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Company Registration No. 7947407 (England and Wales)
Develop One CW Ltd Unaudited accounts for the year ended 31 March 2023
Develop One CW Ltd Unaudited accounts Contents
Page
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Develop One CW Ltd Company Information for the year ended 31 March 2023
Directors
W Douglass C O'Connor
Company Number
7947407 (England and Wales)
Registered Office
Office 7 37-39 Shakespeare Street Southport PR8 5AB
Accountants
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB
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Develop One CW Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,373 
20,373 
Tangible assets
20,853 
806 
41,226 
21,179 
Current assets
Debtors
- 
320 
Cash at bank and in hand
28,657 
39,183 
28,657 
39,503 
Creditors: amounts falling due within one year
(7,600)
(6,737)
Net current assets
21,057 
32,766 
Net assets
62,283 
53,945 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,183 
53,845 
Shareholders' funds
62,283 
53,945 
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 8 August 2023 and were signed on its behalf by
C O'Connor Director Company Registration No. 7947407
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Develop One CW Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Develop One CW Ltd is a private company, limited by shares, registered in England and Wales, registration number 7947407. The registered office is Office 7, 37-39 Shakespeare Street, Southport, PR8 5AB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
20,373 
At 31 March 2023
20,373 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
20,373 
At 31 March 2022
20,373 
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Develop One CW Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
- 
1,926 
1,050 
2,976 
Additions
21,171 
- 
- 
21,171 
Disposals
- 
- 
(1,050)
(1,050)
At 31 March 2023
21,171 
1,926 
- 
23,097 
Depreciation
At 1 April 2022
- 
1,495 
675 
2,170 
Charge for the year
318 
431 
- 
749 
On disposals
- 
- 
(675)
(675)
At 31 March 2023
318 
1,926 
- 
2,244 
Net book value
At 31 March 2023
20,853 
- 
- 
20,853 
At 31 March 2022
- 
431 
375 
806 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
320 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,600 
1,877 
Taxes and social security
3,313 
1,695 
Loans from directors
1,207 
2,685 
Accruals
480 
480 
7,600 
6,737 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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