Dunk Design Limited 07959603 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is graphic design consultancy. Digita Accounts Production Advanced 6.30.9574.0 true false 07959603 2023-04-01 2024-03-31 07959603 2024-03-31 07959603 core:CurrentFinancialInstruments 2024-03-31 07959603 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07959603 core:Non-currentFinancialInstruments 2024-03-31 07959603 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07959603 core:Goodwill 2024-03-31 07959603 core:FurnitureFittingsToolsEquipment 2024-03-31 07959603 1 2024-03-31 07959603 bus:SmallEntities 2023-04-01 2024-03-31 07959603 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07959603 bus:FilletedAccounts 2023-04-01 2024-03-31 07959603 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07959603 bus:RegisteredOffice 2023-04-01 2024-03-31 07959603 bus:CompanySecretary1 2023-04-01 2024-03-31 07959603 bus:Director1 2023-04-01 2024-03-31 07959603 bus:Consolidated 1 2023-04-01 2024-03-31 07959603 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07959603 core:Goodwill 2023-04-01 2024-03-31 07959603 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07959603 core:OfficeEquipment 2023-04-01 2024-03-31 07959603 countries:EnglandWales 2023-04-01 2024-03-31 07959603 1 2023-04-01 2024-03-31 07959603 2023-03-31 07959603 core:Goodwill 2023-03-31 07959603 core:FurnitureFittingsToolsEquipment 2023-03-31 07959603 1 2023-03-31 07959603 2022-04-01 2023-03-31 07959603 2023-03-31 07959603 core:CurrentFinancialInstruments 2023-03-31 07959603 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07959603 core:Non-currentFinancialInstruments 2023-03-31 07959603 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07959603 core:FurnitureFittingsToolsEquipment 2023-03-31 07959603 1 2023-03-31 07959603 1 2022-04-01 2023-03-31 07959603 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07959603

Dunk Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Dunk Design Limited

Contents
for the Year Ended 31 March 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Dunk Design Limited

Company Information
for the Year Ended 31 March 2024

Director

D J Gordon

Company secretary

L Hammans

Registered office

Coach House
Madeira Walk
Windsor
Berkshire
SL4 1EU

Registered number

07959603 ( England and Wales )

Accountants

Windsor Accountancy Ltd
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Dunk Design Limited

(Registration number: 07959603)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,542

3,325

Current assets

 

Stocks

6

1,826

238

Debtors

7

311,185

300,288

Cash at bank and in hand

 

16,480

41,402

 

329,491

341,928

Creditors: Amounts falling due within one year

8

(63,474)

(62,023)

Net current assets

 

266,017

279,905

Total assets less current liabilities

 

268,559

283,230

Creditors: Amounts falling due after more than one year

8

(8,460)

(12,365)

Provisions for liabilities

(158)

(248)

Net assets

 

259,941

270,617

Capital and reserves

 

Called up share capital

100

100

Retained earnings

259,841

270,517

Shareholders' funds

 

259,941

270,617

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 November 2024
 

 

Dunk Design Limited

(Registration number: 07959603)
Balance Sheet as at 31 March 2024

.........................................
D J Gordon
Director

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Coach House
Madeira Walk
Windsor
Berkshire
SL4 1EU

These financial statements were authorised for issue by the director on 5 November 2024.

2

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 United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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

Fixtures & Fittings

25% on cost

Computer Equipment

33% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Amounts classified as receivable within one year are not amortised.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Amounts classified as payable within one year are not amortised.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

9,000

9,000

At 31 March 2024

9,000

9,000

Amortisation

At 1 April 2023

9,000

9,000

At 31 March 2024

9,000

9,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

40,176

40,176

Additions

792

792

At 31 March 2024

40,968

40,968

Depreciation

At 1 April 2023

36,851

36,851

Charge for the year

1,575

1,575

At 31 March 2024

38,426

38,426

Carrying amount

At 31 March 2024

2,542

2,542

At 31 March 2023

3,325

3,325

6

Stocks

2024
£

2023
£

Work in progress

1,826

238

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

47,983

39,268

Amounts owed by related parties

10

262,039

257,631

Prepayments

 

1,163

389

Other debtors

 

-

3,000

   

311,185

300,288

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

14,865

16,808

Trade creditors

 

8,467

20,874

Taxation and social security

 

35,694

19,059

Accruals and deferred income

 

3,200

3,213

Other creditors

 

1,248

2,069

 

63,474

62,023

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,460

12,365

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,460

12,365

 

Dunk Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,460

12,365

Bank overdrafts

6,405

4,443

14,865

16,808

10

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Advances and credits

(850)

420

(430)

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Advances and credits

(940)

180

(90)

(850)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand. 

11

Parent and ultimate parent undertaking

Dunk Design Limited is a wholly owned subsidiary of The Windsor House Limited.

The Windsor House Limited is incorporated in England and Wales and is registered to the following address:

The Coach House
Madeira Walk
Windsor
Berkshire
SL4 1EU