Company Registration No. 07853753 (England and Wales)
Duxford Developments Limited
Unaudited accounts
for the year ended 30 November 2023
Duxford Developments Limited
Unaudited accounts
Contents
Duxford Developments Limited
Company Information
for the year ended 30 November 2023
Director
Richard Bridgwood
Company Number
07853753 (England and Wales)
Registered Office
C/O EDEN ACCOUNTING LIMITED SUITE L3
SOUTHFENS BUSINESS CENTRE
FENTON WAY
PE16 6TT
Accountants
Eden Accounting Ltd
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
PE16 6TT
Duxford Developments Limited
Statement of financial position
as at 30 November 2023
Inventories
1,234,516
1,234,516
Cash at bank and in hand
1,065
208
Creditors: amounts falling due within one year
(42,120)
(41,196)
Net current assets
1,193,461
1,193,528
Total assets less current liabilities
1,193,461
1,193,528
Creditors: amounts falling due after more than one year
(1,340,348)
(1,320,468)
Net liabilities
(146,887)
(126,940)
Called up share capital
100
100
Profit and loss account
(146,987)
(127,040)
Shareholders' funds
(146,887)
(126,940)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 19 April 2024 and were signed on its behalf by
Richard Bridgwood
Director
Company Registration No. 07853753
Duxford Developments Limited
Notes to the Accounts
for the year ended 30 November 2023
Duxford Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 07853753. The registered office is C/O EDEN ACCOUNTING LIMITED SUITE L3, SOUTHFENS BUSINESS CENTRE, FENTON WAY, PE16 6TT.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
As at the year end the company's liabilities exceeded it's assets as detailed on the balance sheet. The major creditor of the company is the director who has confirmed his continued financial support to the company, for this reason the accounts have been prepared on the going concern basis.
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
42,120
41,196
5
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
1,340,348
1,320,468
6
Transactions with related parties
The directors loan in note 5 is repayable on demand and is not accruing interest.
Duxford Developments Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).