5 false false false false false false false false false false true false false false false false false 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 59,918 313,681 xbrli:pure xbrli:shares iso4217:GBP 09154046 2024-01-01 2024-12-31 09154046 2024-12-31 09154046 2023-12-31 09154046 2023-01-01 2023-12-31 09154046 2023-12-31 09154046 2022-12-31 09154046 core:LandBuildings 2024-01-01 2024-12-31 09154046 core:FurnitureFittings 2024-01-01 2024-12-31 09154046 bus:RegisteredOffice 2024-01-01 2024-12-31 09154046 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 09154046 bus:Director1 2024-01-01 2024-12-31 09154046 bus:Director2 2024-01-01 2024-12-31 09154046 bus:Director3 2024-01-01 2024-12-31 09154046 core:WithinOneYear 2024-12-31 09154046 core:WithinOneYear 2023-12-31 09154046 core:LandBuildings 2023-12-31 09154046 core:FurnitureFittings 2023-12-31 09154046 core:LandBuildings 2024-12-31 09154046 core:FurnitureFittings 2024-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2023-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2022-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2024-12-31 09154046 core:RetainedEarningsAccumulatedLosses 2023-12-31 09154046 core:ShareCapital 2024-12-31 09154046 core:ShareCapital 2023-12-31 09154046 core:FurnitureFittings 2023-12-31 09154046 bus:SmallEntities 2024-01-01 2024-12-31 09154046 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09154046 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09154046 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09154046 bus:FullAccounts 2024-01-01 2024-12-31 09154046 core:OfficeEquipment 2024-01-01 2024-12-31 09154046 core:OfficeEquipment 2023-12-31 09154046 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 09154046
DESIGN SOMETHING MORE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
DESIGN SOMETHING MORE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
6
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
11
DESIGN SOMETHING MORE LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr J Stubley
Mr S Woowat
Mr S Morrow
Registered office
1st Floor
Compass House
East Street
Leeds
LS9 8EE
Accountants
Townends Accountants LLP
Chartered Accountants
Fulford Lodge
1 Heslington Lane
Fulford
York
YO10 4HW
Bankers
National Westminster
8 Park Row
Leeds
LS1 5HD
DESIGN SOMETHING MORE LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 DECEMBER 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
PRINCIPAL ACTIVITIES
The principal activity of the company during the period was that of media design consultants.
DIRECTORS
The directors who served the company during the year were as follows:
Mr J Stubley
Mr S Woowat
Mr S Morrow
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 19 March 2025 and signed on behalf of the board by:
Mr S Woowat
Director
Registered office:
1st Floor
Compass House
East Street
Leeds
LS9 8EE
DESIGN SOMETHING MORE LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
£
£
TURNOVER
344,929
751,492
Cost of sales
24,845
64,682
----------
----------
GROSS PROFIT
320,084
686,810
Administrative expenses
248,641
277,881
Other operating income
1,718
----------
----------
OPERATING PROFIT
71,443
410,647
Other interest receivable and similar income
4,991
869
----------
----------
PROFIT BEFORE TAXATION
5
76,434
411,516
Tax on profit
16,516
97,835
--------
----------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
59,918
313,681
--------
----------
Dividends paid and payable
( 228,000)
( 258,000)
RETAINED EARNINGS AT THE START OF THE YEAR
502,963
447,282
----------
----------
RETAINED EARNINGS AT THE END OF THE YEAR
334,881
502,963
----------
----------
All the activities of the company are from continuing operations.
DESIGN SOMETHING MORE LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
5,970
6,729
CURRENT ASSETS
Work in progress
14,850
26,424
Debtors
7
76,152
157,180
Cash at bank and in hand
260,657
430,619
----------
----------
351,659
614,223
CREDITORS: amounts falling due within one year
8
20,955
116,006
----------
----------
NET CURRENT ASSETS
330,704
498,217
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
336,674
504,946
PROVISIONS
Taxation including deferred tax
1,493
1,683
----------
----------
NET ASSETS
335,181
503,263
----------
----------
DESIGN SOMETHING MORE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
300
300
Profit and loss account
334,881
502,963
----------
----------
SHAREHOLDERS FUNDS
335,181
503,263
----------
----------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr J Stubley
Director
Company registration number: 09154046
DESIGN SOMETHING MORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Compass House, East Street, Leeds, LS9 8EE.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
(c) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Alterations
-
15% straight line
Fixtures & Fittings
-
15% reducing balance
Computer Equipment
-
50% straight line
(f) Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
(h) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. PROFIT BEFORE TAXATION
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
6,564
13,276
-------
--------
6. TANGIBLE ASSETS
Property alterations
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2024
17,450
9,348
29,345
56,143
Additions
5,805
5,805
--------
-------
--------
--------
At 31 December 2024
17,450
9,348
35,150
61,948
--------
-------
--------
--------
Depreciation
At 1 January 2024
17,450
5,739
26,225
49,414
Charge for the year
542
6,022
6,564
--------
-------
--------
--------
At 31 December 2024
17,450
6,281
32,247
55,978
--------
-------
--------
--------
Carrying amount
At 31 December 2024
3,067
2,903
5,970
--------
-------
--------
--------
At 31 December 2023
3,609
3,120
6,729
--------
-------
--------
--------
7. DEBTORS
2024
2023
£
£
Trade debtors
14,400
139,164
Other debtors
61,752
18,016
--------
----------
76,152
157,180
--------
----------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,094
2,013
Corporation tax
16,706
99,539
Social security and other taxes
996
9,260
Directors current accounts
512
510
Other creditors
647
4,684
--------
----------
20,955
116,006
--------
----------
9. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
13,413
----
--------
DESIGN SOMETHING MORE LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2024
The following pages do not form part of the financial statements.
DESIGN SOMETHING MORE LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DESIGN SOMETHING MORE LIMITED
YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Design Something More Limited for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Design Something More Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Design Something More Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Design Something More Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Design Something More Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Design Something More Limited. You consider that Design Something More Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Design Something More Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Townends Accountants LLP Chartered Accountants
Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW
19 March 2025