2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08423633 2023-04-01 2024-03-31 08423633 2024-03-31 08423633 2023-03-31 08423633 2022-04-01 2023-03-31 08423633 2023-03-31 08423633 2022-03-31 08423633 core:PlantMachinery 2023-04-01 2024-03-31 08423633 bus:Director1 2023-04-01 2024-03-31 08423633 bus:Director2 2023-04-01 2024-03-31 08423633 core:WithinOneYear 2024-03-31 08423633 core:WithinOneYear 2023-03-31 08423633 core:ShareCapital 2024-03-31 08423633 core:ShareCapital 2023-03-31 08423633 core:RetainedEarningsAccumulatedLosses 2024-03-31 08423633 core:RetainedEarningsAccumulatedLosses 2023-03-31 08423633 core:BetweenOneFiveYears 2023-03-31 08423633 bus:SmallEntities 2023-04-01 2024-03-31 08423633 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08423633 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08423633 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08423633 bus:AbridgedAccounts 2023-04-01 2024-03-31 08423633 core:OfficeEquipment 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08423633
Design Input Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Design Input Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,697
5,712
Current assets
Debtors
9,451
11,409
Cash at bank and in hand
65,507
43,009
--------
--------
74,958
54,418
Creditors: amounts falling due within one year
18,493
13,489
--------
--------
Net current assets
56,465
40,929
--------
--------
Total assets less current liabilities
60,162
46,641
Provisions
Taxation including deferred tax
702
1,085
--------
--------
Net assets
59,460
45,556
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
59,458
45,554
--------
--------
Shareholders funds
59,460
45,556
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Design Input Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr A J Stainton
Mrs L Stainton
Director
Director
Company registration number: 08423633
Design Input Limited
Notes to the Abridged Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Booths Hall, Chelford Road, Knutsford, Cheshire, WA16 8GS, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
The turnover represents fees and recoverable expenses invoiced during the period, excluding Value Added Tax. Turnover is recognised when the unconditional right to the fee and its associated expenses is earned, on a strict time basis; fees are generally invoiced at the end of each month. Invoices issued at a later date for work carried out prior to the reporting date are shown within prepayments and accrued income.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
15% reducing balance
Office equipment
-
33% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 April 2023
17,783
Additions
862
Disposals
( 5,913)
--------
At 31 March 2024
12,732
--------
Depreciation
At 1 April 2023
12,071
Charge for the year
2,861
Disposals
( 5,897)
--------
At 31 March 2024
9,035
--------
Carrying amount
At 31 March 2024
3,697
--------
At 31 March 2023
5,712
--------
6. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
6,064
6,616
Later than 1 year and not later than 5 years
6,064
-------
--------
6,064
12,680
-------
--------