Registered number
04308161
Integral Design Limited
Filleted Accounts
31 March 2024
Integral Design Limited
Registered number: 04308161
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,624 5,121
Current assets
Debtors 4 58,818 21,014
Cash at bank and in hand 140,372 164,432
199,190 185,446
Creditors: amounts falling due within one year 5 (51,921) (42,222)
Net current assets 147,269 143,224
Total assets less current liabilities 155,893 148,345
Creditors: amounts falling due after more than one year 6 (16,523) (26,629)
Provisions for liabilities (2,155) (1,281)
Net assets 137,215 120,435
Capital and reserves
Called up share capital 100 100
Profit and loss account 137,115 120,335
Shareholders' funds 137,215 120,435
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Gould
Director
Approved by the board on 23 October 2024
Integral Design Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the from the rendering of marketing consultancy and design services. Turnover from the rendering of services is recognised by reference to the stage of completion of the project. The stage of completion of a project is measured by comparing the time spent on work performed to date to the total estimated time to complete the project.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25%, 33% & 50% Straight line
Fixtures, fittings, tools and equipment 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Furniture & fittings Total
£ £ £
Cost
At 1 April 2023 14,406 1,938 16,344
Additions 4,711 - 4,711
At 31 March 2024 19,117 1,938 21,055
Depreciation
At 1 April 2023 9,290 1,933 11,223
Charge for the year 1,208 - 1,208
At 31 March 2024 10,498 1,933 12,431
Net book value
At 31 March 2024 8,619 5 8,624
At 31 March 2023 5,116 5 5,121
4 Debtors 2024 2023
£ £
Trade debtors 56,310 19,977
Other debtors 2,508 1,037
58,818 21,014
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 10,106 9,851
Trade creditors 9,103 1,859
Taxation and social security costs 31,040 29,140
Other creditors 1,672 1,372
51,921 42,222
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 16,523 26,629
7 Controlling party
The ultimate controlling party is Mr M Gould, the director of the company.
8 Other information
Integral Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
239 Old Street
London
EC1V 9EY
Registered No. 04308161
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