REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JULY 2022 |
|
FOR |
|
DESIGN Q HOLDING LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JULY 2022 |
|
FOR |
|
DESIGN Q HOLDING LIMITED |
DESIGN Q HOLDING LIMITED (REGISTERED NUMBER: 10704919) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 July 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
DESIGN Q HOLDING LIMITED |
|
COMPANY INFORMATION |
for the year ended 31 July 2022 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
DESIGN Q HOLDING LIMITED (REGISTERED NUMBER: 10704919) |
|
ABRIDGED BALANCE SHEET |
31 July 2022 |
|
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
|
|
|
|
|
|
|
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. |
|
|
|
|
|
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
|
|
|
|
|
|
|
DESIGN Q HOLDING LIMITED (REGISTERED NUMBER: 10704919) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 July 2022 |
|
1. | STATUTORY INFORMATION |
|
Design Q Holding Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The principal accounting policies adopted in the preparation of the financial statements are set out below. |
|
Investments in subsidiaries |
Investments in subsidiaries are measured at cost, less accumulated impairment. |
|
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. |
|
Debtors |
Short term debtors are measured at transaction price, less impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
|
Creditors |
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
DESIGN Q HOLDING LIMITED (REGISTERED NUMBER: 10704919) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 July 2022 |
|
4. | FIXED ASSET INVESTMENTS |
|
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 August 2021 |
and 31 July 2022 | 425,000 |
NET BOOK VALUE |
At 31 July 2022 | 425,000 |
At 31 July 2021 | 425,000 |
|
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
|
|
Registered office: Unit 60 The Washford Industrial Estate, Heming Road, Redditch, B98 0EA, United Kingdom |
Nature of business:
|
% |
Class of shares: | holding |
|
|
2022 | 2021 |
£ | £ |
Aggregate capital and reserves |
|
|
Profit for the year |
|
|
|
5. | CALLED UP SHARE CAPITAL |
|
2022 | 2021 |
£ | £ |
Allotted, called up and fully paid |
|
Ordinary C shares of £1 each | 170,000 | 170,000 |
Ordinary D shares of £1 each | 42,500 | 42,500 |
212,500 | 212,500 |
|
6. | RELATED PARTY DISCLOSURES |
|
At the year end, the company was owed £Nil (2021: £6,966) by Design Q Limited. |
|
Dividends of £14,000 (2021: £30,000) were voted in the year to the shareholders. The amount paid per share varied by class of share. |