Company Registration No. 04593358 (England and Wales)
The Design Exchange (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
The Design Exchange (UK) Limited
Unaudited accounts
Contents
The Design Exchange (UK) Limited
Company Information
for the year ended 31 December 2024
Company Number
04593358 (England and Wales)
Registered Office
First Floor
35 Brook Street
Ilkley
West Yorkshire
LS29 8AG
England
The Design Exchange (UK) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
30,193
35,864
Cash at bank and in hand
20,172
7,650
Creditors: amounts falling due within one year
(5,433)
29,730
Net current assets
63,101
74,426
Called up share capital
1
1
Profit and loss account
93,293
110,289
Shareholders' funds
93,294
110,290
For the year ending 31 December 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 his 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 4 June 2025 and were signed on its behalf by
Mr RE Carr
Director
Company Registration No. 04593358
The Design Exchange (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
The Design Exchange (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04593358. The registered office is First Floor, 35 Brook Street, Ilkley, West Yorkshire, LS29 8AG, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% on Cost
The Design Exchange (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
5,115
34,232
5,489
9,511
54,347
Additions
-
1,308
849
1,571
3,728
At 31 December 2024
5,115
35,540
6,338
11,082
58,075
At 1 January 2024
4,436
-
4,536
9,511
18,483
Charge for the year
170
8,885
344
-
9,399
At 31 December 2024
4,606
8,885
4,880
9,511
27,882
At 31 December 2024
509
26,655
1,458
1,571
30,193
At 31 December 2023
679
34,232
953
-
35,864
Amounts falling due within one year
Trade debtors
32,412
21,096
Accrued income and prepayments
15,950
15,950
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,764
3,783
Taxes and social security
23,714
6,805
Loans from directors
(26,045)
(40,318)
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).