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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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BY DESIGN (UK) LIMITED |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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FOR |
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BY DESIGN (UK) LIMITED |
BY DESIGN (UK) LIMITED (REGISTERED NUMBER: 06019413) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BY DESIGN (UK) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
44 Grand Parade |
Brighton |
East Sussex |
BN2 9QA |
BY DESIGN (UK) LIMITED (REGISTERED NUMBER: 06019413) |
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BALANCE SHEET |
31ST DECEMBER 2018 |
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2018 | 2017 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Other reserves | 8 |
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Fair value reserve | 8 |
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Retained earnings | 8 |
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( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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BY DESIGN (UK) LIMITED (REGISTERED NUMBER: 06019413) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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By Design (UK) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Fixed asset investments |
Investments are stated at fair value. |
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Financial assets with an indefinite useful life are not subject to amortisation, but are tested for impairment |
whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. An |
impairment loss is recognised for the amount by which an assets carrying amount exceeds its recoverable |
amount. |
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For investments in companies where a transaction in that investment has occurred within the past 18 months then |
the valuation on the investment is based on the latest transaction price to the signing date on the accounts. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BY DESIGN (UK) LIMITED (REGISTERED NUMBER: 06019413) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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4. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST OR VALUATION |
At 1st January 2018 |
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Disposals | ( |
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At 31st December 2018 |
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NET BOOK VALUE |
At 31st December 2018 |
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At 31st December 2017 |
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Cost or valuation at 31st December 2018 is represented by: |
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Unlisted |
investments |
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Valuation in 2012 | 5,504,606 |
Valuation in 2013 | 1,884,868 |
Valuation in 2014 | 7,656,017 |
Valuation in 2015 | (5,878,746 | ) |
Valuation in 2017 | 27,425,826 |
Valuation in 2018 | (2,101,686 | ) |
Cost | 2,374 |
34,493,259 |
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If the unlisted investments had not been revalued they would have been included at the following historical cost: |
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2018 | 2017 |
as restated |
£ | £ |
Cost | 2,374 | 2,520 |
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The directors have chosen to use the value of Made.com Ltd shares as at 31 December 2018 based on |
transactions in that company's ordinary shares during the year. All indications are that there is no subsequent |
impairment to that value. |
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The directors value the company's minority shareholding in Floorplanner BV at £50,000 based on that company's |
profitability. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
as restated |
£ | £ |
Other debtors |
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BY DESIGN (UK) LIMITED (REGISTERED NUMBER: 06019413) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
as restated |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | as restated |
£ | £ |
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Ordinary | 0.1p | 118 | 118 |
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Allotted and issued: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | as restated |
£ | £ |
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Ordinary 'A' | 0.1p | 212 | 212 |
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The company has a share option scheme under which options to subscribe for the company's ordinary shares |
have been granted to certain employees and key suppliers. |
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At 31 December 2018, 9,700 share options that had been granted were still exercisable under the scheme at |
prices between £.001 and £198.50. |
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8. | RESERVES |
Fair |
Retained | Other | value |
earnings | reserves | reserve | Totals |
£ | £ | £ | £ |
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At 1st January 2018 |
( |
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29,767,551 |
Deficit for the year | ( |
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Disposal of revalued |
investment | 2,101,687 | - | (2,101,687 | ) | - |
At 31st December 2018 |
( |
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29,735,860 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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