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Registered Number: 07636392
England and Wales

 

 

 

DURAN CREATIVE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Victoria Batalla-Duran
Registered Number 07636392
Registered Office Ash Cottage
Mill Lane
Lambourn
Berkshire
RG17 8YN
1
Director's report and financial statements
The director presents her annual report and the financial statements for the year ended 31 May 2024
Principal activities
The companys principal activity during the year was that of graphic design. 
Director
The director who served the company throughout the year was as follows:
Victoria Batalla-Duran

On behalf of the board.


----------------------------------
Victoria Batalla-Duran
Director

Date approved: 13 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,488    2,490 
1,488    2,490 
Current assets      
Stocks 4 11,241    1,025 
Debtors 5 13,922    10,692 
Cash at bank and in hand 28,991    34,070 
54,154    45,787 
Creditors: amount falling due within one year 6 (22,057)   (17,958)
Net current assets 32,097    27,829 
 
Total assets less current liabilities 33,585    30,319 
Net assets 33,585    30,319 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 33,584    30,318 
Shareholders' funds 33,585    30,319 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 13 January 2025 and were signed by:


-------------------------------
Victoria Batalla-Duran
Director
3
General Information
Duran Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 07636392, registration address Ash Cottage , Mill Lane, Lambourn, Berkshire, RG17 8YN.

The presentation currency is £ sterling.
1.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost and 25% on cost
Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2023 1,859    9,309    11,168 
Additions    
Disposals    
At 31 May 2024 1,859    9,309    11,168 
Depreciation
At 01 June 2023 1,139    7,539    8,678 
Charge for year 235    767    1,002 
On disposals    
At 31 May 2024 1,374    8,306    9,680 
Net book values
Closing balance as at 31 May 2024 485    1,003    1,488 
Opening balance as at 01 June 2023 720    1,770    2,490 


4.

Stocks

2024
£
  2023
£
Work in Progress 9,691   
Stocks 1,550    1,025 
11,241    1,025 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 12,586    9,499 
Taxation recoverable 993    993 
13,579    10,492 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Deferred Tax Asset 343    200 
343    200 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Social Security and Other Taxes 21,941    17,056 
Directors' Current Accounts 116    902 
22,057    17,958 

4