank 52,842 42,265
75,687 82,198
CREDITORS
Amounts falling due within one year 6 24,752 18,936
NET CURRENT ASSETS 50,935 63,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,007

78,956

CREDITORS
Amounts falling due after more than one
year

7

(23,020

)

-

PROVISIONS FOR LIABILITIES (11,224 ) (2,982 )
NET ASSETS 75,763 75,974

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 74,763 74,974
SHAREHOLDERS' FUNDS 75,763 75,974

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

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

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

Balance Sheet - continued
31st March 2024


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 1st July 2024 and were signed on its behalf by:





Mr A W Davies - Director


OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

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

1. STATUTORY INFORMATION

Offsite Design Solutions 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.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Cash at bank and in hand
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 1st April 2023 8,793 16,650 14,566 40,009
Additions 967 54,530 2,338 57,835
At 31st March 2024 9,760 71,180 16,904 97,844
DEPRECIATION
At 1st April 2023 3,831 7,285 13,199 24,315
Charge for year 1,323 11,430 1,704 14,457
At 31st March 2024 5,154 18,715 14,903 38,772
NET BOOK VALUE
At 31st March 2024 4,606 52,465 2,001 59,072
At 31st March 2023 4,962 9,365 1,367 15,694

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 54,530
At 31st March 2024 54,530
DEPRECIATION
Charge for year 9,088
At 31st March 2024 9,088
NET BOOK VALUE
At 31st March 2024 45,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,048 25,370
Other debtors 4,000 10,000
Tax 903 -
Prepayments 2,894 4,563
22,845 39,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 6,906 -
Trade creditors 116 116
Tax - 8,266
Social security and other taxes 379 456
VAT 10,867 5,520
Directors' current accounts 4,266 2,635
Accrued expenses 2,218 1,943
24,752 18,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 23,020 -

OFFSITE DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 07548119)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 6,906 -
Between one and five years 23,020 -
29,926 -

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year - 5,663

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 29,926 -

The hire purchase liability is secured against the asset to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £4,000 from D&B Design Works Ltd, a company in which Mr AW Davies is a director. No interest has been charged in respect of this loan and it is repayable on demand.

At the balance sheet date, the company owed £4,266 (2023: £2,635) to its directors. No interest has been charged in respect of this loan and it is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

During the current accounting period, the company has been controlled by Mr A W Davies, the director, by virtue of holding 80% of the issued ordinary share capital.