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REGISTERED NUMBER: 07247717 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

032 Design Consultants Limited

032 Design Consultants Limited (Registered number: 07247717)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


032 Design Consultants Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S R Bailey





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





REGISTERED NUMBER: 07247717 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

032 Design Consultants Limited (Registered number: 07247717)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,056 6,769
Tangible assets 5 - 1,447
5,056 8,216

CURRENT ASSETS
Stocks 6 10,000 -
Debtors 7 266,749 408,532
Cash at bank 285,311 185,624
562,060 594,156
CREDITORS
Amounts falling due within one year 8 112,170 121,108
NET CURRENT ASSETS 449,890 473,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,946

481,264

CREDITORS
Amounts falling due after more than one
year

9

17,507

47,500
NET ASSETS 437,439 433,764

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 437,437 433,762
SHAREHOLDERS' FUNDS 437,439 433,764

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

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

032 Design Consultants Limited (Registered number: 07247717)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





S R Bailey - Director


032 Design Consultants Limited (Registered number: 07247717)

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

1. STATUTORY INFORMATION

032 Design Consultants Limited 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
The turnover represents net invoiced sales of services excluding value added tax, arising from design consultancy.

Goodwill
Goodwill was written off over its estimated economic life of ten years and is now fully amortised.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


032 Design Consultants Limited (Registered number: 07247717)

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

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2024 625,300 9,025 634,325
Additions - 725 725
At 31 December 2024 625,300 9,750 635,050
AMORTISATION
At 1 January 2024 625,300 2,256 627,556
Amortisation for year - 2,438 2,438
At 31 December 2024 625,300 4,694 629,994
NET BOOK VALUE
At 31 December 2024 - 5,056 5,056
At 31 December 2023 - 6,769 6,769

032 Design Consultants Limited (Registered number: 07247717)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 15,781 51,723 17,618 85,122
DEPRECIATION
At 1 January 2024 14,334 51,723 17,618 83,675
Charge for year 1,447 - - 1,447
At 31 December 2024 15,781 51,723 17,618 85,122
NET BOOK VALUE
At 31 December 2024 - - - -
At 31 December 2023 1,447 - - 1,447

6. STOCKS
31.12.24 31.12.23
£    £   
Work-in-progress 10,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 64,351 108,660
Other debtors 202,038 299,572
Prepayments and accrued income 360 300
266,749 408,532

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 4,667 3,661
Corporation Tax 38,205 2,102
Social security and other taxes 5,692 5,875
VAT 9,348 16,663
Other creditors 7,585 45,470
Accruals and deferred income 16,673 17,337
112,170 121,108

032 Design Consultants Limited (Registered number: 07247717)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 17,507 30,000
Bank loans - 2-5 years - 17,500
17,507 47,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

Jacob Bailey Group Limited

Intercompany


31.12.24 31.12.23
£    £   
Amount due from related party at the balance sheet date 167,458 244,687
Amounts written off during the year 70,000 -

Jacob Bailey Limited

Intercompany


31.12.24 31.12.23
£    £   
Amount due from/(to) related party at the balance sheet date 14,116 (38,256 )

Decipher Innovation Limited

Intercompany


31.12.24 31.12.23
£    £   
Amount due from related party at the balance sheet date 464 -