Abbreviated Company Accounts - DESIGN STUDY LIMITED

DESIGN STUDY LIMITED - Company Information

01239653 DESIGN STUDY LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 01239653 2015-01-01 2015-12-31 01239653 2015-12-31 01239653 2014-12-31 01239653 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 01239653 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 01239653

DESIGN STUDY LIMITED

Abbreviated Accounts

31 December 2015

DESIGN STUDY LIMITED Registered Number 01239653

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,655	3,540
		2,655	3,540
Current assets
Debtors		9,829	7,529
Cash at bank and in hand		12,146	12,185
		21,975	19,714
Creditors: amounts falling due within one year		(21,458)	(20,571)
Net current assets (liabilities)		517	(857)
Total assets less current liabilities		3,172	2,683
Provisions for liabilities		(531)	(708)
Total net assets (liabilities)		2,641	1,975
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		1,641	975
Shareholders' funds		2,641	1,975

For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 September 2016

And signed on their behalf by:
G.H.C. HALLSON, Director

DESIGN STUDY LIMITED Registered Number 01239653

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment - 22% on written down value

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 January 2015	77,827
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	77,827
Depreciation
At 1 January 2015	74,287
Charge for the year	885
On disposals	-
At 31 December 2015	75,172
Net book values
At 31 December 2015	2,655
At 31 December 2014	3,540

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000