Design Deluxe Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05853406

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

DESIGN DELUXE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

N N Welch

M L Welch

SECRETARY:

M L Welch

REGISTERED OFFICE:

6 Portland Place

Bath

BA1 2RU

REGISTERED NUMBER:

05853406

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Design Deluxe Limited for the year ended

31 March 2016 which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow

Statement, the Statement of Total Recognised Gains and Losses and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Design Deluxe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Design Deluxe Limited and state those matters that we have agreed to state to the Board of Directors of Design Deluxe Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Design Deluxe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Design Deluxe Limited. You consider that Design Deluxe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Design Deluxe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

26 July 2016

FIXED ASSETS

Intangible assets

2

2,000

6,000

Tangible assets

3

1,368

1,824

3,368

7,824

CURRENT ASSETS

Debtors

1,380

2,160

Cash at bank

3,819

7,794

5,199

9,954

CREDITORS

Amounts falling due within one year

6,803

14,660

NET CURRENT LIABILITIES

(1,604

)

(4,706

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,764

3,118

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,762

3,116

SHAREHOLDERS' FUNDS

1,764

3,118

1,764

3,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 July 2016 and were
signed on its behalf by:

N N Welch - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents sales of services, excluding value added tax. Turnover is recognised

when the service has been completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 the profit and loss account in the period to

which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

40,000

AMORTISATION

At 1 April 2015

34,000

Amortisation for year

4,000

At 31 March 2016

38,000

NET BOOK VALUE

At 31 March 2016

2,000

At 31 March 2015

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,655

DEPRECIATION

At 1 April 2015

8,831

Charge for year

456

At 31 March 2016

9,287

NET BOOK VALUE

At 31 March 2016

1,368

At 31 March 2015

1,824

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2016 and 31 March 2015:

2016

2015

£

N N Welch and M L Welch

Balance outstanding at start of year

(480

)

(40

)

Amounts advanced

360

-

Amounts repaid

-

(440

)

Balance outstanding at end of year

(120

)

(480

)

Throughout the year the directors and sole shareholders received dividends of £16,211

(2015: £39,335)

6.	PENSION COSTS

The company operates a defined contribution pension scheme in respect of the directors.

The assets of the scheme are held separately from those of the company in an

independently administered fund. The pension cost charge represents contributions

payable by the company to the fund and amounted to £6,368 (2015: £12,596).