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Logo On Report
Registered Number: 03502007
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2021

for

DEBEN HOMES LIMITED

Directors Kevin Snell
Mark Woods
Registered Number 03502007
Registered Office Mill House
Broad Green
Wetheringsett, Stowmarket
IP14 5QD
Accountants Quove Accounting Ltd
The Vision Centre
5 Eastern Way
Bury St Edmunds
IP32 7AB
1
 
 
Notes
 
2021
£
  2020
£
Current assets      
Stocks 4 948,261    644,291 
Debtors 5 4,007    235 
Cash at bank and in hand 4,243    16,178 
956,511    660,704 
Creditors: amount falling due within one year 6 (651,250)   (367,291)
Net current assets 305,261    293,413 
 
Total assets less current liabilities 305,261    293,413 
Net assets 305,261    293,413 
 

Capital and reserves
     
Called up share capital 66    66 
Capital Redemption Reserve 7 33    33 
Profit and loss account 305,162    293,314 
Shareholder's funds 305,261    293,413 
 


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 September 2022 and were signed on its behalf by:


--------------------------------
Kevin Snell
Director
2
General Information
Deben Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 03502007, registration address Mill House, Broad Green, Wetheringsett, Stowmarket, IP14 5QD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Tax is calculated on the profits disclosed in the accounts
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

The company has no employees other than directors
Average number of employees during the year was 2 (2020 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2021 9,908    9,908 
Additions  
Disposals  
At 31 December 2021 9,908    9,908 
Depreciation
At 01 January 2021 9,908    9,908 
Charge for year  
On disposals  
At 31 December 2021 9,908    9,908 
Net book values
Closing balance as at 31 December 2021  
Opening balance as at 01 January 2021  


4.

Stocks

2021
£
  2020
£
Stocks 948,261    644,291 
948,261    644,291 

5.

Debtors: amounts falling due within one year

2021
£
  2020
£
Trade Debtors 3,030    235 
Other Debtors 977   
4,007    235 

6.

Creditors: amount falling due within one year

2021
£
  2020
£
Trade Creditors   2,831 
Accrued Expenses 1,250    1,250 
Other Creditors 650,000    350,000 
Directors' Current Accounts   12,584 
VAT   626 
651,250    367,291 

7.

Capital Redemption Reserve

2021
£
  2020
£
Capital Redemption Reserve b/fwd 33    33 
33    33 

3