Silverfin false false 30/11/2023 01/12/2022 30/11/2023 N Bailey-Lloyd 23/05/2012 29 November 2024 The principal activity of the Company during the financial year was design and installation of windows and doors. 08079960 2023-11-30 08079960 bus:Director1 2023-11-30 08079960 2022-11-30 08079960 core:CurrentFinancialInstruments 2023-11-30 08079960 core:CurrentFinancialInstruments 2022-11-30 08079960 core:Non-currentFinancialInstruments 2023-11-30 08079960 core:Non-currentFinancialInstruments 2022-11-30 08079960 core:ShareCapital 2023-11-30 08079960 core:ShareCapital 2022-11-30 08079960 core:RetainedEarningsAccumulatedLosses 2023-11-30 08079960 core:RetainedEarningsAccumulatedLosses 2022-11-30 08079960 core:FurnitureFittings 2022-11-30 08079960 core:OfficeEquipment 2022-11-30 08079960 core:FurnitureFittings 2023-11-30 08079960 core:OfficeEquipment 2023-11-30 08079960 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-11-30 08079960 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-11-30 08079960 2022-12-01 2023-11-30 08079960 bus:FilletedAccounts 2022-12-01 2023-11-30 08079960 bus:SmallEntities 2022-12-01 2023-11-30 08079960 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08079960 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08079960 bus:Director1 2022-12-01 2023-11-30 08079960 core:FurnitureFittings core:TopRangeValue 2022-12-01 2023-11-30 08079960 core:OfficeEquipment 2022-12-01 2023-11-30 08079960 2021-12-01 2022-11-30 08079960 core:FurnitureFittings 2022-12-01 2023-11-30 08079960 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 08079960 (England and Wales)

MY SIGNATURE DESIGN LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

MY SIGNATURE DESIGN LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

MY SIGNATURE DESIGN LTD

BALANCE SHEET

As at 30 November 2023
MY SIGNATURE DESIGN LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 591 1,037
591 1,037
Current assets
Stocks 4 0 10,000
Debtors 5 13,783 167
Cash at bank and in hand 493 618
14,276 10,785
Creditors: amounts falling due within one year 6 ( 150,299) ( 101,507)
Net current liabilities (136,023) (90,722)
Total assets less current liabilities (135,432) (89,685)
Creditors: amounts falling due after more than one year 7 ( 40,829) ( 39,993)
Net liabilities ( 176,261) ( 129,678)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 176,361 ) ( 129,778 )
Total shareholder's deficit ( 176,261) ( 129,678)

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of My Signature Design Ltd (registered number: 08079960) were approved and authorised for issue by the Director on 29 November 2024. They were signed on its behalf by:

N Bailey-Lloyd
Director
MY SIGNATURE DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
MY SIGNATURE DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

My Signature Design Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 December 2022 5,249 1,869 7,118
At 30 November 2023 5,249 1,869 7,118
Accumulated depreciation
At 01 December 2022 5,000 1,081 6,081
Charge for the financial year 249 197 446
At 30 November 2023 5,249 1,278 6,527
Net book value
At 30 November 2023 0 591 591
At 30 November 2022 249 788 1,037

4. Stocks

2023 2022
£ £
Stocks 0 10,000

5. Debtors

2023 2022
£ £
Other debtors 13,783 167

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 7,889 10,000
Amounts owed to related parties 26,500 26,500
Other creditors 115,910 65,007
150,299 101,507

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 40,829 39,993

There are no amounts included above in respect of which any security has been given by the small entity.