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REGISTERED NUMBER: 02454735 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID RANDERSON DESIGN ASSOCIATES
LIMITED

COMPANY INFORMATION
for the Year Ended 31ST MAY 2024







DIRECTORS: D Randerson
A Randerson



SECRETARY: A Randerson



REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN



REGISTERED NUMBER: 02454735 (England and Wales)



ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN



BANKERS: Royal Bank of Scotland PLC
26 St Annes Road West
Lytham St Annes
Lancashire
FY8 1RN

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,105 10,990

CURRENT ASSETS
Stocks 5,400 4,795
Debtors 5 7,896 6,445
Cash at bank and in hand 3,580 4,016
16,876 15,256
CREDITORS
Amounts falling due within one year 6 29,971 36,551
NET CURRENT LIABILITIES (13,095 ) (21,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,990

)

(10,305

)

CREDITORS
Amounts falling due after more than one
year

7

(885

)

(7,858

)

PROVISIONS FOR LIABILITIES (780 ) (2,088 )
NET LIABILITIES (10,655 ) (20,251 )

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 11 (10,675 ) (20,271 )
SHAREHOLDERS' FUNDS (10,655 ) (20,251 )

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

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

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

BALANCE SHEET - continued
31ST MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th February 2025 and were signed on its behalf by:





D Randerson - Director


DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024

1. STATUTORY INFORMATION

David Randerson Design Associates 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
The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer.

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.
Leasehold alterations - 20% on reducing balance
Office equipment - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The financial statements have been prepared on a going concern basis. At the balance sheet date, liabilities exceeded assets by £10,655 after the inclusion directors' loans amounting to £13,345. In the directors' opinion the company will continue in existence for the forseable future with the directors' continued support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Office Computer
alterations equipment equipment Totals
£    £    £    £   
COST
At 1st June 2023 6,990 22,459 6,015 35,464
Disposals - (12,750 ) - (12,750 )
At 31st May 2024 6,990 9,709 6,015 22,714
DEPRECIATION
At 1st June 2023 6,904 14,693 2,877 24,474
Charge for year 17 241 471 729
Eliminated on disposal - (6,594 ) - (6,594 )
At 31st May 2024 6,921 8,340 3,348 18,609
NET BOOK VALUE
At 31st May 2024 69 1,369 2,667 4,105
At 31st May 2023 86 7,766 3,138 10,990

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Office
equipment
£   
COST
At 1st June 2023 12,750
Disposals (12,750 )
At 31st May 2024 -
DEPRECIATION
At 1st June 2023 6,594
Eliminated on disposal (6,594 )
At 31st May 2024 -
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 6,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 4,909 4,495
Other debtors - 874
VAT 1,020 1,076
Prepayments 1,967 -
7,896 6,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 6,460 6,460
Trade creditors 3,738 4,154
Tax 3,708 2,574
Social security and other taxes 683 764
Other creditors - 20
Directors' loan accounts 13,348 20,683
Accruals and deferred income 2,034 1,896
29,971 36,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 885 7,858

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/24 31/5/23
£    £   
Within one year 4,767 -
Between one and five years 18,671 -
23,438 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans 7,345 14,318

Borrowing is secured by way of a fixed and floating charge over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
2 Ordinary £10 20 20

11. RESERVES
Retained
earnings
£   

At 1st June 2023 (20,271 )
Profit for the year 9,596
At 31st May 2024 (10,675 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

31/5/24 31/5/23
£    £   
D Randerson
Balance outstanding at start of year (15,689 ) (4,389 )
Amounts advanced 4,469 2,252
Amounts repaid (236 ) (13,552 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,456 ) (15,689 )

DAVID RANDERSON DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 02454735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Randerson
Balance outstanding at start of year (4,994 ) (6,663 )
Amounts advanced 4,560 2,390
Amounts repaid (1,459 ) (721 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,893 ) (4,994 )

13. CONTROLLING PARTY

In the opinion of the directors the company is controlled by the director shareholders who own 100% of the issued share capital.