2021-03-012022-02-282022-02-28false03932440THE DEVELOPMENT COMPANY LIMITED2022-08-19iso4217:GBPxbrli:pure039324402021-03-01039324402022-02-28039324402021-03-012022-02-28039324402020-03-01039324402021-02-28039324402020-03-012021-02-2803932440bus:SmallEntities2021-03-012022-02-2803932440bus:AuditExempt-NoAccountantsReport2021-03-012022-02-2803932440bus:FullAccounts2021-03-012022-02-2803932440bus:PrivateLimitedCompanyLtd2021-03-012022-02-2803932440core:WithinOneYear2022-02-2803932440core:AfterOneYear2022-02-2803932440core:WithinOneYear2021-02-2803932440core:AfterOneYear2021-02-2803932440core:ShareCapital2022-02-2803932440core:SharePremium2022-02-2803932440core:RevaluationReserve2022-02-2803932440core:OtherReservesSubtotal2022-02-2803932440core:RetainedEarningsAccumulatedLosses2022-02-2803932440core:ShareCapital2021-02-2803932440core:SharePremium2021-02-2803932440core:RevaluationReserve2021-02-2803932440core:OtherReservesSubtotal2021-02-2803932440core:RetainedEarningsAccumulatedLosses2021-02-2803932440core:LandBuildings2022-02-2803932440core:PlantMachinery2022-02-2803932440core:Vehicles2022-02-2803932440core:FurnitureFittings2022-02-2803932440core:OfficeEquipment2022-02-2803932440core:NetGoodwill2022-02-2803932440core:IntangibleAssetsOtherThanGoodwill2022-02-2803932440core:ListedExchangeTraded2022-02-2803932440core:UnlistedNon-exchangeTraded2022-02-2803932440core:LandBuildings2021-02-2803932440core:PlantMachinery2021-02-2803932440core:Vehicles2021-02-2803932440core:FurnitureFittings2021-02-2803932440core:OfficeEquipment2021-02-2803932440core:NetGoodwill2021-02-2803932440core:IntangibleAssetsOtherThanGoodwill2021-02-2803932440core:ListedExchangeTraded2021-02-2803932440core:UnlistedNon-exchangeTraded2021-02-2803932440core:LandBuildings2021-03-012022-02-2803932440core:PlantMachinery2021-03-012022-02-2803932440core:Vehicles2021-03-012022-02-2803932440core:FurnitureFittings2021-03-012022-02-2803932440core:OfficeEquipment2021-03-012022-02-2803932440core:NetGoodwill2021-03-012022-02-2803932440core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2803932440core:ListedExchangeTraded2021-03-012022-02-2803932440core:UnlistedNon-exchangeTraded2021-03-012022-02-2803932440core:MoreThanFiveYears2021-03-012022-02-2803932440core:Non-currentFinancialInstruments2022-02-2803932440core:Non-currentFinancialInstruments2021-02-2803932440dpl:CostSales2021-03-012022-02-2803932440dpl:DistributionCosts2021-03-012022-02-2803932440dpl:AdministrativeExpenses2021-03-012022-02-2803932440core:LandBuildings2021-03-012022-02-2803932440core:PlantMachinery2021-03-012022-02-2803932440core:Vehicles2021-03-012022-02-2803932440core:FurnitureFittings2021-03-012022-02-2803932440core:OfficeEquipment2021-03-012022-02-2803932440core:NetGoodwill2021-03-012022-02-2803932440core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2803932440dpl:GroupUndertakings2021-03-012022-02-2803932440dpl:ParticipatingInterests2021-03-012022-02-2803932440dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2803932440core:ListedExchangeTraded2021-03-012022-02-2803932440dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2803932440core:UnlistedNon-exchangeTraded2021-03-012022-02-2803932440dpl:CostSales2020-03-012021-02-2803932440dpl:DistributionCosts2020-03-012021-02-2803932440dpl:AdministrativeExpenses2020-03-012021-02-2803932440core:LandBuildings2020-03-012021-02-2803932440core:PlantMachinery2020-03-012021-02-2803932440core:Vehicles2020-03-012021-02-2803932440core:FurnitureFittings2020-03-012021-02-2803932440core:OfficeEquipment2020-03-012021-02-2803932440core:NetGoodwill2020-03-012021-02-2803932440core:IntangibleAssetsOtherThanGoodwill2020-03-012021-02-2803932440dpl:GroupUndertakings2020-03-012021-02-2803932440dpl:ParticipatingInterests2020-03-012021-02-2803932440dpl:GroupUndertakingscore:ListedExchangeTraded2020-03-012021-02-2803932440core:ListedExchangeTraded2020-03-012021-02-2803932440dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-03-012021-02-2803932440core:UnlistedNon-exchangeTraded2020-03-012021-02-2803932440core:NetGoodwill2022-02-2803932440core:IntangibleAssetsOtherThanGoodwill2022-02-2803932440core:LandBuildings2022-02-2803932440core:PlantMachinery2022-02-2803932440core:Vehicles2022-02-2803932440core:FurnitureFittings2022-02-2803932440core:OfficeEquipment2022-02-2803932440core:AfterOneYear2022-02-2803932440core:WithinOneYear2022-02-2803932440core:ListedExchangeTraded2022-02-2803932440core:UnlistedNon-exchangeTraded2022-02-2803932440core:ShareCapital2022-02-2803932440core:SharePremium2022-02-2803932440core:RevaluationReserve2022-02-2803932440core:OtherReservesSubtotal2022-02-2803932440core:RetainedEarningsAccumulatedLosses2022-02-2803932440core:NetGoodwill2021-02-2803932440core:IntangibleAssetsOtherThanGoodwill2021-02-2803932440core:LandBuildings2021-02-2803932440core:PlantMachinery2021-02-2803932440core:Vehicles2021-02-2803932440core:FurnitureFittings2021-02-2803932440core:OfficeEquipment2021-02-2803932440core:AfterOneYear2021-02-2803932440core:WithinOneYear2021-02-2803932440core:ListedExch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THE DEVELOPMENT COMPANY LIMITED

