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REGISTERED NUMBER: 04464446 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2022

for

654 Developments Limited

654 Developments Limited (Registered number: 04464446)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


654 Developments Limited

Company Information
for the Year Ended 30 June 2022







DIRECTOR: N Egginton





REGISTERED OFFICE: Unit 9
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB





REGISTERED NUMBER: 04464446 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

654 Developments Limited (Registered number: 04464446)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,515 19,354

CURRENT ASSETS
Stocks 733,257 693,949
Debtors 5 4,902 -
Cash at bank 7,070 1,426
745,229 695,375
CREDITORS
Amounts falling due within one year 6 (672,799 ) (632,541 )
NET CURRENT ASSETS 72,430 62,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,945

82,188

CREDITORS
Amounts falling due after more than one year 7 - (506 )

PROVISIONS FOR LIABILITIES (2,709 ) (3,617 )
NET ASSETS 84,236 78,065

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 84,233 78,062
SHAREHOLDERS' FUNDS 84,236 78,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

654 Developments Limited (Registered number: 04464446)

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 August 2022 and were signed by:





N Egginton - Director


654 Developments Limited (Registered number: 04464446)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

654 Developments Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

654 Developments Limited (Registered number: 04464446)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2021
and 30 June 2022 63,195 2,000 23,500 88,695
DEPRECIATION
At 1 July 2021 50,421 1,985 16,935 69,341
Charge for year 3,194 4 1,641 4,839
At 30 June 2022 53,615 1,989 18,576 74,180
NET BOOK VALUE
At 30 June 2022 9,580 11 4,924 14,515
At 30 June 2021 12,774 15 6,565 19,354

Assets held under hire purchase agreements had a net book value at the year end of £5,830 (2021: £7,774). Depreciation charged on these assets during the year totalled £1,943 (2021: £2,591).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
VAT 4,902 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Bank loans and overdrafts - 208,000
Hire purchase contracts 2,201 6,000
Trade creditors 400 -
Tax 2,993 1,119
Other creditors 1,214 1,214
Directors' current accounts 665,991 416,208
672,799 632,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.22 30.6.21
£    £   
Hire purchase contracts - 506

654 Developments Limited (Registered number: 04464446)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.22 30.6.21
£    £   
Bank loans - 208,000
Hire purchase contracts 2,201 6,506
2,201 214,506

The bank loans (2022: £nil, 2021: £208,000) are secured against the properties purchased. These properties are shown in work in progress.

The hire purchase contracts are secured against the assets involved.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties during the year are the directors.