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REGISTERED NUMBER: 12761256 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Organic by Design Ltd

Organic by Design Ltd (Registered number: 12761256)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Organic by Design Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr R J P Barnes





REGISTERED OFFICE: St. George's House
14 George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 12761256 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Organic by Design Ltd (Registered number: 12761256)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 149,527 28,123

CURRENT ASSETS
Stocks 103,000 45,000
Debtors 4 277,851 243,895
Cash at bank 12,074 38,992
392,925 327,887
CREDITORS
Amounts falling due within one year 5 297,404 216,315
NET CURRENT ASSETS 95,521 111,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,048

139,695

CREDITORS
Amounts falling due after more than one
year

6

40,716

-
NET ASSETS 204,332 139,695

CAPITAL AND RESERVES
Called up share capital 100 10
Retained earnings 204,232 139,685
204,332 139,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Organic by Design Ltd (Registered number: 12761256)

Balance Sheet - continued
31 July 2024


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 8 January 2025 and were signed by:





Mr R J P Barnes - Director


Organic by Design Ltd (Registered number: 12761256)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% straight line
Motor Vehicles - 33% reducing balance
Computer equipment - 25% reducing balance

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Organic by Design Ltd (Registered number: 12761256)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 56,315
Additions 152,510
Disposals (22,814 )
At 31 July 2024 186,011
DEPRECIATION
At 1 August 2023 28,192
Charge for year 22,555
Eliminated on disposal (14,263 )
At 31 July 2024 36,484
NET BOOK VALUE
At 31 July 2024 149,527
At 31 July 2023 28,123

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,061 106,481
Other debtors 250,790 137,414
277,851 243,895

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,951 21,901
Taxation and social security 141,721 188,024
Other creditors 47,732 6,390
297,404 216,315

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 40,716 -

Organic by Design Ltd (Registered number: 12761256)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr R J P Barnes
Balance outstanding at start of year 104,429 52,424
Amounts advanced 215,786 155,405
Amounts repaid (106,357 ) (103,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 213,858 104,429