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REGISTERED NUMBER: 06665233 (England and Wales)




















Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

DESIGNWERK UK LTD

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

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










Page

Company Information 1

Report of the Director 2

Statement of Comprehensive Income 3

Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


DESIGNWERK UK LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: C J Cook





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 06665233 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Report of the Director
for the Year Ended 31 July 2024


The director presents his report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of creative design.

REVIEW OF BUSINESS
The directors are pleased to report that they have diversified the client base to include non-sports related new clients in blue-chip companies.

DIRECTOR
C J Cook held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C J Cook - Director


24 February 2025

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Statement of Comprehensive Income
for the Year Ended 31 July 2024

31.7.24 31.7.23
Notes £    £   

TURNOVER 2,215,415 2,261,165

Cost of sales 795,359 950,981
GROSS PROFIT 1,420,056 1,310,184

Administrative expenses 1,188,061 1,195,890
OPERATING PROFIT 4 231,995 114,294

Interest receivable and similar income 1 2,281
231,996 116,575

Interest payable and similar expenses 4,718 20
PROFIT BEFORE TAXATION 227,278 116,555

Tax on profit 61,419 48,730
PROFIT FOR THE FINANCIAL YEAR 165,859 67,825

OTHER COMPREHENSIVE INCOME
Cancellation of B Class Shares 147 -
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR THE
YEAR, NET OF INCOME TAX

147

-
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

166,006

67,825

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 6 164,648 164,648
Tangible assets 7 22,373 33,888
187,021 198,536

CURRENT ASSETS
Debtors 8 279,598 349,897
Cash at bank and in hand 135,832 159,313
415,430 509,210
CREDITORS
Amounts falling due within one year 9 318,251 449,154
NET CURRENT ASSETS 97,179 60,056
TOTAL ASSETS LESS CURRENT LIABILITIES 284,200 258,592

CREDITORS
Amounts falling due after more than one
year

10

32,114

38,565
NET ASSETS 252,086 220,027

CAPITAL AND RESERVES
Called up share capital 1,203 1,350
Share premium 11 - 133,800
Retained earnings 11 250,883 84,877
SHAREHOLDERS' FUNDS 252,086 220,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





C J Cook - Director


DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Statement of Changes in Equity
for the Year Ended 31 July 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 August 2022 1,350 70,452 133,800 205,602

Changes in equity
Dividends - (53,400 ) - (53,400 )
Total comprehensive income - 67,825 - 67,825
Balance at 31 July 2023 1,350 84,877 133,800 220,027

Changes in equity
Issue of share capital (147 ) - (133,800 ) (133,947 )
Total comprehensive income - 166,006 - 166,006
Balance at 31 July 2024 1,203 250,883 - 252,086

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

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


1. STATUTORY INFORMATION

Designwerk UK 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 16 (2023 - 17 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.7.24 31.7.23
£    £   
Depreciation - owned assets 18,425 8,668

5. DIVIDENDS
31.7.24 31.7.23
£    £   
Ordinary shares of £1.00 each
Interim - 53,400

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 562,580
AMORTISATION
At 1 August 2023
and 31 July 2024 397,932
NET BOOK VALUE
At 31 July 2024 164,648
At 31 July 2023 164,648

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

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


7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 40,919 97,040 137,959
Additions 551 6,359 6,910
At 31 July 2024 41,470 103,399 144,869
DEPRECIATION
At 1 August 2023 40,807 63,264 104,071
Charge for year 250 18,175 18,425
At 31 July 2024 41,057 81,439 122,496
NET BOOK VALUE
At 31 July 2024 413 21,960 22,373
At 31 July 2023 112 33,776 33,888

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 230,522 300,113
Amounts owed by participating interests 39,700 39,700
Other debtors 9,376 10,084
279,598 349,897

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 8,956 23,758
Trade creditors 78,533 88,452
Tax 105,998 48,730
Social security and other taxes 46,668 115,356
Pension Fund Payable (1,579 ) 1,961
VAT 23,496 75,931
Other creditors 188 188
Directors' current accounts 15,731 1,448
Accrued expenses 40,260 93,330
318,251 449,154

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans - 1-2 years 32,114 38,565

DESIGNWERK UK LTD (REGISTERED NUMBER: 06665233)

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


11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 August 2023 84,877 133,800 218,677
Profit for the year 165,859 165,859
Purchase of own shares 147 - 147
Cash share issue - (133,800 ) (133,800 )
At 31 July 2024 250,883 - 250,883

During the year the company cancelled 147 B Class shares issued to staff that have now left and under the terms of the shares they are cancelled on leaving employment.

The company has also repaid share premium to the ordinary shareholder, after filing a solvency statement.