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Company No: 05797286 (England and Wales)

DUNFORD DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

DUNFORD DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

DUNFORD DEVELOPMENTS LIMITED

BALANCE SHEET

As at 30 September 2023
DUNFORD DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 822 715
822 715
Current assets
Stocks 2,264 0
Debtors 4 219,327 33,949
Cash at bank and in hand 48,941 229,976
270,532 263,925
Creditors: amounts falling due within one year 5 ( 7,544) ( 6,126)
Net current assets 262,988 257,799
Total assets less current liabilities 263,810 258,514
Net assets 263,810 258,514
Capital and reserves
Called-up share capital 100 100
Profit and loss account 263,710 258,414
Total shareholders' funds 263,810 258,514

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dunford Developments Limited (registered number: 05797286) were approved and authorised for issue by the Board of Directors on 28 February 2024. They were signed on its behalf by:

O G Dunford
Director
DUNFORD DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
DUNFORD DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dunford Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 745 Ampress Lane, Lymington, Hampshire, SO41 8LW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

The costs of work in progress comprise direct materials and where applicable, direct labour costs and those overheads that have been incurred.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 October 2022 11,061 11,061
Additions 916 916
Disposals ( 833) ( 833)
At 30 September 2023 11,144 11,144
Accumulated depreciation
At 01 October 2022 10,346 10,346
Charge for the financial year 531 531
Disposals ( 555) ( 555)
At 30 September 2023 10,322 10,322
Net book value
At 30 September 2023 822 822
At 30 September 2022 715 715

4. Debtors

2023 2022
£ £
Trade debtors 13,291 0
Corporation tax 0 25,807
Other debtors 206,036 8,142
219,327 33,949

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,390 1,394
Corporation tax 1,142 0
Other taxation and social security 964 0
Other creditors 4,048 4,732
7,544 6,126

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Overdrawn director's current account - O G Dunford 4,791 0

This amount will be repaid within nine months of the year end.