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REGISTERED NUMBER: 03859547 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DESIGN SOLUTION LIMITED

DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN SOLUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S J Barber
Miss K E J Sinclair
O Sale
K Brown





SECRETARY: S J Barber





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 03859547 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 3HD

DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,922 13,991
13,922 13,991

CURRENT ASSETS
Debtors 6 4,851 11,748
Investments 7 549,409 602,204
Cash at bank 52,107 69,466
606,367 683,418
CREDITORS
Amounts falling due within one year 8 (11,877 ) (43,176 )
NET CURRENT ASSETS 594,490 640,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

608,412

654,233

PROVISIONS FOR LIABILITIES (2,645 ) (2,659 )
NET ASSETS 605,767 651,574

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 605,467 651,274
SHAREHOLDERS' FUNDS 605,767 651,574

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

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

DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)

BALANCE SHEET - continued
31 JANUARY 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 23 October 2024 and were signed on its behalf by:





S J Barber - Director


DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Design Solution 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 7,500
AMORTISATION
At 1 February 2023
and 31 January 2024 7,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 100,787
Additions 2,650
At 31 January 2024 103,437
DEPRECIATION
At 1 February 2023 86,796
Charge for year 2,719
At 31 January 2024 89,515
NET BOOK VALUE
At 31 January 2024 13,922
At 31 January 2023 13,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,851 9,503
Other debtors - 2,245
4,851 11,748

7. CURRENT ASSET INVESTMENTS

The company holds an investment portfolio under the management of Hargreaves Lansdown (HLAM).

The market value of this investment as at the 31 January 2024 was £701,860 [2023 - £722,315).

DESIGN SOLUTION LIMITED (REGISTERED NUMBER: 03859547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 2,503 6,335
Taxation and social security 6,264 9,770
Other creditors 3,110 27,071
11,877 43,176

9. ULTIMATE CONTROLLING PARTY

The controlling party is S J Barber.

The ultimate controlling party is S J Barber.

The company was under the control of the director Mr S J Barber has majority holder of the share capital of the company throughout the year.

The company also operates a loan account with the directors and as at the 31 January 2024 the balance was correctly stated at £299..