Company Registration No. 04821646 (England and Wales)
Design Product-Seed Limited
Unaudited accounts
for the year ended 31 July 2020
Design Product-Seed Limited
Unaudited accounts
Contents
Design Product-Seed Limited
Company Information
for the year ended 31 July 2020
Company Number
04821646 (England and Wales)
Registered Office
343 CITY ROAD
LONDON
EC1V 1LR
Accountants
Accountancy SOS
21 Gorsehill Road
Poole,
DORSET
BH15 3QH
Design Product-Seed Limited
Statement of financial position
as at 31 July 2020
Cash at bank and in hand
21,399
23,062
Creditors: amounts falling due within one year
(32,721)
(35,766)
Net current liabilities
(10,122)
(9,704)
Net liabilities
(10,122)
(9,704)
Called up share capital
100
100
Profit and loss account
(10,222)
(9,804)
Shareholders' funds
(10,122)
(9,704)
For the year ending 31 July 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 23 March 2021 and were signed on its behalf by
JOSE LUIS SUAREZ
Director
Company Registration No. 04821646
Design Product-Seed Limited
Notes to the Accounts
for the year ended 31 July 2020
Design Product-Seed Limited is a private company, limited by shares, registered in England and Wales, registration number 04821646. The registered office is 343 CITY ROAD, LONDON, EC1V 1LR.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Furniture, Tools and equipment 20% per annum straight line
Computer equipment
Computer Equipment - 25% per annum straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2019
14,316
3,523
17,839
At 31 July 2020
14,316
3,523
17,839
At 1 August 2019
14,316
3,523
17,839
At 31 July 2020
14,316
3,523
17,839
Design Product-Seed Limited
Notes to the Accounts
for the year ended 31 July 2020
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
32,000
34,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).
