Design House Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00977923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2018

FOR

DESIGN HOUSE CONSULTANTS LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mrs L J Dobie

SECRETARY:

P T Dobie

REGISTERED OFFICE:

7-15 Roseberry Avenue

London

EC1R 4SP

REGISTERED NUMBER:

00977923 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that

the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2018 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

21st May 2019

FIXED ASSETS

Tangible assets

4

1,631

-

CURRENT ASSETS

Debtors

5

420,464

391,212

Cash at bank

2,648

89

423,112

391,301

CREDITORS

Amounts falling due within one year

6

(223,202

)

(277,034

)

NET CURRENT ASSETS

199,910

114,267

TOTAL ASSETS LESS CURRENT LIABILITIES

201,541

114,267

CAPITAL AND RESERVES

Called up share capital

9,048

9,048

Share premium

17,312

17,312

Capital redemption reserve

822

822

Retained earnings

174,359

87,085

201,541

114,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21st May 2019 and were signed by:

Mrs L J Dobie - Director

1.	STATUTORY INFORMATION

Design House Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts recoverable for the services provided to clients under their contractual obligations.

Turnover is recognised by using the percentage of completion method of accounting for ongoing contracts. The percentage of

completion used to determine the level of turnover recognised is based on the lower of two metrics applied to each individual contract;

the direct labour cost to date as a percentage of the total expected direct labour cost, or the weighted average percentage complete,

calculated as the direct labour cost to date as a percentage of the total expected direct labour cost by work stage.

Amounts invoiced in excess of income recognised are included within deferred income. Income recognised in excess of amounts

invoiced is included within amounts recoverable on contracts.

When the contractual fee is agreed on an hourly rate basis, where fees earned ae directly attributed to expended hours, turnover is

recognised when the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

Going concern

The director has agreed to support the company and in his opinion the company will be trading for at least 12 months from the date

when this report is signed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st October 2017

127,565

194,802

322,367

Additions

-

2,175

2,175

At 30th September 2018

127,565

196,977

324,542

DEPRECIATION

At 1st October 2017

127,565

194,802

322,367

Charge for year

-

544

544

At 30th September 2018

127,565

195,346

322,911

NET BOOK VALUE

At 30th September 2018

-

1,631

1,631

At 30th September 2017

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

142,457

105,548

Other debtors

278,007

285,664

420,464

391,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts

39,998

41,956

Trade creditors

36,419

72,988

Taxation and social security

119,461

132,037

Other creditors

27,324

30,053

223,202

277,034

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2018 and 30th September 2017:

30.9.18

30.9.17

£

£

Mrs L J Dobie

Balance outstanding at start of year

155,838

137,764

Amounts advanced

-

18,074

Amounts repaid

(10,764

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,074

155,838

The loan has an interest charge of 3% and is repayable on demand.