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REGISTERED NUMBER: 07801858 (England and Wales)















Financial Statements For The Year Ended 31 July 2024

for

Design Engine Limited

Design Engine Limited (Registered number: 07801858)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

Design Engine Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: J R Rollinson
D N S J Yates
P Jones
Mrs R M Rollinson





REGISTERED OFFICE: 13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG





REGISTERED NUMBER: 07801858 (England and Wales)





ACCOUNTANTS: Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG

Design Engine Limited (Registered number: 07801858)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,391 81,201
Investments 5 50,250 50,250
132,641 131,451

CURRENT ASSETS
Debtors 6 661,415 700,281
Cash at bank 691,474 351,327
1,352,889 1,051,608
CREDITORS
Amounts falling due within one year 7 771,094 584,873
NET CURRENT ASSETS 581,795 466,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,436

598,186

CREDITORS
Amounts falling due after more than one
year

8

(66,246

)

(97,557

)

PROVISIONS FOR LIABILITIES 11 (8,710 ) (12,163 )
NET ASSETS 639,480 488,466

CAPITAL AND RESERVES
Called up share capital 12 128 128
Retained earnings 639,352 488,338
SHAREHOLDERS' FUNDS 639,480 488,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Design Engine Limited (Registered number: 07801858)

Balance Sheet - continued
31 July 2024


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 20 January 2025 and were signed on its behalf by:





Mrs R M Rollinson - Director


Design Engine Limited (Registered number: 07801858)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Design Engine 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on reducing balance

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.


Design Engine Limited (Registered number: 07801858)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

Impairment
Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Design Engine Limited (Registered number: 07801858)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 17,704 30,999 129,660 178,363
Additions - 44,990 1,896 46,886
Disposals - (30,999 ) - (30,999 )
At 31 July 2024 17,704 44,990 131,556 194,250
DEPRECIATION
At 1 August 2023 2,656 7,750 86,756 97,162
Charge for year 2,257 6,749 13,441 22,447
Eliminated on disposal - (7,750 ) - (7,750 )
At 31 July 2024 4,913 6,749 100,197 111,859
NET BOOK VALUE
At 31 July 2024 12,791 38,241 31,359 82,391
At 31 July 2023 15,048 23,249 42,904 81,201

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 30,999
Additions 44,990
Disposals (30,999 )
At 31 July 2024 44,990
DEPRECIATION
At 1 August 2023 7,750
Charge for year 6,749
Eliminated on disposal (7,750 )
At 31 July 2024 6,749
NET BOOK VALUE
At 31 July 2024 38,241
At 31 July 2023 23,249

Design Engine Limited (Registered number: 07801858)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 50,250
NET BOOK VALUE
At 31 July 2024 50,250
At 31 July 2023 50,250

On 30 September 2014 Design Engine Limited acquired 50% of the share capital of
Design Engine Structures Limited - £50,250.

This investment is stated at cost, and the directors consider that there has been no impairment in the value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 582,642 570,568
Other debtors 8,743 8,063
Directors' current accounts - 100,000
Prepayments 70,030 21,650
661,415 700,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,316 36,885
Hire purchase contracts (see note 9) 6,760 4,491
Trade creditors 89,858 103,884
Corporation tax 116,012 78,995
Social security and other taxes 258,868 261,640
Other creditors 2,250 2,250
Accrued expenses 256,030 96,728
771,094 584,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 34,213 41,316
Bank loans - 2-5 years - 34,213
Hire purchase contracts (see note 9) 32,033 22,028
66,246 97,557

Design Engine Limited (Registered number: 07801858)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,760 4,491
Between one and five years 32,033 22,028
38,793 26,519

Non-cancellable operating leases
2024 2023
£    £   
Between one and five years 106,770 142,360

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 38,793 26,519

Hire purchases contracts are secured on the asset to which the contract relates.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,710 12,163

Deferred
tax
£   
Balance at 1 August 2023 12,163
Credit to Statement of Income and Retained Earnings during year (3,453 )
Balance at 31 July 2024 8,710

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
28 Non Voting 'A' Shares £1 28 28
128 128

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Design Engine Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Design Engine Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Design Engine Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Design Engine Limited and state those matters that we have agreed to state to the Board of Directors of Design Engine Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Design Engine Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Design Engine Limited. You consider that Design Engine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Design Engine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG


20 January 2025