Company Registration No. 04821646 (England and Wales)
Design Product-Seed Limited
Unaudited accounts
for the year ended 31 July 2017
Design Product-Seed Limited
Unaudited accounts
Contents
Design Product-Seed Limited
Company Information
for the year ended 31 July 2017
Company Number
04821646 (England and Wales)
Registered Office
343 CITY ROAD
LONDON
EC1V 1LR
Accountants
Accountancy SOS
3 Jakes View
St Albans
Hertfordshire
AL2 2RH
Design Product-Seed Limited
Statement of financial position
as at 31 July 2017
Tangible assets
1,716
4,175
Cash at bank and in hand
48,797
48,384
Creditors: amounts falling due within one year
(38,305)
(36,568)
Net current assets
10,492
11,816
Called up share capital
100
100
Profit and loss account
12,108
15,891
Shareholders' funds
12,208
15,991
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 April 2018.
JOSE LUIS SUAREZ
Director
Company Registration No. 04821646
Design Product-Seed Limited
Notes to the Accounts
for the year ended 31 July 2017
Design Product-Seed Limited is a private company, limited by shares, registered in England and Wales, registration number 04821646. The registered office is 343 CITY ROAD, LONDON, EC1V 1LR.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Furniture, Tools and equipment 20% per annum straight line
Computer equipment
Computer Equipment - 25% per annum straight line
Design Product-Seed Limited
Notes to the Accounts
for the year ended 31 July 2017
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2016
14,316
3,523
17,839
At 31 July 2017
14,316
3,523
17,839
At 1 August 2016
11,902
1,762
13,664
Charge for the year
1,579
880
2,459
At 31 July 2017
13,481
2,642
16,123
At 31 July 2017
835
881
1,716
At 31 July 2016
2,414
1,761
4,175
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Creditors: amounts falling due within one year
2017
2016
Other creditors
3,805
13,568
Loans from directors
34,500
23,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2016: 0).
