Design Syntax Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05139223 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2019

FOR

DESIGN SYNTAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Gakhal

REGISTERED OFFICE:

38 Barnfordhill Close

Oldbury

West Midlands

B68 8ES

REGISTERED NUMBER:

05139223 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,560

1,950

CURRENT ASSETS

Debtors

5

16,294

14,403

Cash at bank

8,508

9,057

24,802

23,460

CREDITORS

Amounts falling due within one year

6

6,901

8,711

NET CURRENT ASSETS

17,901

14,749

TOTAL ASSETS LESS CURRENT LIABILITIES

19,461

16,699

PROVISIONS FOR LIABILITIES

-

371

NET ASSETS

19,461

16,328

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

19,361

16,228

SHAREHOLDERS' FUNDS

19,461

16,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 February 2020 and were signed by:

J S Gakhal - Director

1.	STATUTORY INFORMATION

Design Syntax 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2018

and 31 May 2019

2,843

DEPRECIATION

At 1 June 2018

893

Charge for year

390

At 31 May 2019

1,283

NET BOOK VALUE

At 31 May 2019

1,560

At 31 May 2018

1,950

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

16,294

14,234

Prepayments

-

169

16,294

14,403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

4,201

1,293

Tax

1,479

2,373

Social security and other taxes

371

-

Directors' current accounts

-

4,195

Accruals and deferred income

850

850

6,901

8,711

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,500 were paid to the director .

As at the year end no amount was owed to/from the directors in respect of directors loan by the company.

During the year the company paid £11,400 (2018 - £11,400) to the director in respect of director remuneration.