REGISTERED NUMBER: 10720134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

989 DESIGN LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P G Benewith

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

10720134 (England and Wales)

FIXED ASSETS

Tangible assets

4

75,556

25,321

CURRENT ASSETS

Debtors

140,627

103,783

Cash at bank

56,046

27,468

196,673

131,251

CREDITORS

Amounts falling due within one year

156,646

93,375

NET CURRENT ASSETS

40,027

37,876

TOTAL ASSETS LESS CURRENT LIABILITIES

115,583

63,197

CREDITORS

Amounts falling due after more than one year

(7,206

)

(28,750

)

PROVISIONS FOR LIABILITIES

(18,290

)

(6,052

)

NET ASSETS

90,087

28,395

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

90,086

28,394

SHAREHOLDERS' FUNDS

90,087

28,395

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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2025 and were signed by:

P G Benewith - Director

1.	STATUTORY INFORMATION

989 Design 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

The financial statements have been prepared in accordance with the provisions of Section 1A ‘’Smaller Entities’’ of Financial Reporting Standard 102 ‘’The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of design services & construction site hoarding services, excluding value added tax, performed during the year. Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% reducing balance

Computer equipment

-

33.33% on cost

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

38,960

Additions

56,916

At 31 December 2024

95,876

DEPRECIATION

At 1 January 2024

13,639

Charge for year

6,681

At 31 December 2024

20,320

NET BOOK VALUE

At 31 December 2024

75,556

At 31 December 2023

25,321

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

27,040

DEPRECIATION

At 1 January 2024

7,198

Charge for year

3,968

At 31 December 2024

11,166

NET BOOK VALUE

At 31 December 2024

15,874

At 31 December 2023

19,842

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

3,309

3,309

Between one and five years

2,206

5,515

5,515

8,824

Non-cancellable

operating leases

2024

2023

£

£

Within one year

4,836

4,836

Between one and five years

8,865

13,701

13,701

18,537