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Unaudited Financial Statements for the Year Ended 30 June 2024

for

Design Centric Limited

Design Centric Limited (Registered number: 05115201)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Design Centric Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D J Turnbull
Mrs F J Turnbull





SECRETARY: Mrs J Turnbull





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 4NB





REGISTERED NUMBER: 05115201





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Design Centric Limited (Registered number: 05115201)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645 1,509

CURRENT ASSETS
Debtors 5 315 5,130
Cash at bank 76,393 51,560
76,708 56,690
CREDITORS
Amounts falling due within one year 6 6,235 9,007
NET CURRENT ASSETS 70,473 47,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,118

49,192

PROVISIONS FOR LIABILITIES 7 89 219
NET ASSETS 71,029 48,973

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 70,929 48,873
SHAREHOLDERS' FUNDS 71,029 48,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 26 February 2025 and were signed on its behalf by:





D J Turnbull - Director


Design Centric Limited (Registered number: 05115201)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Design Centric Limited is a private company, limited by shares , registered in Not specified/Other. 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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery25%
Fixtures and fittings25%
Computer equipment25%



Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Design Centric Limited (Registered number: 05115201)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Freehold Plant and and sundry
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 7,317 2,190 1,362 30,370 41,239
DEPRECIATION
At 1 July 2023 7,317 2,190 1,362 28,861 39,730
Charge for year - - - 864 864
At 30 June 2024 7,317 2,190 1,362 29,725 40,594
NET BOOK VALUE
At 30 June 2024 - - - 645 645
At 30 June 2023 - - - 1,509 1,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 5,000
Directors' current accounts 64 -
VAT 115 -
Prepayments 136 130
315 5,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 4,935 -
VAT - 3,397
Directors' current accounts - 4,410
Accrued expenses 1,300 1,200
6,235 9,007

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 89 219

Deferred
tax
£   
Balance at 1 July 2023 219
Provided during year (130 )
Deferred tax
Balance at 30 June 2024 89

Design Centric Limited (Registered number: 05115201)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J and Mrs F J Turnbull.