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REGISTERED NUMBER: 05026068 (England and Wales)













DESIGN MANAGEMENT PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






DESIGN MANAGEMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 05026068)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DESIGN MANAGEMENT PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs V Chamberlain
Mr N P Lloyd
Mrs J Cadenne





REGISTERED OFFICE: 2 Centre Court
Treforest Industrial Estate
Pontypridd
CF37 5YR





REGISTERED NUMBER: 05026068 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DESIGN MANAGEMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 05026068)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 19,927 20,383
19,928 20,384

CURRENT ASSETS
Debtors 6 250,668 202,741
Cash at bank and in hand 489,544 503,069
740,212 705,810
CREDITORS
Amounts falling due within one year 7 108,512 92,170
NET CURRENT ASSETS 631,700 613,640
TOTAL ASSETS LESS CURRENT LIABILITIES 651,628 634,024

CAPITAL AND RESERVES
Called up share capital 12 12
Capital redemption reserve 88 88
Retained earnings 651,528 633,924
651,628 634,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr N P Lloyd - Director


DESIGN MANAGEMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 05026068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Design Management Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 comprises the value of services rendered to clients in the period irrespective of when the invoice is raised or payment made and is stated exclusive of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line on cost
Fixtures and fittings - 20% straight line on cost
Computer equipment - 33.33% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

DESIGN MANAGEMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 05026068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 100,000
AMORTISATION
At 1 June 2023
and 31 May 2024 99,999
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 June 2023 7,444 8,006 21,564 37,014
Additions - 450 4,959 5,409
Disposals - - (5,139 ) (5,139 )
At 31 May 2024 7,444 8,456 21,384 37,284
DEPRECIATION
At 1 June 2023 153 653 15,825 16,631
Charge for year 744 1,628 2,931 5,303
Eliminated on disposal - - (4,577 ) (4,577 )
At 31 May 2024 897 2,281 14,179 17,357
NET BOOK VALUE
At 31 May 2024 6,547 6,175 7,205 19,927
At 31 May 2023 7,291 7,353 5,739 20,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 167,630 110,536
Other debtors 83,038 92,205
250,668 202,741

DESIGN MANAGEMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 05026068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 17,811 17,029
Taxation and social security 85,097 65,855
Other creditors 5,604 9,286
108,512 92,170

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 16,607 12,260
Between one and five years 12,352 28,960
28,959 41,220