BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is design, consultancy and mechanical engineering. 27 January 2025 0 0 NI660645 2024-04-30 NI660645 2023-04-30 NI660645 2022-04-30 NI660645 2023-05-01 2024-04-30 NI660645 2022-05-01 2023-04-30 NI660645 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI660645 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI660645 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI660645 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI660645 uk-core:ShareCapital 2024-04-30 NI660645 uk-core:ShareCapital 2023-04-30 NI660645 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI660645 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI660645 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI660645 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI660645 uk-bus:FRS102 2023-05-01 2024-04-30 NI660645 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI660645 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI660645 uk-core:CurrentFinancialInstruments 2024-04-30 NI660645 uk-core:CurrentFinancialInstruments 2023-04-30 NI660645 uk-core:WithinOneYear 2024-04-30 NI660645 uk-core:WithinOneYear 2023-04-30 NI660645 uk-core:AfterOneYear 2024-04-30 NI660645 uk-core:AfterOneYear 2023-04-30 NI660645 uk-core:EmployeeBenefits 2023-04-30 NI660645 uk-core:EmployeeBenefits 2023-05-01 2024-04-30 NI660645 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-04-30 NI660645 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-04-30 NI660645 uk-core:OtherDeferredTax 2024-04-30 NI660645 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-04-30 NI660645 uk-core:EmployeeBenefits 2024-04-30 NI660645 2023-05-01 2024-04-30 NI660645 uk-bus:Director1 2023-05-01 2024-04-30 NI660645 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI660645
 
 
Conway Design and Innovation Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Conway Design and Innovation Ltd
Company Registration Number: NI660645
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 3 9,514 10,461
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Current Assets
Stocks 4 2,151 5,261
Debtors 5 5,118 855
Cash and cash equivalents 56,495 41,557
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63,764 47,673
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Creditors: amounts falling due within one year 6 (17,132) (2,518)
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Net Current Assets 46,632 45,155
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Total Assets less Current Liabilities 56,146 55,616
 
Creditors:
amounts falling due after more than one year 7 (1,131) (7,978)
 
Provisions for liabilities 9 (1,808) (1,988)
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Net Assets 53,207 45,650
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Capital and Reserves
Called up share capital 10 10
Retained earnings 53,197 45,640
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Equity attributable to owners of the company 53,207 45,650
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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 27 January 2025
           
           
________________________________          
Mr. Kevin Conway          
Director          
           



Conway Design and Innovation Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Conway Design and Innovation Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI660645. The registered office of the company is. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
         
3. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 May 2023 14,559 1,810 16,369
Additions 5,463 - 5,463
Disposals (6,300) - (6,300)
  ───────── ───────── ─────────
At 30 April 2024 13,722 1,810 15,532
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 5,131 777 5,908
Charge for the financial year 2,172 206 2,378
On disposals (2,268) - (2,268)
  ───────── ───────── ─────────
At 30 April 2024 5,035 983 6,018
  ───────── ───────── ─────────
Net book value
At 30 April 2024 8,687 827 9,514
  ═════════ ═════════ ═════════
At 30 April 2023 9,428 1,033 10,461
  ═════════ ═════════ ═════════
       
4. Stocks 2024 2023
  £ £
 
Raw materials 2,151 5,261
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
5. Debtors 2024 2023
  £ £
 
Trade debtors - 20
Taxation  (Note 8) 5,118 835
  ───────── ─────────
  5,118 855
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 9,600 -
Taxation  (Note 8) 1,952 1,318
Other creditors 4,380 -
Accruals 1,200 1,200
  ───────── ─────────
  17,132 2,518
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Director's loan accounts 131 6,978
Other loans 1,000 1,000
  ───────── ─────────
  1,131 7,978
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 5,118 835
  ═════════ ═════════
Creditors:
Corporation tax 1,952 1,318
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 1,988 1,988 (199)
Charged to profit and loss (180) (180) 2,187
  ───────── ───────── ─────────
At financial year end 1,808 1,808 1,988
  ═════════ ═════════ ═════════
           
10. Related party transactions
 
At the start of the year Conway Design and Innovation Ltd owed the director of the company £6,978. During the year the company borrowed a further £9,877 and repaid £16,724 to the director. At the end of the year Conway Design and Innovation Ltd owed the director £131 (2023: £6,978) and this is included in the creditors section of the balance sheet.

Kevin Conway, director of Conway Design and Innovation Ltd, is also a director of Spherius Ltd. During the year Spherius Ltd carried out work for Conway Design and Innovation Ltd. These transactions were all at arms length and the following amounts are included in the financial statements;
Subcontract Labour - £17,900
Trade Creditor - £9,600        

At the start of the year Conway Design and Innovation Ltd owed Spherius Ltd £1,000. During the year there were no further transactions. At the year end, Conway Design and Innovation Ltd owed Spherius Ltd £1,000 (2023: £1,000). This is included in the creditors section of the balance sheet.