Design Corp. Ltd,Ltd - AccountsLtd - Accounts

Design Corp. Ltd,Ltd - AccountsLtd - Accounts

DESIGN CORP. LTD - Company Information

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2018-07-01 04794098 2019-06-30 04794098 2018-07-01 2019-06-30 04794098 2018-06-30 04794098 2017-07-01 2018-06-30 04794098 uk-core:WithinOneYear 2018-06-30 04794098 uk-core:WithinOneYear 2019-06-30 04794098 uk-core:ShareCapital 2019-06-30 04794098 uk-core:ShareCapital 2018-06-30 04794098 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 04794098 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 04794098 uk-bus:Director1 2018-07-01 2019-06-30 04794098 uk-core:ToolsEquipment 2018-07-01 2019-06-30 04794098 uk-core:FurnitureFittings 2018-07-01 2019-06-30 04794098 uk-core:ToolsEquipment 2018-06-30 04794098 uk-core:FurnitureFittings 2018-06-30 04794098 uk-core:FurnitureFittings 2019-06-30 04794098 uk-core:ToolsEquipment 2019-06-30 iso4217:GBP 04794098 uk-bus:AuditExempt-NoAccountantsReport 2018-07-01 2019-06-30 04794098 uk-bus:FRS102 2018-07-01 2019-06-30 04794098 uk-bus:FullAccounts 2018-07-01 2019-06-30 04794098 uk-bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30
Design Corp. Ltd
Registered Number:04794098
For the year ended 30 June 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2019
Design Corp. Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 June 2019
Design Corp. Ltd
Statement of Financial Position
Registered Number :
04794098
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
2,440
2,071
2
2,440
2,071
Current assets
Trade and other receivables
4,741
-
3
10,130
Cash and cash equivalents
22,619
22,619
14,871
Trade and other payables: amounts falling due within one
year
(15,677)
(23,135)
4
(806)
(516)
Net current liabilities
Total assets less current liabilities
1,924
1,265
1,924
Net assets
1,265
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
924
265
1,924
1,265
Shareholders' funds
For the year ended 30 June 2019 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 year ended 30 June 2019 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.
Mr Rupert Matthews Director
These financial statements were approved and authorised for issue by the Board on 30 March 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2019
Design Corp. Ltd
Notes to the Financial Statements
Statutory Information
Design Corp. Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
04794098.
Principal place of business:
34 Reynolds Road
London
SE15 3AH
Registered address:
Unit 4 woodside
Thornwood
Epping
Essex
CM16 6LJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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:
15 Reducing balance
Computer equipment
15 Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 30 June 2019
Design Corp. Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 July 2018
17,530
2,281
15,249
800
-
800
Additions
At 30 June 2019
16,049
2,281
18,330
Provision for depreciation and impairment
At 01 July 2018
15,459
1,832
13,627
Charge for year
431
68
363
At 30 June 2019
15,890
1,900
13,990
At 30 June 2019
Net book value
2,059
381
2,440
At 30 June 2018
1,622
449
2,071
3. Trade and other receivables
2018
2019
£
£
Other debtors
-
4,741
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
(1)
-
Taxation and social security
19,411
13,514
Other creditors
3,725
2,163
23,135
15,677
3 of 3