Company Registration No. 10209010 (England and Wales)
LANDEV LIMITED
Unaudited accounts
for the year ended 31 March 2023
LANDEV LIMITED
Unaudited accounts
Contents
LANDEV LIMITED
Company Information
for the year ended 31 March 2023
Directors
Mrs C Whiteman
J Whiteman
Company Number
10209010 (England and Wales)
Registered Office
RIVER BARN FITZLEA WOOD ROAD
SELHAM
PETWORTH
WEST SUSSEX
GU28 0PS
ENGLAND
LANDEV LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
-
13,925
Creditors: amounts falling due within one year
(176,068)
(148,606)
Net current assets
28,412
75,999
Total assets less current liabilities
29,093
84,792
Creditors: amounts falling due after more than one year
(20,050)
(27,374)
Called up share capital
2
2
Profit and loss account
9,041
57,416
Shareholders' funds
9,043
57,418
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Mrs C Whiteman
Director
Company Registration No. 10209010
LANDEV LIMITED
Notes to the Accounts
for the year ended 31 March 2023
LANDEV LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10209010. The registered office is RIVER BARN FITZLEA WOOD ROAD, SELHAM, PETWORTH, WEST SUSSEX, GU28 0PS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover is the value of services, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line
Motor vehicles
Straight line over 3 years
Computer equipment
25% per annum straight line
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Finance leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
LANDEV LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
26,831
-
26,831
At 31 March 2023
26,831
1,021
27,852
At 1 April 2022
18,038
-
18,038
Charge for the year
8,793
340
9,133
At 31 March 2023
26,831
340
27,171
At 31 March 2023
-
681
681
At 31 March 2022
8,793
-
8,793
Amounts falling due within one year
Trade debtors
203,472
209,672
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
14,476
5,000
Obligations under finance leases and hire purchase contracts
4,544
4,544
Taxes and social security
105,039
60,013
Other creditors
2,485
2,229
Loans from directors
49,524
76,820
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,569
11,499
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).