| Fivetwo Designs Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Other information |
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Fivetwo Designs Limited is a private company limited by shares and incorporated in England and Wales. Its company number is 08619672 and its registered office is: |
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Upper Knoll |
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North End |
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Stockbridge |
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Hampshire |
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SO20 8AN |
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| 2 |
Accounting policies |
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Basis of preparation |
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These financial statements have been prepared under the historical cost convention in accordance with FRS 102, including Section 1A Small Entities, and the Companies Act 2006. |
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Going concern |
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The director has considered the company's forecast cash requirements for at least 12 months from the date on which these financial statements are authorised. The company is supported by amounts due to the director. On that basis, the director considers it appropriate to prepare the financial statements on the going concern basis. |
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Turnover |
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Turnover represents the fair value of consideration received or receivable for goods supplied, after discounts and excluding Value Added Tax and other sales taxes. |
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Intangible fixed assets |
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Intangible assets are stated at cost less accumulated amortisation and impairment. The website is amortised at 10% per annum on a straight-line basis. |
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Tangible fixed assets |
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Tangible fixed assets are stated at cost less accumulated depreciation and impairment. Depreciation is provided at 10% straight line for the trailer and 33.33% straight line for computer equipment. |
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Stocks |
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Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, with allowance for obsolete and slow-moving items. |
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Taxation |
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Current tax is recognised at the amount expected to be paid or recovered using tax rates and laws enacted or substantively enacted at the balance sheet date. |
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| 3 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 4 |
Intangible fixed assets |
£ |
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Cost |
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At 1 January 2025 |
6,750 |
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At 31 December 2025 |
6,750 |
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Amortisation |
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At 1 January 2025 |
6,075 |
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Provided during the year |
675 |
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At 31 December 2025 |
6,750 |
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Net book value |
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At 31 December 2025 |
- |
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At 31 December 2024 |
675 |
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| 5 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
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Cost |
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At 1 January 2025 |
4,544 |
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At 31 December 2025 |
4,544 |
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Depreciation |
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At 1 January 2025 |
2,969 |
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Charge for the year |
315 |
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At 31 December 2025 |
3,284 |
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Net book value |
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At 31 December 2025 |
1,260 |
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At 31 December 2024 |
1,575 |
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| 6 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors |
- |
|
935 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors |
42,301 |
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40,567 |
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