REGISTERED NUMBER: 03859547 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DESIGN SOLUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Barber

Miss K E J Sinclair

O Sale

K Brown

SECRETARY:

S J Barber

REGISTERED OFFICE:

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

03859547 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 3HD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,668

13,922

11,668

13,922

CURRENT ASSETS

Debtors

6

24,805

4,851

Investments

7

559,285

549,409

Cash at bank

56,323

52,107

640,413

606,367

CREDITORS

Amounts falling due within one year

8

(111,734

)

(11,877

)

NET CURRENT ASSETS

528,679

594,490

TOTAL ASSETS LESS CURRENT LIABILITIES

540,347

608,412

PROVISIONS FOR LIABILITIES

(2,217

)

(2,645

)

NET ASSETS

538,130

605,767

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

537,830

605,467

SHAREHOLDERS' FUNDS

538,130

605,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

S J Barber - Director

1.	STATUTORY INFORMATION

Design Solution 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

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

7,500

AMORTISATION

At 1 February 2024

and 31 January 2025

7,500

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

103,437

DEPRECIATION

At 1 February 2024

89,515

Charge for year

2,254

At 31 January 2025

91,769

NET BOOK VALUE

At 31 January 2025

11,668

At 31 January 2024

13,922

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

9,839

4,851

Other debtors

14,966

-

24,805

4,851

7.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

£

Unlisted investments

559,285

549,409

The company holds an investment portfolio under the management of Hargreaves Lansdown (HLAM).

The market value of this investment as at the 31 January 2025 was £772,797 [2024 - £701,860).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

109,332

2,503

Taxation and social security

1,555

6,264

Other creditors

847

3,110

111,734

11,877

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Barber.

The ultimate controlling party is S J Barber.

The company was under the control of the director Mr S J Barber has majority holder of the share capital of the company throughout the year.

The company also operates a loan account with the directors and as at the 31 January 2025 the balance was correctly stated at £847.