Darren James Design Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08253866 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Darren James Design Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D James

SECRETARY:

REGISTERED OFFICE:

4

Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

REGISTERED NUMBER:

08253866 (England and Wales)

ACCOUNTANTS:

Amity Management Consulting Ltd

Chartered Certified Accountants

04 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

FIXED ASSETS

Tangible assets

4

1,170

1,869

CURRENT ASSETS

Debtors

5

10,606

15,576

Cash at bank and in hand

6

11,355

3,328

21,961

18,904

CREDITORS

Amounts falling due within one year

7

22,525

20,654

NET CURRENT LIABILITIES

(564

)

(1,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

606

119

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

506

19

SHAREHOLDERS' FUNDS

606

119

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

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

The director acknowledges his 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 1 March 2018 and were signed by:

D James - Director

1.	STATUTORY INFORMATION

Darren James Design 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 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.

Computer equipment

-

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 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2016

and 31 October 2017

6,084

DEPRECIATION

At 1 November 2016

4,215

Charge for year

699

At 31 October 2017

4,914

NET BOOK VALUE

At 31 October 2017

1,170

At 31 October 2016

1,869

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

10,606

14,053

Directors' current accounts

-

1,523

10,606

15,576

6.	CASH AT BANK AND IN HAND

31.10.17

31.10.16

£

£

Bank account no. 1

11,156

1,124

Bank account no. 2

-

2,004

Cash in hand

199

200

11,355

3,328

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

4,297

8,748

Tax

12,175

7,656

VAT

6,265

3,630

Credit Card

(212

)

620

22,525

20,654

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 November 2016

19

Profit for the year

45,201

Dividends

(44,714

)

At 31 October 2017

506

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2017 and

31 October 2016:

31.10.17

31.10.16

£

£

D James

Balance outstanding at start of year

1,523

4,261

Amounts advanced

-

1,523

Amounts repaid

(1,523

)

(4,261

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,523