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REGISTERED NUMBER: 02728257 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Deva Designs Limited

Deva Designs Limited (Registered number: 02728257)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Deva Designs Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: A P Maddock
Mrs A Rogers





SECRETARY: Mrs A Rogers





REGISTERED OFFICE: Unit 6, Chelford Close
Sealand Road Industrial Estate
Chester
Cheshire
CH1 4NE





REGISTERED NUMBER: 02728257 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Deva Designs Limited (Registered number: 02728257)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,503 7,787
5,503 7,787

CURRENT ASSETS
Stocks 548,924 459,704
Debtors 6 311,534 341,364
Cash at bank and in hand 48,771 44,438
909,229 845,506
CREDITORS
Amounts falling due within one year 7 (363,766 ) (373,820 )
NET CURRENT ASSETS 545,463 471,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,966

479,473

CREDITORS
Amounts falling due after more than one year 8 (126,489 ) (48,801 )

PROVISIONS FOR LIABILITIES (1,041 ) (1,538 )
NET ASSETS 423,436 429,134

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 373,436 379,134
SHAREHOLDERS' FUNDS 423,436 429,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Deva Designs Limited (Registered number: 02728257)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mrs A Rogers - Director


Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Deva Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods delivered to customers and work carried out in respect of services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Tangible fixed assets are included at cost less cumulative depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 40,000
AMORTISATION
At 1 January 2023
and 31 December 2023 40,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023
and 31 December 2023 202,731
DEPRECIATION
At 1 January 2023 194,944
Charge for year 2,284
At 31 December 2023 197,228
NET BOOK VALUE
At 31 December 2023 5,503
At 31 December 2022 7,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 183,628 208,440
Other debtors 127,906 132,924
311,534 341,364

Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 65,989 69,244
Trade creditors 83,722 61,108
Taxation and social security 41,566 55,752
Other creditors 172,489 187,716
363,766 373,820

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 126,489 48,801

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Lloyds Bank commercial finance 156,142 165,912

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
A P Maddock
Balance outstanding at start of year 56,084 50,897
Amounts advanced 56,294 56,187
Amounts repaid (56,500 ) (51,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,878 56,084

Mrs A Rogers
Balance outstanding at start of year (1,428 ) (27,280 )
Amounts advanced 73,815 27,852
Amounts repaid (61,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,387 (1,428 )

The loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date was a balance owed by Drewan Limited of £6,974 (2022 £8,165), the company's ultimate parent company. This advance is unsecured, interest free and repayable on demand.

Included within other debtors is £11,387 (2022 £1,428 credit) owed to Mrs A Rogers, a director of the company, this balance is unsecured, interest free and repayable on demand.

Included within other debtors is £55,878 (2022 £56,084) owed from Mr A P Maddock, a director of the company, this balance is unsecured, interest free and repayable on demand.

Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Drewan Limited a company incorporated in England and Wales. The company is controlled by directors A P Maddock and Mrs A Rogers who have equal shareholdings in Drewan Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Deva Designs Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deva Designs Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Deva Designs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deva Designs Limited and state those matters that we have agreed to state to the Board of Directors of Deva Designs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deva Designs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Deva Designs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deva Designs Limited. You consider that Deva Designs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deva Designs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY


22 July 2024