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
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
Pad Design Limited
Statement of financial position
as at 30 June 2024
Tangible assets
14,125
15,985
Investments
609,582
1,002,000
Cash at bank and in hand
226,963
86,786
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
Net assets
963,420
1,785,801
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
Pad Design Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
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
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
At 30 June 2024
6,597
7,528
14,125
At 30 June 2023
1,721
14,264
15,985
Amounts falling due within one year
Trade debtors
241,946
262,781
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
Taxes and social security
17,533
88,980
Other creditors
2,174
1,313
Pad Design Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
2,848
-
Charged to the profit and loss account
2,848
-
Provision at end of year
2,848
-
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
-
Shares issued during the period:
750 Ordinary A shares of £1 each
750
250 Ordinary B shares of £1 each
250
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).