Registered Number
03932440
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2022

THE DEVELOPMENT COMPANY LIMITED
Company Information
for the year from 1 March 2021 to 28 February 2022

Directors

BUCKBY, Kay Michelle
GREEN, Adrian Richard

Registered Address

133 Main Road
Wilby
Wellingborough
NN8 2UB

Registered Number

03932440 (England and Wales)
THE DEVELOPMENT COMPANY LIMITED
Balance Sheet as at
28 February 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets63,1313,090
3,1313,090
Current assets
Debtors73,1521,974
Cash at bank and on hand46,28285,929
49,43487,903
Creditors amounts falling due within one year8(39,812)(89,229)
Net current assets (liabilities)9,622(1,326)
Total assets less current liabilities12,7531,764
Provisions for liabilities9(312)(255)
Net assets12,4411,509
Capital and reserves
Called up share capital22
Profit and loss account12,4391,507
Shareholders' funds12,4411,509
The financial statements were approved and authorised for issue by the Board of Directors on 19 August 2022, and are signed on its behalf by:
GREEN, Adrian Richard
Director
Registered Company No. 03932440
THE DEVELOPMENT COMPANY LIMITED
Notes to the Financial Statements
for the year ended 28 February 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is Management consultancy.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year33
6.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 March 218,986-8,986
Additions-1,6731,673
At 28 February 228,9861,67310,659
Depreciation and impairment
At 01 March 215,896-5,896
Charge for year1,3003321,632
At 28 February 227,1963327,528
Net book value
At 28 February 221,7901,3413,131
At 28 February 213,090-3,090
7.Debtors

2022

2021

££
Trade debtors / trade receivables2,034420
Prepayments and accrued income1,1181,554
Total3,1521,974
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2022

2021

££
Trade creditors / trade payables102285
Taxation and social security1,462615
Other creditors32,12882,507
Accrued liabilities and deferred income6,1205,822
Total39,81289,229
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)312255
Total312255