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REGISTERED NUMBER: 06512522 (England and Wales)









DESIGN REVIEW LTD

Unaudited Financial Statements

for the Year Ended 30 September 2024






DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN REVIEW LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr Jonathan Robert Braddick





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 06512522 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,857 17,717

CURRENT ASSETS
Debtors 5 197,396 246,683
Cash at bank 34,565 82,028
231,961 328,711
CREDITORS
Amounts falling due within one year 6 (143,392 ) (160,209 )
NET CURRENT ASSETS 88,569 168,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,426

186,219

CREDITORS
Amounts falling due after more than one
year

7

(79,698

)

(95,743

)

PROVISIONS FOR LIABILITIES (3,693 ) (3,488 )
NET ASSETS 23,035 86,988

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,935 86,888
23,035 86,988

DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Balance Sheet - continued
30 SEPTEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 March 2025 and were signed by:





Mr Jonathan Robert Braddick - Director


DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Design Review Ltd 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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 machinery - 25% on reducing balance

Financial instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instruments is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 39,213
Additions 5,119
At 30 September 2024 44,332
DEPRECIATION
At 1 October 2023 21,496
Charge for year 4,979
At 30 September 2024 26,475
NET BOOK VALUE
At 30 September 2024 17,857
At 30 September 2023 17,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors
and accrued income - 27,740
Directors' current accounts 142,149 163,696
Tax 55,247 55,247
197,396 246,683

DESIGN REVIEW LTD (REGISTERED NUMBER: 06512522)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,911 28,911
Trade creditors 3,018 4,961
Tax 58,194 101,276
Social security and other taxes 1,661 1,727
VAT 14,409 16,794
Other creditors 7,199 3,486
Other creditor - intercompany
loan 298 298
Accruals and deferred income 29,702 2,756
143,392 160,209

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 28,911 28,911
Bank loans - 2-5 years 44,446 58,049
Bank loans more 5 yr by instal 6,341 8,783
79,698 95,743

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,341 8,783

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr Jonathan Robert Braddick
Balance outstanding at start of year 163,696 (15,786 )
Amounts advanced 97,807 274,493
Amounts repaid (114,300 ) (95,011 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 147,203 163,696

Interest has been charged on the loan at the official rate. The loan is repayable on demand.