Company Registration No. 10445728 (England and Wales)
Design Plus London Ltd
Unaudited accounts
for the year ended 31 December 2020
Design Plus London Ltd
Unaudited accounts
Contents
Design Plus London Ltd
Company Information
for the year ended 31 December 2020
Directors
Tomasz Replinski
David Rapazzini
Secretary
Tomasz Replinski
Company Number
10445728 (England and Wales)
Registered Office
22 North End Parade
London
W14 0SJ
United Kingdom
Accountants
Urvashi Shah
3E'S Accountants Ltd
231 Kenton Road
Harrow
Middlesex
HA3 0HD
Design Plus London Ltd
Statement of financial position
as at
31 December 2020
Tangible assets
25,606
35,476
Cash at bank and in hand
304,288
67,312
Creditors: amounts falling due within one year
(336,112)
(130,055)
Net current liabilities
(8,984)
(29,243)
Total assets less current liabilities
16,622
6,233
Creditors: amounts falling due after more than one year
(8,000)
(8,000)
Provisions for liabilities
Net assets/(liabilities)
3,757
(1,767)
Called up share capital
2
2
Profit and loss account
3,755
(1,769)
Shareholders' funds
3,757
(1,767)
For the year ending 31 December 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2021 and were signed on its behalf by
David Rapazzini
Director
Company Registration No. 10445728
Design Plus London Ltd
Notes to the Accounts
for the year ended 31 December 2020
Design Plus London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10445728. The registered office is 22 North End Parade , London, W14 0SJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line Method
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Design Plus London Ltd
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
24,848
30,140
2,255
57,243
Additions
-
-
2,416
2,416
Disposals
-
(1,755)
-
(1,755)
At 31 December 2020
24,848
28,385
4,671
57,904
At 1 January 2020
4,141
17,250
376
21,767
Charge for the year
4,970
4,627
934
10,531
At 31 December 2020
9,111
21,877
1,310
32,298
At 31 December 2020
15,737
6,508
3,361
25,606
At 31 December 2019
20,707
12,890
1,879
35,476
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
17,500
33,500
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
12,724
-
Proposed dividends
50,000
-
Other creditors
8,816
41,000
Loans from directors
1,349
1,240
Deferred income
219,960
79,102
Other creditors of £8,816 include £540 for the interest payable on secured liabilities (Debenture) @ 5% and £5,000 payable to Director - Mr. David Rapazinni for capital introduction made during the year end December 2018. No interest is payable on same.
During the year all the outstanding secured liabilities has been paid.
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
8,000
8,000
Other creditors of £8,000 is the provision made for uncertain expenses which is brought forward from previous year and carried forward in next year.
Design Plus London Ltd
Notes to the Accounts
for the year ended 31 December 2020
8
Deferred taxation
2020
2019
Accelerated capital allowances
4,865
-
Charged to the profit and loss account
4,865
-
Provision at end of year
4,865
-
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).