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dpl-countries:NorthAmerica 2016-12-01 2017-11-30 5086550 dpl-countries:SouthAmerica 2016-12-01 2017-11-30 5086550 dpl-countries:Asia 2016-12-01 2017-11-30 5086550 dpl-countries:RestWorldOutsideUK 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales 2016-11-30 5086550 dpl-frs:CostSales 2017-11-30 5086550 dpl-frs:DistributionCosts 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses 2016-12-01 2017-11-30 5086550 frs-bus:Director1 2016-12-01 2017-11-30 5086550 frs-bus:Director1 2016-11-30 5086550 frs-bus:Director1 2017-11-30 5086550 frs-bus:Director2 2016-12-01 2017-11-30 5086550 frs-bus:Director2 2016-11-30 5086550 frs-bus:Director2 2017-11-30 5086550 1 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 1 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 1 2017-11-30 5086550 2 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 2 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 2 2017-11-30 5086550 3 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 3 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 3 2017-11-30 5086550 4 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 4 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 4 2017-11-30 5086550 5 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 5 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 5 2017-11-30 5086550 6 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 6 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 6 2017-11-30 5086550 7 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 7 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 7 2017-11-30 5086550 8 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 8 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 8 2017-11-30 5086550 9 2016-12-01 2017-11-30 5086550 frs-core:CurrentFinancialInstruments 9 2017-11-30 5086550 frs-core:Non-currentFinancialInstruments 9 2017-11-30 5086550 dpl-frs:Item1 2016-12-01 2017-11-30 5086550 dpl-frs:Item1 2016-11-30 5086550 dpl-frs:Item1 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item1 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item1 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item1 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item1 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2016-12-01 2017-11-30 5086550 dpl-frs:Item2 2016-12-01 2017-11-30 5086550 dpl-frs:Item2 2016-11-30 5086550 dpl-frs:Item2 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item2 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item2 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item2 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item2 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2016-12-01 2017-11-30 5086550 dpl-frs:Item3 2016-12-01 2017-11-30 5086550 dpl-frs:Item3 2016-11-30 5086550 dpl-frs:Item3 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item3 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item3 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item3 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item3 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2016-12-01 2017-11-30 5086550 dpl-frs:Item4 2016-12-01 2017-11-30 5086550 dpl-frs:Item4 2016-11-30 5086550 dpl-frs:Item4 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item4 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item4 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item4 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item4 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2016-12-01 2017-11-30 5086550 dpl-frs:Item5 2016-12-01 2017-11-30 5086550 dpl-frs:Item5 2016-11-30 5086550 dpl-frs:Item5 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item5 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item5 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item5 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item5 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2016-12-01 2017-11-30 5086550 dpl-frs:Item6 2016-12-01 2017-11-30 5086550 dpl-frs:Item6 2016-11-30 5086550 dpl-frs:Item6 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item6 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item6 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item6 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item6 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2016-12-01 2017-11-30 5086550 dpl-frs:Item7 2016-12-01 2017-11-30 5086550 dpl-frs:Item7 2016-11-30 5086550 dpl-frs:Item7 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item7 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item7 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item7 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item7 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2016-12-01 2017-11-30 5086550 dpl-frs:Item8 2016-12-01 2017-11-30 5086550 dpl-frs:Item8 2016-11-30 5086550 dpl-frs:Item8 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item8 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item8 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item8 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item8 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2016-12-01 2017-11-30 5086550 dpl-frs:Item9 