Company Registration No. 08651477 (England and Wales)
Design for Digital Limited
Unaudited accounts
for the year ended 31 August 2020
Design for Digital Limited
Unaudited accounts
Contents
Design for Digital Limited
Company Information
for the year ended 31 August 2020
Company Number
08651477 (England and Wales)
Registered Office
THE GUILD
HIGH STREET
BATH
BA1 5EB
Accountants
Mutu Accountancy Ltd
7 Chelsea Road
Bath
BA1 3DU
Design for Digital Limited
Statement of financial position
as at 31 August 2020
Tangible assets
3,950
2,929
Cash at bank and in hand
61,855
64,082
Creditors: amounts falling due within one year
(24,976)
(25,755)
Net current assets
53,115
46,349
Total assets less current liabilities
57,065
49,278
Provisions for liabilities
Called up share capital
120
120
Profit and loss account
56,240
48,629
Shareholders' funds
56,360
48,749
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 3 December 2020 and were signed on its behalf by
L J Tilley
Director
Company Registration No. 08651477
Design for Digital Limited
Notes to the Accounts
for the year ended 31 August 2020
Design for Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 08651477. The registered office is THE GUILD, HIGH STREET, BATH, BA1 5EB.
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.
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:
Land & buildings
Over 10 years straight line
Fixtures & fittings
15% reducing balance
Computer equipment
Over 3 years straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2019
2,800
195
5,964
8,959
At 31 August 2020
2,800
195
8,200
11,195
At 1 September 2019
429
139
5,462
6,030
Charge for the year
280
8
927
1,215
At 31 August 2020
709
147
6,389
7,245
At 31 August 2020
2,091
48
1,811
3,950
At 31 August 2019
2,371
56
502
2,929
Trade debtors
16,236
8,022
Design for Digital Limited
Notes to the Accounts
for the year ended 31 August 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
16,472
17,141
Loans from directors
1,187
1,304
7
Average number of employees
During the year the average number of employees was 2 (2019: 2).
