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Company Registration No. 06265778 (England and Wales)
October Design Limited Unaudited accounts for the year ended 30 June 2024
October Design Limited Unaudited accounts Contents
Page
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October Design Limited Company Information for the year ended 30 June 2024
Directors
J Eden A Camp
Company Number
06265778 (England and Wales)
Registered Office
91 GURNEY COURT ROAD ST. ALBANS HERTFORDSHIRE AL1 4QX
Accountants
EDF Accountancy 78 Brocket Road Welwyn Garden City Hertfordshire AL8 7TU
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October Design Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,084 
1,944 
Current assets
Debtors
2,341 
4,703 
Cash at bank and in hand
5,026 
4,709 
7,367 
9,412 
Creditors: amounts falling due within one year
(5,987)
(3,891)
Net current assets
1,380 
5,521 
Total assets less current liabilities
5,464 
7,465 
Provisions for liabilities
Deferred tax
(776)
(369)
Net assets
4,688 
7,096 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
4,684 
7,092 
Shareholders' funds
4,688 
7,096 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
J Eden Director Company Registration No. 06265778
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October Design Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
October Design Limited is a private company, limited by shares, registered in England and Wales, registration number 06265778. The registered office is 91 GURNEY COURT ROAD, ST. ALBANS, HERTFORDSHIRE, AL1 4QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost and 25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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October Design Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
7,949 
Additions
3,939 
At 30 June 2024
11,888 
Depreciation
At 1 July 2023
6,005 
Charge for the year
1,799 
At 30 June 2024
7,804 
Net book value
At 30 June 2024
4,084 
At 30 June 2023
1,944 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,226 
4,506 
Other debtors
115 
197 
2,341 
4,703 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,424 
2,283 
Taxes and social security
481 
- 
Loans from directors
2,582 
1,108 
Accruals
500 
500 
5,987 
3,891 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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