REGISTERED NUMBER: 09512132 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Design Art Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G F Thompson

REGISTERED OFFICE:

Parkgate House

33a Pratt Street

London

NW1 0BG

REGISTERED NUMBER:

09512132 (England and Wales)

ACCOUNTANTS:

Creasey Alexander & Co

Chartered Accountants

Parkgate House

33a Pratt Street

London

NW1 0BG

FIXED ASSETS

Tangible assets

4

975

1,946

Investments

5

15,861

15,861

16,836

17,807

CURRENT ASSETS

Debtors

6

33,000

18,750

Cash at bank

9,312

51,391

42,312

70,141

CREDITORS

Amounts falling due within one year

7

52,097

71,652

NET CURRENT LIABILITIES

(9,785

)

(1,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,051

16,296

CREDITORS

Amounts falling due after more than one year

8

6,789

16,027

NET ASSETS

262

269

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

162

169

SHAREHOLDERS' FUNDS

262

269

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

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

The director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

G F Thompson - Director

1.	STATUTORY INFORMATION

Design Art Ltd. 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.

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

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

6,517

DEPRECIATION

At 1 April 2024

4,571

Charge for year

971

At 31 March 2025

5,542

NET BOOK VALUE

At 31 March 2025

975

At 31 March 2024

1,946

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

15,861

NET BOOK VALUE

At 31 March 2025

15,861

At 31 March 2024

15,861

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by associates

33,000

18,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,488

9,466

Taxation and social security

3,957

16,260

Other creditors

38,652

45,926

52,097

71,652

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,789

16,027