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REGISTERED NUMBER: 07334205 (England)










Do Something Different Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024






Do Something Different Ltd (Registered number: 07334205)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Do Something Different Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Raymond Richards





REGISTERED OFFICE: Station House
Station Road
Whalley
Lancashire
BB7 9RT





REGISTERED NUMBER: 07334205 (England)






Do Something Different Ltd (Registered number: 07334205)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 898 1,197
898 1,197

CURRENT ASSETS
Debtors 6 24,000 30,537
Cash at bank 39,613 29,748
63,613 60,285
CREDITORS
Amounts falling due within one year 7 (10,833 ) (31,672 )
NET CURRENT ASSETS 52,780 28,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,678

29,810

CREDITORS
Amounts falling due after more than one
year

8

(2,745

)

(5,508

)
NET ASSETS 50,933 24,302

CAPITAL AND RESERVES
Called up share capital 13,171 13,171
Share premium 807,955 814,492
Retained earnings (770,193 ) (803,361 )
50,933 24,302

Do Something Different Ltd (Registered number: 07334205)

Balance Sheet - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr Raymond Richards - Director


Do Something Different Ltd (Registered number: 07334205)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Station House
Station Road
Whalley
Lancashire
BB7 9RT
United Kingdom

The principal place of business is:
31 Montefiore Road
Hove
Sussex
BN3 1RD

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GOING CONCERN
The directors have agreed to contine to support the Company for a minimum period of 12 months from the date of the accounts signing. They have agreed to only take repayment of the monies owed to them as and when the Company can afford to do so having regard to all other amounts owed by the Company

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Do Something Different Ltd (Registered number: 07334205)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Fixtures and fittings25% reducing balance

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
Website and development costs33% straight line

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Do Something Different Ltd (Registered number: 07334205)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website
and
developme
costs
£   
COST
At 1 September 2023
and 31 August 2024 74,200
AMORTISATION
At 1 September 2023
and 31 August 2024 74,200
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Furniture,
fittings
and
equipment
£   
COST
At 1 September 2023
and 31 August 2024 4,271
DEPRECIATION
At 1 September 2023 3,074
Charge for year 299
At 31 August 2024 3,373
NET BOOK VALUE
At 31 August 2024 898
At 31 August 2023 1,197

Do Something Different Ltd (Registered number: 07334205)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,000 24,000
Unpaid share capital - 6,537
24,000 30,537

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans and borrowings (see note 9) 3,221 3,600
Trade creditors - 779
VAT 3,831 3,894
Directors' current accounts 3,691 23,399
Accrued expenses 90 -
10,833 31,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loans and borrowings (see note 9) 2,745 5,508

9. LOANS AND BORROWINGS

An analysis of the maturity of loans and borrowings is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank borrowings 3,221 3,600

Amounts falling due between two and five years:
Bank borrowings 2,745 5,508