WE ARE DESIGN NATION LTD

Company Registration Number:
12364325 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WE ARE DESIGN NATION LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WE ARE DESIGN NATION LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£
£
Turnover: 29,856 26,110
Cost of sales: ( 7,522 ) ( 5,222 )
Gross profit(or loss): 22,334 20,888
Administrative expenses: ( 12,890 ) ( 10,444 )
Operating profit(or loss): 9,444 10,444
Profit(or loss) before tax: 9,444 10,444
Profit(or loss) for the financial year: 9,444 10,444

WE ARE DESIGN NATION LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£
£
Fixed assets
Intangible assets: 3 9,000 8,000
Tangible assets: 4 12,893 10,043
Total fixed assets: 21,893 18,043
Current assets
Cash at bank and in hand: 4,655 3,967
Total current assets: 4,655 3,967
Creditors: amounts falling due within one year: 5 ( 18,563 ) ( 16,745 )
Net current assets (liabilities): (13,908) (12,778)
Total assets less current liabilities: 7,985 5,265
Accruals and deferred income: ( 56 ) ( 43 )
Total net assets (liabilities): 7,929 5,222
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 7,928 5,221
Total Shareholders' funds: 7,929 5,222

The notes form part of these financial statements

WE ARE DESIGN NATION LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 April 2025
and signed on behalf of the board by:

Name: Daniel Iheanyichukwu Ihediwa
Status: Director

The notes form part of these financial statements

WE ARE DESIGN NATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

WE ARE DESIGN NATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

WE ARE DESIGN NATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 9,000 9,000
Additions 1,000 1,000
Disposals
Revaluations
Transfers
At 31 December 2023 10,000 10,000
Amortisation
At 1 January 2023 1,000 1,000
Charge for year
On disposals
Other adjustments
At 31 December 2023 1,000 1,000
Net book value
At 31 December 2023 9,000 9,000
At 31 December 2022 8,000 8,000

WE ARE DESIGN NATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 10,043 10,043
Additions 3,050 3,050
Disposals
Revaluations
Transfers
At 31 December 2023 13,093 13,093
Depreciation
At 1 January 2023 0 0
Charge for year 200 200
On disposals
Other adjustments
At 31 December 2023 200 200
Net book value
At 31 December 2023 12,893 12,893
At 31 December 2022 10,043 10,043

WE ARE DESIGN NATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 16,000 15,000
Other creditors 2,563 1,745
Total 18,563 16,745