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Company Registration No. 05998066 (England and Wales)
Design Difference Limited Unaudited accounts for the year ended 28 February 2025
Design Difference Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Design Difference Limited Company Information for the year ended 28 February 2025
Director
A J Deverill
Company Number
05998066 (England and Wales)
Registered Office
Clock Barn Little Baldon Oxford OX44 9PU
Accountants
MJ Bookkeeping Services Limited Unit 6 The Courtyard Milton Road Aylesbury Buckinghamshire HP21 7LZ
- 3 -
Design Difference Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,103
22,095
Current assets
Inventories
5
138,972
164,055
Debtors
6
309,091
180,196
Cash at bank and in hand
12,825
175,082
460,888
519,333
Creditors: amounts falling due within one year
7
(417,436)
(398,432)
Net current assets
43,452
120,901
Total assets less current liabilities
69,555
142,996
Creditors: amounts falling due after more than one year
8
(2,500)
(12,500)
Net assets
67,055
130,496
Capital and reserves
Called up share capital
2
2
Profit and loss account
67,053
130,494
Shareholders' funds
67,055
130,496
For the year ending 28 February 2025 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 18 November 2025 and were signed on its behalf by
A J Deverill Director Company Registration No. 05998066
- 4 -
Design Difference Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Design Difference Limited is a private company, limited by shares, registered in England and Wales, registration number 05998066. The registered office is Clock Barn, Little Baldon, Oxford, OX44 9PU.
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
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.
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.
Turnover
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.
Work in progress
Work in progress have been valued at cost including overhead expenses plus the proportion of attributable profit, estimated to be earned to the balance sheet date based on the stage of completion.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Design Difference Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
8,999
8,797
22,476
40,272
Additions
-
8,278
4,568
12,846
Disposals
-
(3,119)
(2,555)
(5,674)
At 28 February 2025
8,999
13,956
24,489
47,444
Depreciation
At 1 March 2024
5,203
3,188
9,786
18,177
Charge for the year
949
1,877
4,209
7,035
On disposals
-
(1,755)
(2,116)
(3,871)
At 28 February 2025
6,152
3,310
11,879
21,341
Net book value
At 28 February 2025
2,847
10,646
12,610
26,103
At 29 February 2024
3,796
5,609
12,690
22,095
5
Inventories
2025
2024
£
£
Work in progress
138,972
164,055
138,972
164,055
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
173,163
92,864
Other debtors
135,928
87,332
309,091
180,196
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
VAT
36,597
126,033
Trade creditors
346,227
186,972
Taxes and social security
8,244
36,565
Other creditors
12,368
34,862
Accruals
4,000
4,000
417,436
398,432
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,500
12,500
- 6 -
Design Difference Limited Notes to the Accounts for the year ended 28 February 2025
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 7 -