0 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03065455 2023-08-01 2024-07-31 03065455 2024-07-31 03065455 2023-07-31 03065455 2022-08-01 2023-07-31 03065455 2023-07-31 03065455 2022-07-31 03065455 core:PlantMachinery 2023-08-01 2024-07-31 03065455 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 03065455 core:MotorVehicles 2023-08-01 2024-07-31 03065455 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03065455 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 03065455 bus:Director1 2023-08-01 2024-07-31 03065455 bus:Director2 2023-08-01 2024-07-31 03065455 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 03065455 core:PlantMachinery 2023-07-31 03065455 core:FurnitureFittingsToolsEquipment 2023-07-31 03065455 core:MotorVehicles 2023-07-31 03065455 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 03065455 core:PlantMachinery 2024-07-31 03065455 core:FurnitureFittingsToolsEquipment 2024-07-31 03065455 core:MotorVehicles 2024-07-31 03065455 core:DeferredTaxation 2023-08-01 2024-07-31 03065455 core:WithinOneYear 2024-07-31 03065455 core:WithinOneYear 2023-07-31 03065455 core:AfterOneYear 2024-07-31 03065455 core:AfterOneYear 2023-07-31 03065455 core:UKTax 2023-08-01 2024-07-31 03065455 core:UKTax 2022-08-01 2023-07-31 03065455 core:ShareCapital 2024-07-31 03065455 core:ShareCapital 2023-07-31 03065455 core:RetainedEarningsAccumulatedLosses 2024-07-31 03065455 core:RetainedEarningsAccumulatedLosses 2023-07-31 03065455 bus:OrdinaryShareClass1 core:ShareCapital 2024-07-31 03065455 bus:OrdinaryShareClass1 core:ShareCapital 2023-07-31 03065455 core:AcceleratedTaxDepreciationDeferredTax 2024-07-31 03065455 core:AcceleratedTaxDepreciationDeferredTax 2023-07-31 03065455 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 03065455 core:PlantMachinery 2023-07-31 03065455 core:FurnitureFittingsToolsEquipment 2023-07-31 03065455 core:MotorVehicles 2023-07-31 03065455 core:DeferredTaxation 2023-07-31 03065455 core:DeferredTaxation 2024-07-31 03065455 bus:SmallEntities 2023-08-01 2024-07-31 03065455 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03065455 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03065455 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03065455 bus:FullAccounts 2023-08-01 2024-07-31
Company registration number: 03065455
DAVID TRUNDLEY DESIGN SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 July 2024
DAVID TRUNDLEY DESIGN SERVICES LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
DAVID TRUNDLEY DESIGN SERVICES LIMITED
Directors report
Year ended 31 July 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2024.
Directors
The directors who served the company during the year were as follows:
Mr I P G Trundley
Mrs K E Trundley
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 November 2024 and signed on behalf of the board by:
Mr I P G Trundley
Director
DAVID TRUNDLEY DESIGN SERVICES LIMITED
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of David Trundley Design Services Limited
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of David Trundley Design Services Limited for the year ended 31 July 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of David Trundley Design Services Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of David Trundley Design Services Limited and state those matters that we have agreed to state to the board of directors of David Trundley Design Services Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than David Trundley Design Services Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that David Trundley Design Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Trundley Design Services Limited. You consider that David Trundley Design Services Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of David Trundley Design Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Robert Pola
Chartered Accountant
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
25 November 2024
DAVID TRUNDLEY DESIGN SERVICES LIMITED
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 249,186 193,045
_______ _______
249,186 193,045
Current assets
Debtors 6 423,179 200,226
Cash at bank and in hand 105,013 121,609
_______ _______
528,192 321,835
Creditors: amounts falling due
within one year 7 ( 324,284) ( 140,905)
_______ _______
Net current assets 203,908 180,930
_______ _______
Total assets less current liabilities 453,094 373,975
Creditors: amounts falling due
after more than one year 8 ( 33,249) ( 31,090)
Provisions for liabilities 9 ( 32,808) ( 29,299)
_______ _______
Net assets 387,037 313,586
_______ _______
Capital and reserves
Called up share capital 11 20,000 20,000
Profit and loss account 367,037 293,586
_______ _______
Shareholders funds 387,037 313,586
_______ _______
For the year ending 31 July 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 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 financial statements.
These 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr I P G Trundley
Director
Company registration number: 03065455
DAVID TRUNDLEY DESIGN SERVICES LIMITED
Notes to the financial statements
Year ended 31 July 2024
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Plant and machinery - 10 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
3. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 33,056 34,664
_______ _______
4. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 178,998 60,753
_______ _______
Deferred tax:
Origination and reversal of timing differences 3,509 6,112
_______ _______
Tax on profit 182,507 66,865
_______ _______
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 August 2023 31,335 51,925 183,390 144,296 410,946
Additions - 4,010 24,080 102,349 130,439
Disposals - - ( 7,343) ( 89,830) ( 97,173)
_______ _______ _______ _______ _______
At 31 July 2024 31,335 55,935 200,127 156,815 444,212
_______ _______ _______ _______ _______
Depreciation
At 1 August 2023 - 46,428 108,905 62,568 217,901
Charge for the year - 750 12,804 19,502 33,056
Disposals - - ( 6,103) ( 49,828) ( 55,931)
_______ _______ _______ _______ _______
At 31 July 2024 - 47,178 115,606 32,242 195,026
_______ _______ _______ _______ _______
Carrying amount
At 31 July 2024 31,335 8,757 84,521 124,573 249,186
_______ _______ _______ _______ _______
At 31 July 2023 31,335 5,497 74,485 81,728 193,045
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 388,867 157,611
Other debtors 34,312 42,615
_______ _______
423,179 200,226
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 38,829 12,206
Corporation tax 178,998 60,753
Social security and other taxes 73,338 43,715
Other creditors 33,119 24,231
_______ _______
324,284 140,905
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 33,249 31,090
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 August 2023 29,299 29,299
Additions 3,509 3,509
_______ _______
At 31 July 2024 32,808 32,808
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 9) 32,808 29,299
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 32,808 29,299
_______ _______
11. Called up share capital
Authorised share capital
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 20,000 20,000 20,000 20,000
_______ _______ _______ _______
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 20,000 20,000 20,000 20,000
_______ _______ _______ _______