2016-12-01 2017-11-30 5086550 dpl-frs:Item9 2016-11-30 5086550 dpl-frs:Item9 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item9 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item9 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item9 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item9 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2016-12-01 2017-11-30 5086550 dpl-frs:Item10 2016-12-01 2017-11-30 5086550 dpl-frs:Item10 2016-11-30 5086550 dpl-frs:Item10 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item10 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item10 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item10 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item10 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2016-12-01 2017-11-30 5086550 dpl-frs:Item11 2016-12-01 2017-11-30 5086550 dpl-frs:Item11 2016-11-30 5086550 dpl-frs:Item11 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item11 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item11 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item11 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item11 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2016-12-01 2017-11-30 5086550 dpl-frs:Item12 2016-12-01 2017-11-30 5086550 dpl-frs:Item12 2016-11-30 5086550 dpl-frs:Item12 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item12 2016-12-01 2017-11-30 5086550 dpl-frs:CostSales dpl-frs:Item12 2016-11-30 5086550 dpl-frs:CostSales dpl-frs:Item12 2017-11-30 5086550 dpl-frs:DistributionCosts dpl-frs:Item12 2016-12-01 2017-11-30 5086550 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2016-12-01 2017-11-30 5086550 1 2016-12-01 2017-11-30 5086550 frs-countries:EnglandWales 2016-12-01 2017-11-30
Registered number: 5086550
Global Design Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 November 2018
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Balance Sheet
Registered number: 5086550
2018 2017
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 5,775
Tangible Assets 4 42,571 74,719
Investments 5 25,656 25,656
68,227 106,150
CURRENT ASSETS
Stocks 6 417,810 652,636
Debtors 7 701,888 340,512
Cash at bank and in hand 243,131 506
1,362,829 993,654
Creditors: Amounts Falling Due Within One Year 8 (483,286 ) (919,835 )
NET CURRENT ASSETS (LIABILITIES) 879,543 73,819
TOTAL ASSETS LESS CURRENT LIABILITIES 947,770 179,969
Creditors: Amounts Falling Due After More Than One Year 9 (42,894 ) (96,659 )
NET ASSETS 904,876 83,310
CAPITAL AND RESERVES
Called up share capital 10 1,717 1,717
Share premium account 220,283 220,283
Profit and Loss Account 682,876 (138,690 )
SHAREHOLDERS' FUNDS 904,876 83,310
Page 1
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Cuthbert
25/01/2019

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20%
Plant & Machinery 10%
Fixtures & Fittings 25%
Computer Equipment 33.33%
1.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2. Average Number of Employees
Average number of employees, including directors, during the year was 35 (2017 : 37)
Page 4
3. Intangible Assets
Intellectual Property
£
Cost
As at 1 December 2017 22,457
Disposals (22,457 )
As at 30 November 2018 -
Amortisation
As at 1 December 2017 16,682
Disposals (16,682 )
As at 30 November 2018 -
Net Book Value
As at 30 November 2018 -
As at 1 December 2017 5,775
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2017 95,014 200,309 36,979 76,534 408,836
Additions 508 1,310 - 23 1,841
As at 30 November 2018 95,522 201,619 36,979 76,557 410,677
Depreciation
As at 1 December 2017 73,404 170,966 28,463 61,284 334,117
Provided during the period 7,495 12,884 3,853 9,757 33,989
As at 30 November 2018 80,899 183,850 32,316 71,041 368,106
Net Book Value
As at 30 November 2018 14,623 17,769 4,663 5,516 42,571
As at 1 December 2017 21,610 29,343 8,516 15,250 74,719
Page 5
5. Investments
Listed
£
Cost
As at 1 December 2017 25,656
As at 30 November 2018 25,656
Provision
As at 1 December 2017 -
As at 30 November 2018 -
Net Book Value
As at 30 November 2018 25,656
As at 1 December 2017 25,656
6. Stocks
2018 2017
£ £
Stock - materials 181,351 349,828
Stock - finished goods 44,370 35,622
Stock - work in progress 192,089 267,186
417,810 652,636
7. Debtors
2018 2017
£ £
Due within one year
Trade debtors 365,208 170,252
Prepayments and accrued income 23,911 5,586
Other debtors 273,491 29,204
Corporation tax recoverable assets 39,278 135,470
701,888 340,512
Page 6
8. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Trade creditors 233,851 240,414
Bank loans and overdrafts 37,250 202,018
Other taxes and social security 9,608 57,608
Other creditors 8,804 57,452
Deposit payments received on account 189,354 350,326
Accruals and deferred income 4,419 12,017
483,286 919,835
9. Creditors: Amounts Falling Due After More Than One Year
2018 2017
£ £
Bank loans 42,894 96,659
42,894 96,659
10. Share Capital
2018 2017
Allotted, Called up and fully paid 1,717 1,717
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases totalled £222,375 (2017: £40,500)
12. General Information
Global Design Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5086550. The registered office is Unit 13 Riverside Business Park, St Annes, Bristol, BS4 4ED.
Page 7