Registration number:
Dartington Service Design Lab Limited
for the Year Ended 31 March 2024
Dartington Service Design Lab Limited
Contents
Statement of Financial Position |
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Notes to the Financial Statements |
Dartington Service Design Lab Limited
(Registration number: 12613600)
Statement of Financial Position as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
(156,258) |
53,324 |
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Shareholders' (deficit)/funds |
(156,257) |
53,325 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.
Approved and authorised by the
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Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England and Wales
Principal activity
The principal activity of the company is Research and experimental development on social sciences and humanities
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (as applicable to companies subject to the small companies' regime).
Basis of preparation
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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Services contracts are recognised based on the stage of completion, which is measured by the amount of staff hours put against the contract.
Grants, donations and investment income are recognised when receivable,where such amounts have terms or conditions which must be met for specific activities, the relevant income is not recognised in the year but deferred and shown on the balance sheet within current liabilities.
Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
Audit report
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Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Fixed assets held at cost but are only capitalised when the value exceeds £1,000. The company applies a short life policy of 3 years straight line.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & Machinery |
33% at cost |
Taxation
Taxation for the year comprises current. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rated 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 between taxable profits and profits reported in the financial statements.
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 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.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Loss/profit before tax |
Arrived at after charging/(crediting)
2024 |
2023 |
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Depreciation expense |
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Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Tangible assets |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 April 2023 |
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Additions |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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- |
Prepayments |
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Accrued income |
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Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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- |
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Secured debts |
The following secured debts are included within creditors:
2024 |
2023 |
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£ |
£ |
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Warren House Group Dartington |
671,572 |
543,038 |
Loans are secured by a fixed and floating charge over the company's assets.
Related party transactions |
Sales were made to Warren House Group at Dartington totalling £318,495 (2023 - £258,153), in respect of service contracts undertaken. Expenses totalling £125,247 (2023 - £245,006) were cross charged from Warren House Group at Dartington for shared office costs and management time, a closing debtor of £nil (2023 - £189,165) and a closing creditor is owed to Warren House Group at Dartington at the year-end of £817,473 (2023 - £687,661). The loan from Warren House Group at Dartington is secured and interest is charged at 3% above base, interest was payable in the year of £39,778 on this loan. In addition, a donation was made of £53,324 to Warren House at Dartington during the year.
Dartington Service Design Lab Limited
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Parent and ultimate parent undertaking |
The parent of the largest group in which these financial statements are consolidated is
The address of Warren House Group At Dartington is: