Registered number
13665720
CB DESIGN LONDON LTD
Filleted Accounts
31 October 2024
CB DESIGN LONDON LTD
Registered number: 13665720
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,189 -
Tangible assets 4 4,816 -
9,005 -
Current assets
Stocks 4,654 -
Cash at bank and in hand 14 14,846
4,668 14,846
Creditors: amounts falling due within one year 5 (2,770) (6,335)
Net current assets 1,898 8,511
Net assets 10,903 8,511
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,803 8,411
Shareholder's funds 10,903 8,511
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R E C Finch
Director
Approved by the board on 24 July 2025
CB DESIGN LONDON LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Pattern rights over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Website:
Cost
Additions 5,000
At 31 October 2024 5,000
Amortisation
Provided during the year 811
At 31 October 2024 811
Net book value
At 31 October 2024 4,189
Website is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Pattern rights
£
Cost
Additions 6,020
At 31 October 2024 6,020
Depreciation
Charge for the year 1,204
At 31 October 2024 1,204
Net book value
At 31 October 2024 4,816
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 624 3,600
Taxation and social security costs 604 1,973
Other creditors 1,542 762
2,770 6,335
6 Other information
CB DESIGN LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Stevenage Road
Hitchin
DG4 9DH
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