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Company Registration No. 12935840 (England and Wales)
Cly Design Ltd Unaudited accounts for the year ended 31 October 2024
Cly Design Ltd Unaudited accounts Contents
Page
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Cly Design Ltd Company Information for the year ended 31 October 2024
Director
Chrissy Yeonsoo Yu
Company Number
12935840 (England and Wales)
Registered Office
164 WEST HENDON BROADWAY LONDON NW9 7AA
Accountants
Yahya & Co Accountants Ltd T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA
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Cly Design Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,951 
8,477 
Current assets
Debtors
5,612 
- 
Cash at bank and in hand
5,661 
41,913 
11,273 
41,913 
Creditors: amounts falling due within one year
(16,626)
(15,961)
Net current (liabilities)/assets
(5,353)
25,952 
Net assets
1,598 
34,429 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,498 
34,329 
Shareholders' funds
1,598 
34,429 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2025 and were signed on its behalf by
Chrissy Yeonsoo Yu Director Company Registration No. 12935840
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Cly Design Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Cly Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 12935840. The registered office is 164 WEST HENDON BROADWAY, LONDON, NW9 7AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance Method
Computer equipment
18% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
6,283 
7,747 
14,030 
At 31 October 2024
6,283 
7,747 
14,030 
Depreciation
At 1 November 2023
2,819 
2,734 
5,553 
Charge for the year
624 
902 
1,526 
At 31 October 2024
3,443 
3,636 
7,079 
Net book value
At 31 October 2024
2,840 
4,111 
6,951 
At 31 October 2023
3,464 
5,013 
8,477 
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Cly Design Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,612 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,147 
5,854 
Trade creditors
(2,820)
435 
Taxes and social security
- 
218 
Loans from directors
16,299 
9,454 
16,626 
15,961 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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