Designaweigh Limited 05162817 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is providing information technology consultancy services and the supply of printing and weighing machines. Digita Accounts Production Advanced 6.30.9574.0 true 05162817 2023-07-01 2024-06-30 05162817 2024-06-30 05162817 bus:OrdinaryShareClass1 2024-06-30 05162817 core:RetainedEarningsAccumulatedLosses 2024-06-30 05162817 core:ShareCapital 2024-06-30 05162817 core:CurrentFinancialInstruments 2024-06-30 05162817 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05162817 core:Goodwill 2024-06-30 05162817 core:FurnitureFittingsToolsEquipment 2024-06-30 05162817 core:MotorVehicles 2024-06-30 05162817 bus:SmallEntities 2023-07-01 2024-06-30 05162817 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05162817 bus:FilletedAccounts 2023-07-01 2024-06-30 05162817 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05162817 bus:RegisteredOffice 2023-07-01 2024-06-30 05162817 bus:Director1 2023-07-01 2024-06-30 05162817 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 05162817 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05162817 core:Goodwill 2023-07-01 2024-06-30 05162817 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 05162817 core:MotorVehicles 2023-07-01 2024-06-30 05162817 countries:EnglandWales 2023-07-01 2024-06-30 05162817 2023-06-30 05162817 core:Goodwill 2023-06-30 05162817 core:FurnitureFittingsToolsEquipment 2023-06-30 05162817 core:MotorVehicles 2023-06-30 05162817 2022-07-01 2023-06-30 05162817 2023-06-30 05162817 bus:OrdinaryShareClass1 2023-06-30 05162817 core:RetainedEarningsAccumulatedLosses 2023-06-30 05162817 core:ShareCapital 2023-06-30 05162817 core:CurrentFinancialInstruments 2023-06-30 05162817 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 05162817 core:FurnitureFittingsToolsEquipment 2023-06-30 05162817 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05162817

Designaweigh Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Designaweigh Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Designaweigh Limited

Registration number: 05162817

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

6,996

4,277

Current assets

 

Debtors

6

19,469

19,133

Cash at bank and in hand

 

87,495

64,237

 

106,964

83,370

Creditors: Amounts falling due within one year

7

(11,282)

(5,750)

Net current assets

 

95,682

77,620

Total assets less current liabilities

 

102,678

81,897

Provisions for liabilities

(1,329)

(813)

Net assets

 

101,349

81,084

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

101,348

81,083

Shareholders' funds

 

101,349

81,084



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Designaweigh Limited

Registration number: 05162817

Balance Sheet as at 30 June 2024 (continued)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

A S Bartle
Director

   
     

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
1 Chestnut Cottage
Bunwell Road Spooner Row
Wymondham
Norfolk
NR18 9LH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% reducing balance

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. Under FRS 102 the period for writing off goodwill with no definitive useful life is 10 years and this is the basis adopted. Provision is made for any impairment.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

8,000

8,000

At 30 June 2024

8,000

8,000

Amortisation

At 1 July 2023

8,000

8,000

At 30 June 2024

8,000

8,000

Carrying amount

At 30 June 2024

-

-

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

9,506

-

9,506

Additions

1,242

3,226

4,468

At 30 June 2024

10,748

3,226

13,974

Depreciation

At 1 July 2023

5,229

-

5,229

Charge for the year

1,104

645

1,749

At 30 June 2024

6,333

645

6,978

Carrying amount

At 30 June 2024

4,415

2,581

6,996

At 30 June 2023

4,277

-

4,277

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

6

Debtors

Current

2024
£

2023
£

Trade debtors

19,382

3,890

Other debtors

87

15,243

 

19,469

19,133

The amounts owed to the company at the year-end in respect of the directors' loans was nil (2023 - £14,299) and is included in other debtors. It is company policy to charge interest on all overdrawn loan accounts at HM Revenue & Customs official rate of interest.

 

Designaweigh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

2,035

Director's loan accounts

307

-

Taxation and social security

 

8,892

1,731

Other creditors

 

2,083

1,984

 

11,282

5,750

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1