Design Corp. Ltd,Ltd - AccountsLtd - Accounts

Design Corp. Ltd,Ltd - AccountsLtd - Accounts

DESIGN CORP. LTD - Company Information

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2019-07-01 04794098 2020-06-30 04794098 2019-07-01 2020-06-30 04794098 2019-06-30 04794098 2018-07-01 2019-06-30 04794098 uk-core:WithinOneYear 2019-06-30 04794098 uk-core:WithinOneYear 2020-06-30 04794098 uk-core:ShareCapital 2020-06-30 04794098 uk-core:ShareCapital 2019-06-30 04794098 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 04794098 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 04794098 uk-bus:Director1 2019-07-01 2020-06-30 04794098 uk-core:ToolsEquipment 2019-07-01 2020-06-30 04794098 uk-core:FurnitureFittings 2019-07-01 2020-06-30 04794098 uk-core:ToolsEquipment 2019-06-30 04794098 uk-core:FurnitureFittings 2019-06-30 04794098 uk-core:FurnitureFittings 2020-06-30 04794098 uk-core:ToolsEquipment 2020-06-30 iso4217:GBP xbrli:pure 04794098 uk-bus:AuditExempt-NoAccountantsReport 2019-07-01 2020-06-30 04794098 uk-bus:FRS102 2019-07-01 2020-06-30 04794098 uk-bus:FullAccounts 2019-07-01 2020-06-30 04794098 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
Design Corp. Ltd
Registered Number:04794098
For the year ended 30 June 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2020
Design Corp. Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04794098
As at 30 June 2020
Design Corp. Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
2,074
2,440
2
2,074
2,440
Current assets
22,619
Cash and cash equivalents
19,705
19,705
22,619
Trade and other payables: amounts falling due within one
year
(23,135)
(17,320)
3
(516)
2,385
Net current assets
Total assets less current liabilities
4,459
1,924
4,459
Net assets
1,924
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
3,459
924
4,459
1,924
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 27 August 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2020
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.
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5
For the year ended 30 June 2020
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 2019
18,330
2,281
16,049
At 30 June 2020
16,049
2,281
18,330
Provision for depreciation and impairment
At 01 July 2019
15,890
1,900
13,990
Charge for year
366
57
309
At 30 June 2020
16,256
1,957
14,299
At 30 June 2020
Net book value
1,750
324
2,074
At 30 June 2019
2,059
381
2,440
3. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
(1)
(1)
Taxation and social security
11,445
19,411
Other creditors
5,876
3,725
17,320
23,135
4. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
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