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Registration number: 13899270

Developing and Building Limited

Unaudited Financial Statements

for the Period from 7 February 2022 to 28 February 2023

 

Developing and Building Limited

(Registration number: 13899270)

Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

3

3,442

Current assets

 

Stocks

4

7,957

Debtors

5

857

Cash at bank and in hand

 

24,423

 

33,237

Creditors: Amounts falling due within one year

6

(38,791)

Net current liabilities

 

(5,554)

Net liabilities

 

(2,112)

Capital and reserves

 

Called up share capital

4

Profit and loss account

(2,116)

Shareholders' deficit

 

(2,112)

For the financial period ending 28 February 2023 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 of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Developing and Building Limited

(Registration number: 13899270)

Balance Sheet as at 28 February 2023

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................

Mr Daniel Joseph Boff
Director

 

Developing and Building Limited

Notes to the Unaudited Financial Statements for the Period from 7 February 2022 to 28 February 2023

1

Accounting policies

Developing and Building Limited is a private company, limited by shares, domiciled in England and Wales, company number 13899270. The registered office is at 40 Warning Tongue Lane, Doncaster, South Yorkshire, DN4 6TD.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

 

Developing and Building Limited

Notes to the Unaudited Financial Statements for the Period from 7 February 2022 to 28 February 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

3

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost

Additions

2,010

616

1,250

3,876

At 28 February 2023

2,010

616

1,250

3,876

Depreciation

Charge for the period

201

77

156

434

At 28 February 2023

201

77

156

434

Carrying amount

At 28 February 2023

1,809

539

1,094

3,442

4

Stocks

2023
£

Work in progress

7,957

 

Developing and Building Limited

Notes to the Unaudited Financial Statements for the Period from 7 February 2022 to 28 February 2023

5

Debtors

2023
£

Other debtors

857

857

6

Creditors

Creditors: amounts falling due within one year

2023
£

Trade creditors

4,812

Taxation and social security

1,232

Accruals and deferred income

1,250

Other creditors

31,497

38,791