Registration number:
Developing and Building Limited
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 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
4 |
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Profit and loss account |
(2,116) |
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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:
• |
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• |
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
.........................................
Director
Developing and Building Limited
Notes to the Unaudited Financial Statements for the Period from 7 February 2022 to 28 February 2023
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost |
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Additions |
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At 28 February 2023 |
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Depreciation |
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Charge for the period |
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At 28 February 2023 |
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Carrying amount |
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At 28 February 2023 |
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Stocks |
2023 |
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Work in progress |
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Developing and Building Limited
Notes to the Unaudited Financial Statements for the Period from 7 February 2022 to 28 February 2023
Debtors |
2023 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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