Company registration number 09568429 (England and Wales)
PRACTICAL DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
PRACTICAL DESIGN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
£
£
£
£
Fixed assets
2,327
2,512
Current assets
127,664
59,146
Prepayments and accrued income
853
Creditors: amounts falling due within one year
(65,174)
(34,499)
Net current assets
62,490
25,500
Total assets less current liabilities
64,817
28,012
Creditors: amounts falling due after more than one year
(34,409)
(31,414)
Net assets/(liabilities)
30,408
(3,402)
Capital and reserves
30,408
(3,402)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
At the year end, a director owed the company £94,423 (2021: £44,378).
£51,860 (2021: £26,885) was advanced during the year and £1,815 (2021: £17,575) was repaid during the year.
Interest is charged on this loan.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2022
2021
Number
Number
Employees
1
1
Practical Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Lodge, Glascoed Road, Bwlchgwyn, Wrexham, LL11 5YG.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
PRACTICAL DESIGN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 6 October 2025
J Irving
Director
Company registration number 09568429 (England and Wales)