Dowse Design Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15491163

DOWSE DESIGN LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

DOWSE DESIGN LTD

FINANCIAL STATEMENTS

PERIOD FROM 15 FEBRUARY 2024 TO 28 FEBRUARY 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

DOWSE DESIGN LTD

OFFICERS AND PROFESSIONAL ADVISERS

Director	S Dowse

Company secretary	Edward Bettison

Registered office	168 Church Road
	Hove
	England
	BN3 2DL

Accountants	UHY Hacker Young (S.E.) Limited
	Chartered accountants
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

DOWSE DESIGN LTD

STATEMENT OF FINANCIAL POSITION

28 February 2025

	28 Feb 25
Note	£	£

Fixed assets

Tangible assets	5		430

Current assets

Stocks		25,684
Debtors	6	7,222
Cash at bank and in hand		11,527
		---------
		44,433

Creditors: amounts falling due within one year	7	83,568
		---------
Net current liabilities			39,135
			---------
Total assets less current liabilities			( 38,705)
			---------
Net liabilities			( 38,705)
			---------

Capital and reserves

Called up share capital		100
Profit and loss account		( 38,805)
		---------
Shareholders deficit		( 38,705)
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DOWSE DESIGN LTD

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 21 November 2025 , and are signed on behalf of the board by:

S Dowse
Director

Company registration number: 15491163

DOWSE DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 15 FEBRUARY 2024 TO 28 FEBRUARY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made by the directors in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Computer equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 15 February 2024	–	–	–
Additions	300	274	574
	----	----	----
At 28 February 2025	300	274	574
	----	----	----
Depreciation
At 15 February 2024	–	–	–
Charge for the period	75	69	144
	----	----	----
At 28 February 2025	75	69	144
	----	----	----
Carrying amount
At 28 February 2025	225	205	430
	----	----	----

6. Debtors

	28 Feb 25
	£
Other debtors	7,222
	-------

7. Creditors: amounts falling due within one year

	28 Feb 25
	£
Accruals and deferred income	1,000
Social security and other taxes	7,346
Director loan accounts	23,042
Other creditors	52,180
	---------
	83,568
	---------

8. Deferred tax

The total amount of unprovided deferred tax, which results from available tax losses and capital allowances is an asset of £6,329. The deferred tax asset will become recoverable when the company starts to make sufficient profits to allow the carried forward losses to be utilised.

9. Director's advances, credits and guarantees

At the year end, the company owed the director £23,042. The loan is interest free and payable on demand.