Design-A-Party Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07847755 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

DESIGN-A-PARTY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Sandra Joy Smith

SECRETARY:

Mr Paul Andrew Smith

REGISTERED OFFICE:

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

REGISTERED NUMBER:

07847755 (England and Wales)

ACCOUNTANTS:

Leggate Associates Limited

Chartered Accountants

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

CURRENT ASSETS

Debtors

5

1,453

-

Cash at bank

17,844

4,912

19,297

4,912

CREDITORS

Amounts falling due within one year

6

19,190

5,185

NET CURRENT ASSETS/(LIABILITIES)

107

(273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

107

(273

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

7

(373

)

SHAREHOLDERS' FUNDS

107

(273

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 September 2017 and were signed by:

Mrs Sandra Joy Smith - Director

1.	STATUTORY INFORMATION

Design-A-Party 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis as the directors consider that there are sufficient

external funds available to the company to recommence trading. The directors anticipate that the company

will report a profit in the year to 31 March 2017.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

10,000

Disposals

(10,000

)

At 31 March 2017

-

AMORTISATION

At 1 April 2016

10,000

Eliminated on disposal

(10,000

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

1,078

-

Other debtors

375

-

1,453

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Payments on account

7,114

-

Trade creditors

589

-

Taxation and social security

1,220

-

Other creditors

10,267

5,185

19,190

5,185

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

8.	POST BALANCE SHEET EVENTS

The company recommenced trading on 01 August 2016.