Registered Number
:
12720201
|
For the period ended 31 July 2021
England and Wales
Unaudited Financial Statements
For the period ended 31 July 2021
The Design Concept Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
The Design Concept Ltd
Statement of Financial Position
2021
Property
,
plant and equipment
|
1,215
2
1,215
4,500
3
Cash and cash equivalents
|
22,172
26,672
Trade and other payables
:
amounts falling due within one
|
year
|
(23,587)
4
3,085
Net current assets
Total assets less current liabilities
|
4,300
(231)
Provisions for liabilities
|
4,069
Net assets/liabilities
1
4,068
4,069
Shareholders' funds
For the period ended 31 July 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 25 January 2022 and were signed by:
|
The notes form part of these financial statements
|
1 of 3
For the period ended 31 July 2021
The Design Concept Ltd
Notes to the Financial Statements
Statutory Information
The Design Concept Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
12720201
.
|
99 Adela Avenue
New Malden
Surrey
England
KT3 6LG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2
.
Property
,
plant and equipment
|
1,621
1,621
Provision for depreciation and impairment
|
Charge for period
406
406
1,215
2 of 3
For the period ended 31 July 2021
The Design Concept Ltd
Notes to the Financial Statements Continued
2021
4,500
Work in progress
4
.
Trade and other payables
:
amounts falling due within one year
|
2021
Taxation and social security
|
7,827
Accruals and deferred income
|
83
Directors
'
loan accounts
|
14,556
1,121
23,587
5
.
Related party transactions
|
At the balance sheet date
,
the director was owed £
14
,
556
by the company
.
The loan is interest free and repayable
|
on demand
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 1
3 of 3