Classic Lines Design Ltd - Accounts to registrar (filleted) - small 23.2.5

Classic Lines Design Ltd - Accounts to registrar (filleted) - small 23.2.5

CLASSIC LINES DESIGN LTD - Company Information

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REGISTERED NUMBER: 05150346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Classic Lines Design Ltd
Classic Lines Design Ltd (Registered number: 05150346)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Classic Lines Design Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: B A McMahon
Mrs E McMahon





REGISTERED OFFICE: The Pixel Palace
9A Pikes Pool Lane
Burcot
Bromsgrove
B60 1LJ





REGISTERED NUMBER: 05150346 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST
Page 1
Classic Lines Design Ltd (Registered number: 05150346)

Abridged Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,273 19,761
15,273 19,761

CURRENT ASSETS
Debtors 14,907 18,877
Cash at bank 15,864 54,388
30,771 73,265
CREDITORS
Amounts falling due within one year 17,458 68,289
NET CURRENT ASSETS 13,313 4,976
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,586
24,737

PROVISIONS FOR LIABILITIES 2,902 3,072
NET ASSETS 25,684 21,665

CAPITAL AND RESERVES
Called up share capital 6 102 102
Retained earnings 25,582 21,563
SHAREHOLDERS' FUNDS 25,684 21,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Classic Lines Design Ltd (Registered number: 05150346)

Abridged Statement of Financial Position - continued
31 August 2023


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 Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2023 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 Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





B A McMahon - Director


The notes form part of these financial statements

Page 3
Classic Lines Design Ltd (Registered number: 05150346)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Classic Lines Design Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Page 4 continued...
Classic Lines Design Ltd (Registered number: 05150346)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 100,000
AMORTISATION
At 1 September 2022
and 31 August 2023 100,000
NET BOOK VALUE

At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 86,551
Additions 603
At 31 August 2023 87,154
DEPRECIATION
At 1 September 2022 66,790
Charge for year 5,091
At 31 August 2023 71,881
NET BOOK VALUE
At 31 August 2023 15,273
At 31 August 2022 19,761

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100
1 Preference A £1 1 1
1 Preference B £1 1 1
102 102

7. ULTIMATE CONTROLLING PARTY

The controlling parties during the year under review were the directors by virtue of their 100% holding of the issued share capital.

Page 5