Accounting by Design (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05042588

Financial Statements for the Year Ended 28 February 2018

for

Accounting by Design (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Naylor

Miss C R Naylor

SECRETARY:

Miss C R Naylor

REGISTERED OFFICE:

302 Cirencester Bus. Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

REGISTERED NUMBER:

05042588

FIXED ASSETS

Tangible assets

4

2,548

193

CURRENT ASSETS

Debtors

5

94,078

82,649

Prepayments and accrued income

2,760

2,428

Cash at bank

1,214

5,758

98,052

90,835

CREDITORS

Amounts falling due within one year

6

38,449

41,282

NET CURRENT ASSETS

59,603

49,553

TOTAL ASSETS LESS CURRENT LIABILITIES

62,151

49,746

PROVISIONS FOR LIABILITIES

484

-

NET ASSETS

61,667

49,746

CAPITAL AND RESERVES

Called up share capital

225

225

Retained earnings

61,442

49,521

SHAREHOLDERS' FUNDS

61,667

49,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 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 Board of Directors on 28 November 2018 and were signed on its behalf by:

Miss C R Naylor - Director

1.	STATUTORY INFORMATION

Accounting by Design (UK) Limited is a private company, limited by shares , registered in Not specified/Other.

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 financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

8,665

Additions

3,823

At 28 February 2018

12,488

DEPRECIATION

At 1 March 2017

8,472

Charge for year

1,468

At 28 February 2018

9,940

NET BOOK VALUE

At 28 February 2018

2,548

At 28 February 2017

193

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

88,216

77,336

Other debtors

5,862

5,313

94,078

82,649

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

3,035

3,275

Tax

12,840

9,570

Social security and other taxes

22,387

28,222

Other creditors

187

215

38,449

41,282