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REGISTERED NUMBER: 02268573 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MARGIN DESIGNS LIMITED

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARGIN DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr M T Gin





REGISTERED OFFICE: 52 Chipstead Lane
Lower Kingswood
Tadworth
Surrey
KT20 6RE





REGISTERED NUMBER: 02268573 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,232,983 1,373,212
Investments 5 100 100
1,233,083 1,373,312

CURRENT ASSETS
Inventories 18,641 18,641
Debtors 6 15,131 22,939
Cash at bank 121,169 61,796
154,941 103,376
CREDITORS
Amounts falling due within one year 7 260,979 240,953
NET CURRENT LIABILITIES (106,038 ) (137,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,045

1,235,735

CREDITORS
Amounts falling due after more than one
year

8

(320,115

)

(411,760

)

PROVISIONS FOR LIABILITIES 10 (22,559 ) (16,616 )
NET ASSETS 784,371 807,359

CAPITAL AND RESERVES
Called up share capital 11 150 150
Undistributable reserve 634,640 667,458
Retained earnings 149,581 139,751
SHAREHOLDERS' FUNDS 784,371 807,359

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr M T Gin - Director


MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Margin Designs 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.

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
Turnover represents net invoices sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 5 years
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Long Plant and
property leasehold machinery
£    £    £   
Cost or valuation
At 1 July 2023 10,000 1,357,000 7,767
Additions - - 1,374
Disposals - (140,000 ) -
At 30 June 2024 10,000 1,217,000 9,141
Depreciation
At 1 July 2023 - - 7,605
Charge for year - - 90
At 30 June 2024 - - 7,695
Net book value
At 30 June 2024 10,000 1,217,000 1,446
At 30 June 2023 10,000 1,357,000 162

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost or valuation
At 1 July 2023 10,029 37,992 1,422,788
Additions - - 1,374
Disposals - - (140,000 )
At 30 June 2024 10,029 37,992 1,284,162
Depreciation
At 1 July 2023 9,633 32,338 49,576
Charge for year 99 1,414 1,603
At 30 June 2024 9,732 33,752 51,179
Net book value
At 30 June 2024 297 4,240 1,232,983
At 30 June 2023 396 5,654 1,373,212

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 30 June 2024 is represented by:

Freehold Long Plant and
property leasehold machinery
£    £    £   
Valuation in 2021 - (108,000 ) -
Valuation in 2018 - 568,168 -
Valuation in 2017 - 73,728 -
Valuation in 2023 - 45,820 -
Cost 10,000 637,284 9,141
10,000 1,217,000 9,141

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2021 - - (108,000 )
Valuation in 2018 - - 568,168
Valuation in 2017 - - 73,728
Valuation in 2023 - - 45,820
Cost 10,029 37,992 704,446
10,029 37,992 1,284,162

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 July 2023
and 30 June 2024 100
Net book value
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,274 22,001
Other debtors 1,857 938
15,131 22,939

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 14,542 13,194
Trade creditors 10,557 43
Amounts owed to group undertakings 23,141 13,287
Taxation and social security 10,822 8,064
Other creditors 201,917 206,365
260,979 240,953

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 172,940 264,585
Other creditors 147,175 147,175
320,115 411,760

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 147,175 147,175

Repayable by instalments
Bank loans more 5 yr by instal 172,940 264,585

9. SECURED DEBTS

There are fixed and floating charges over the leasehold properties at Flats 12, 31 Century House, 245 Streatham High Road, London, 83 Jebb Avenue, London and 244A York Road, Battersea, London.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 22,559 16,616

Deferred
tax
£   
Balance at 1 July 2023 16,616
Provided during year 5,943
Balance at 30 June 2024 22,559

MARGIN DESIGNS LIMITED (REGISTERED NUMBER: 02268573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary £1 50 50
50 Ordinary A £1 50 50
50 Ordinary B & C £1 50 50
150 150