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Company Registration No. 03329429 (England and Wales)
Designate Advertising (UK) Limited Unaudited accounts for the year ended 31 December 2024
Designate Advertising (UK) Limited Unaudited accounts Contents
Page
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Designate Advertising (UK) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
859,068 
855,942 
Creditors: amounts falling due within one year
(1,855)
(1,876)
Net current assets
857,213 
854,066 
Net assets
857,213 
854,066 
Capital and reserves
Called up share capital
10,008 
10,008 
Profit and loss account
847,205 
844,058 
Shareholders' funds
857,213 
854,066 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
Mr A W Hill Director Company Registration No. 03329429
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Designate Advertising (UK) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Designate Advertising (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 03329429. The registered office is 4 St Georges Place, Brighton, East Sussex, BN1 4GA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it related to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Designate Advertising (UK) Limited Notes to the Accounts for the year ended 31 December 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
859,068 
- 
Amounts falling due after more than one year
Other debtors
- 
855,942 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
739 
756 
Accruals
1,116 
1,120 
1,855 
1,876 
6
Transactions with related parties
The company is a member of Designate Advertising LLP. During the year, the company received a profit share of £5,000 (2023 - £5,000) from the limited liability partnership, and the limited liability partnership incurred costs of £1,116 (2023 - £1,020) on behalf of the company and paid it's corporation tax liability of £758 (2023 - £737). At the balance sheet date, Designate Advertising LLP owed the company £859,068 (2023 - £855,942). The balance is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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