Distinctive Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02963125 (England and Wales)

Distinctive Developments Limited

Unaudited Financial Statements For The Year Ended 31 August 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N R Little

SECRETARY:

M Little

REGISTERED OFFICE:

Fountain Precinct

4th Floor Leopold Wing

Balm Green

Sheffield

S1 2JA

REGISTERED NUMBER:

02963125 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

FIXED ASSETS

Tangible assets

4

17,080

23,167

CURRENT ASSETS

Debtors

129,636

103,760

Cash at bank

521,977

413,456

651,613

517,216

CREDITORS

Amounts falling due within one year

73,630

77,935

NET CURRENT ASSETS

577,983

439,281

TOTAL ASSETS LESS CURRENT LIABILITIES

595,063

462,448

PROVISIONS FOR LIABILITIES

3,100

-

NET ASSETS

591,963

462,448

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

591,863

462,348

SHAREHOLDERS' FUNDS

591,963

462,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 24 May 2022 and were signed by:

N R Little - Director

1.	STATUTORY INFORMATION

Distinctive Developments 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currency

Transactions in foreign currency are converted at the rate applicable to each transaction on its immediate conversion into sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2020 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

55,102

Additions

6,876

Disposals

(6,759

)

At 31 August 2021

55,219

DEPRECIATION

At 1 September 2020

31,935

Charge for year

12,076

Eliminated on disposal

(5,872

)

At 31 August 2021

38,139

NET BOOK VALUE

At 31 August 2021

17,080

At 31 August 2020

23,167

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

6.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under a non cancellable operating lease in respect of a property it occupies totalling £27,306 (2020: £39,558). The annual payable commitment is £27,306.

7.	RELATED PARTY DISCLOSURES