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REGISTERED NUMBER: 01082669 (England and Wales)















S & D P Design Services Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






S & D P Design Services Limited (Registered number: 01082669)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & D P Design Services Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: E Parry





SECRETARY: E Parry





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 01082669 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
One New Street
Wells
Somerset
BA5 2LA

S & D P Design Services Limited (Registered number: 01082669)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,361 133
Investment property 5 575,000 575,000
576,361 575,133

CURRENT ASSETS
Debtors 6 991 323
Cash at bank 42,510 52,253
43,501 52,576
CREDITORS
Amounts falling due within one year 7 9,721 9,351
NET CURRENT ASSETS 33,780 43,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,141

618,358

PROVISIONS FOR LIABILITIES 259 25
NET ASSETS 609,882 618,333

CAPITAL AND RESERVES
Called up share capital 8 27,500 27,500
Fair value reserve 328,295 328,295
Retained earnings 254,087 262,538
SHAREHOLDERS' FUNDS 609,882 618,333

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 her 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.

S & D P Design Services Limited (Registered number: 01082669)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





E Parry - Director


S & D P Design Services Limited (Registered number: 01082669)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

S & D P Design Services 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.

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 as modified by the revaluation of certain assets.

Turnover
Rental income from properties are recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

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 - 20% on cost
Fixtures and fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

S & D P Design Services Limited (Registered number: 01082669)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 44,844 3,035 47,879
Additions - 1,941 1,941
Disposals (4,869 ) (959 ) (5,828 )
At 30 June 2024 39,975 4,017 43,992
DEPRECIATION
At 1 July 2023 44,844 2,902 47,746
Charge for year - 713 713
Eliminated on disposal (4,869 ) (959 ) (5,828 )
At 30 June 2024 39,975 2,656 42,631
NET BOOK VALUE
At 30 June 2024 - 1,361 1,361
At 30 June 2023 - 133 133

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 575,000
NET BOOK VALUE
At 30 June 2024 575,000
At 30 June 2023 575,000

If investment properties had not been revalued they would have been included at the following historical cost £246,705 (2023 - £246,705).

Investment properties were valued on an open market basis on 30 June 2024 by the directors.

S & D P Design Services Limited (Registered number: 01082669)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 647 -
Other debtors 344 323
991 323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 423
Taxation and social security 2,617 3,745
Other creditors 7,104 5,183
9,721 9,351

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
24,099 Ordinary £1 24,099 24,099
3,400 Ordinary B £1 3,400 3,400
1 Ordinary C £1 1 1
27,500 27,500