Designers Anonymous Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04837033 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Designers Anonymous Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D Barber

Mr C Eager

REGISTERED OFFICE:

5th Floor

40 Mortimer Street

London

W1W 7RQ

REGISTERED NUMBER:

04837033 (England and Wales)

ACCOUNTANTS:

Chaddesley Sanford LLP

5th Floor

40 Mortimer Street

London

W1W 7RQ

FIXED ASSETS

Intangible assets

2

2,543

-

Tangible assets

3

6,997

8,428

9,540

8,428

CURRENT ASSETS

Stocks

8,000

20,000

Debtors

57,289

50,532

Prepayments and accrued income

8,067

5,345

Cash at bank

6,658

21,279

80,014

97,156

CREDITORS

Amounts falling due within one year

85,586

60,544

NET CURRENT (LIABILITIES)/ASSETS

(5,572

)

36,612

TOTAL ASSETS LESS CURRENT LIABILITIES

3,968

45,040

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

3,868

44,940

SHAREHOLDERS' FUNDS

3,968

45,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 February 2015 and were signed on its behalf by:

Mr D Barber - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,762

At 31 July 2014

2,762

AMORTISATION

Amortisation for year

219

At 31 July 2014

219

NET BOOK VALUE

At 31 July 2014

2,543

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

13,102

Additions

858

At 31 July 2014

13,960

DEPRECIATION

At 1 August 2013

4,674

Charge for year

2,289

At 31 July 2014

6,963

NET BOOK VALUE

At 31 July 2014

6,997

At 31 July 2013

8,428

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

1

100

100