1 July 2023 false Taxfiler 2024.6.1 06297140business:PrivateLimitedCompanyLtd2023-07-012024-06-30 062971402023-06-30 062971402023-07-012024-06-30 06297140business:AuditExemptWithAccountantsReport2023-07-012024-06-30 06297140business:FilletedAccounts2023-07-012024-06-30 062971402024-06-30 06297140business:Director12023-07-012024-06-30 06297140business:Director22023-07-012024-06-30 06297140business:Director32023-07-012024-06-30 06297140business:Director42023-07-012024-06-30 06297140business:Director52023-07-012024-06-30 06297140business:RegisteredOffice2023-07-012024-06-30 062971402023-06-30 06297140core:WithinOneYear2024-06-30 06297140core:WithinOneYear2023-06-30 06297140core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 06297140core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 06297140core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 06297140core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 06297140core:PreviouslyStatedAmount2024-06-30 06297140core:PreviouslyStatedAmount2023-06-30 06297140business:SmallEntities2023-07-012024-06-30 06297140countries:EnglandWales2023-07-012024-06-30 06297140core:FurnitureFittings2023-07-012024-06-30 06297140core:ComputerEquipment2023-07-012024-06-30 06297140core:FurnitureFittings2023-06-30 06297140core:ComputerEquipment2023-06-30 06297140core:FurnitureFittings2024-06-30 06297140core:ComputerEquipment2024-06-30 06297140core:AcceleratedTaxDepreciationDeferredTax2024-06-30 06297140core:AcceleratedTaxDepreciationDeferredTax2023-06-30 062971402022-07-012023-06-30 06297140business:OrdinaryShareClass12023-07-012024-06-30 06297140business:OrdinaryShareClass12022-07-012023-06-30 06297140business:OrdinaryShareClass22023-07-012024-06-30 06297140business:OrdinaryShareClass22022-07-012023-06-30 06297140business:OrdinaryShareClass32023-07-012024-06-30 06297140business:OrdinaryShareClass32022-07-012023-06-30 06297140business:AllOrdinaryShares2023-07-012024-06-30 06297140business:AllOrdinaryShares2022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06297140 (England and Wales)
Pad Design Limited Unaudited accounts for the year ended 30 June 2024
Pad Design Limited Unaudited accounts Contents
Page
- 2 -
Pad Design Limited Company Information for the year ended 30 June 2024
Directors
David Nicholas Archer Christin Peglow-Archer Martin Douglas Benjamin Metcalfe Matthew Neal Rutty
Company Number
06297140 (England and Wales)
Registered Office
The Tobacco Factory Raleigh Road Southville Bristol BS3 1TF
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
- 3 -
Pad Design Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,125 
15,985 
Current assets
Debtors
241,946 
862,781 
Investments
609,582 
1,002,000 
Cash at bank and in hand
226,963 
86,786 
1,078,491 
1,951,567 
Creditors: amounts falling due within one year
(126,348)
(181,751)
Net current assets
952,143 
1,769,816 
Total assets less current liabilities
966,268 
1,785,801 
Provisions for liabilities
Deferred tax
(2,848)
- 
Net assets
963,420 
1,785,801 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
962,420 
1,784,801 
Shareholders' funds
963,420 
1,785,801 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
David Nicholas Archer Director Company Registration No. 06297140
- 4 -
Pad Design Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Pad Design Limited is a private company, limited by shares, registered in England and Wales, registration number 06297140. The registered office is The Tobacco Factory Raleigh Road, Southville, Bristol, BS3 1TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Pad Design Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
5,902 
70,637 
76,539 
Additions
7,034 
1,570 
8,604 
At 30 June 2024
12,936 
72,207 
85,143 
Depreciation
At 1 July 2023
4,181 
56,373 
60,554 
Charge for the year
2,158 
8,306 
10,464 
At 30 June 2024
6,339 
64,679 
71,018 
Net book value
At 30 June 2024
6,597 
7,528 
14,125 
At 30 June 2023
1,721 
14,264 
15,985 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
241,946 
262,781 
Other debtors
- 
600,000 
241,946 
862,781 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
609,582 
1,002,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
80,377 
90,158 
Trade creditors
777 
- 
Taxes and social security
17,533 
88,980 
Other creditors
2,174 
1,313 
Accruals
25,487 
1,300 
126,348 
181,751 
- 6 -
Pad Design Limited Notes to the Accounts for the year ended 30 June 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,848 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
2,848 
- 
Provision at end of year
2,848 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
- Ordinary shares of £1 each
- 
1,000 
750 Ordinary A shares of £1 each
750 
- 
250 Ordinary B shares of £1 each
250 
- 
1,000 
1,000 
Shares issued during the period:
750 Ordinary A shares of £1 each
750 
250 Ordinary B shares of £1 each
250 
1,000 
10
Controlling party
Pad Design Trustee Limited (15061244), an Employee Ownership Trust, owns 75% of the share capital.
11
Average number of employees
During the year the average number of employees was 14 (2023: 13).
- 7 -