Feedme Design Ltd - Accounts

Feedme Design Ltd - Accounts

FEEDME DESIGN LTD - Company Information

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Registered Number: 08336693
England and Wales

 

 

 

FEEDME DESIGN LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

Feedme Design Ltd
Contents Page
For the year ended 31 December 2022
Director Ian Roger Wilmer
Registered Number 08336693
Registered Office 48 Lansdowne Avenue
Orpington
Kent
BR6 8JU
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 December 2022.
Principal activities
The principal activity of the company during the financial year was of motion graphics and digital design services.
Director
The director who served the company throughout the year was as follows:
Ian Roger Wilmer
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Ian Roger Wilmer
Director

Date approved: 06 September 2023
2
Report to the director on the preparation of the unaudited statutory accounts of Feedme Design Ltd for the year ended 31 December 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Feedme Design Ltd for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Feedme Design Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Feedme Design Ltd and state those matters that we have agreed to state to the Board of Directors of Feedme Design Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Feedme Design Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Feedme Design Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Feedme Design Ltd.You consider that Feedme Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Feedme Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 December 2022.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
06 September 2023
3
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 5,698    1,683 
5,698    1,683 
Current assets      
Debtors 4 3,650    16,150 
Cash at bank and in hand 1,970    160 
5,620    16,310 
Creditors: amount falling due within one year 5 (5,051)   (9,879)
Net current assets 569    6,431 
 
Total assets less current liabilities 6,267    8,114 
Creditors: amount falling due after more than one year 6 (6,000)   (7,986)
Net assets 267    128 
 

Capital and reserves 		     
Called up share capital 7 100    100 
Profit and loss account 167    28 
Shareholder's funds 267    128 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 06 September 2023 and were signed by:


-------------------------------
Ian Roger Wilmer
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2021 100  (57) 43 
Profit for the year 18,085  18,085 
Total comprehensive income for the year -  18,085  18,085 
Dividends (18,000) (18,000)
Total investments by and distributions to owners -  (18,000) (18,000)
At 31 December 2021 100  28  128 
At 01 January 2022 100  28  128 
Profit for the year 9,639  9,639 
Total comprehensive income for the year -  9,639  9,639 
Dividends (9,500) (9,500)
Total investments by and distributions to owners -  (9,500) (9,500)
At 31 December 2022 100  167  267 
5
General Information
Feedme Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 08336693, registration address 48 Lansdowne Avenue, Orpington, Kent, BR6 8JU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
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:
Office Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Office Equipment   Total
  £   £
At 01 January 2022 11,163    11,163 
Additions 7,598    7,598 
Disposals -    - 
At 31 December 2022 18,761    18,761 
Depreciation
At 01 January 2022 9,480    9,480 
Charge for year 3,583    3,583 
On disposals -    - 
At 31 December 2022 13,063    13,063 
Net book values
Closing balance as at 31 December 2022 5,698    5,698 
Opening balance as at 01 January 2022 1,683    1,683 


4.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 3,650    16,150 
3,650    16,150 

5.

Creditors: amount falling due within one year

2022
£		   2021
£
Bank Loans & Overdrafts 542    2,167 
Bounce Back Loan 1,500    1,597 
Corporation Tax 1,319    4,637 
Other Creditors 1,607    1,469 
Directors Current Account 83    9 
5,051    9,879 

6.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bounce Back Loan 6,000    7,986 
6,000    7,986 

7.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

6