Names4Design Ltd 04372485 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of IT services Digita Accounts Production Advanced 6.30.9574.0 true 04372485 2023-03-01 2024-02-29 04372485 2024-02-29 04372485 core:RetainedEarningsAccumulatedLosses 2024-02-29 04372485 core:ShareCapital 2024-02-29 04372485 core:CurrentFinancialInstruments 2024-02-29 04372485 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 04372485 bus:SmallEntities 2023-03-01 2024-02-29 04372485 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04372485 bus:FullAccounts 2023-03-01 2024-02-29 04372485 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04372485 bus:RegisteredOffice 2023-03-01 2024-02-29 04372485 bus:Director1 2023-03-01 2024-02-29 04372485 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04372485 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 04372485 core:ShareCapital 2023-03-01 2024-02-29 04372485 core:PlantMachinery 2023-03-01 2024-02-29 04372485 countries:AllCountries 2023-03-01 2024-02-29 04372485 2023-02-28 04372485 core:RetainedEarningsAccumulatedLosses 2023-02-28 04372485 core:ShareCapital 2023-02-28 04372485 2022-03-01 2023-02-28 04372485 2023-02-28 04372485 core:CurrentFinancialInstruments 2023-02-28 04372485 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04372485 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 04372485 core:ShareCapital 2022-03-01 2023-02-28 04372485 2022-02-28 04372485 core:RetainedEarningsAccumulatedLosses 2022-02-28 04372485 core:ShareCapital 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 04372485

Names4Design Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Names4Design Ltd

Contents

Company Information

1

Profit and Loss Account

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 7

 

Names4Design Ltd

Company Information

Director

Ruth Rae

Registered office

18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

Accountants

Gibbs & Co Chartered Accountants
18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

 

Names4Design Ltd

Profit and Loss Account for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

 

-

-

Cost of sales

 

(500)

(455)

Gross loss

 

(500)

(455)

Administrative expenses

 

(212)

(214)

Operating loss

 

(712)

(669)

Loss before tax

(712)

(669)

Tax on loss

 

(244)

(444)

Loss for the financial year

 

(956)

(1,113)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Names4Design Ltd

Statement of Comprehensive Income for the Year Ended 29 February 2024

2024
£

2023
£

Loss for the year

(956)

(1,113)

Total comprehensive income for the year

(956)

(1,113)

 

Names4Design Ltd

(Registration number: 04372485)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

13

17

Current assets

 

Debtors

2,849

2,849

Cash at bank and in hand

 

49

49

 

2,898

2,898

Creditors: Amounts falling due within one year

(13,831)

(12,879)

Net current liabilities

 

(10,933)

(9,981)

Total assets less current liabilities

 

(10,920)

(9,964)

Provisions for liabilities

(10)

(10)

Net liabilities

 

(10,930)

(9,974)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(10,932)

(9,976)

Shareholders' deficit

 

(10,930)

(9,974)

For the financial year ending 29 February 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 her 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.

Approved and authorised by the director on 23 November 2024
 

.........................................
Ruth Rae
Director

 

Names4Design Ltd

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 March 2023

2

(9,976)

(9,974)

Loss for the year

-

(956)

(956)

Total comprehensive income

-

(956)

(956)

At 29 February 2024

2

(10,932)

(10,930)

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

2

(8,863)

(8,861)

Loss for the year

-

(1,113)

(1,113)

At 28 February 2023

2

(9,976)

(9,974)

 

Names4Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

The principal place of business is:
Grove House
Bere Alston
Yelverton
Devon
PL20 7DL

These financial statements were authorised for issue by the director on 23 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.

Tax

The tax expense for the period comprises current 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.

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.

 

Names4Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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

Plant & machinery

25% reducing balance

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.

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).