David Roe Projects Limited 11420341 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true 11420341 2023-07-01 2024-06-30 11420341 2024-06-30 11420341 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-06-30 11420341 core:RetainedEarningsAccumulatedLosses 2024-06-30 11420341 core:ShareCapital 2024-06-30 11420341 core:CurrentFinancialInstruments 2024-06-30 11420341 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11420341 core:FurnitureFittingsToolsEquipment 2024-06-30 11420341 core:MotorVehicles 2024-06-30 11420341 bus:SmallEntities 2023-07-01 2024-06-30 11420341 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11420341 bus:FilletedAccounts 2023-07-01 2024-06-30 11420341 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11420341 bus:RegisteredOffice 2023-07-01 2024-06-30 11420341 bus:Director1 2023-07-01 2024-06-30 11420341 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-01 2024-06-30 11420341 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11420341 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 11420341 core:MotorVehicles 2023-07-01 2024-06-30 11420341 core:OfficeEquipment 2023-07-01 2024-06-30 11420341 countries:England 2023-07-01 2024-06-30 11420341 2023-06-30 11420341 core:FurnitureFittingsToolsEquipment 2023-06-30 11420341 core:MotorVehicles 2023-06-30 11420341 2022-07-01 2023-06-30 11420341 2023-06-30 11420341 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-06-30 11420341 core:RetainedEarningsAccumulatedLosses 2023-06-30 11420341 core:ShareCapital 2023-06-30 11420341 core:CurrentFinancialInstruments 2023-06-30 11420341 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11420341 core:FurnitureFittingsToolsEquipment 2023-06-30 11420341 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11420341

David Roe Projects Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

David Roe Projects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

David Roe Projects Limited

Company Information

Director

Mr D R Roe

Registered office

78 Cranbourne Park
Hedge End
Southampton
Hampshire
SO30 0NY

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

David Roe Projects Limited

(Registration number: 11420341)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18,754

5,444

Current assets

 

Debtors

5

15,638

14,169

Cash at bank and in hand

 

6,472

4,666

 

22,110

18,835

Creditors: Amounts falling due within one year

6

(8,317)

(10,869)

Net current assets

 

13,793

7,966

Total assets less current liabilities

 

32,547

13,410

Provisions for liabilities

(3,563)

(1,034)

Net assets

 

28,984

12,376

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

28,983

12,375

Shareholders' funds

 

28,984

12,376

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 August 2024
 

 

David Roe Projects Limited

(Registration number: 11420341)
Balance Sheet as at 30 June 2024

.........................................
Mr D R Roe
Director

 

David Roe Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
78 Cranbourne Park
Hedge End
Southampton
Hampshire
SO30 0NY
United Kingdom

These financial statements were authorised for issue by the director on 15 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

David Roe Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

Computer equipment

33% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

David Roe Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

David Roe Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

7,394

15,554

22,948

Additions

1,115

22,062

23,177

Disposals

-

(14,000)

(14,000)

At 30 June 2024

8,509

23,616

32,125

Depreciation

At 1 July 2023

5,764

11,740

17,504

Charge for the year

906

5,639

6,545

Eliminated on disposal

-

(10,678)

(10,678)

At 30 June 2024

6,670

6,701

13,371

Carrying amount

At 30 June 2024

1,839

16,915

18,754

At 30 June 2023

1,630

3,814

5,444

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,979

2,519

Other debtors

12,659

11,650

 

15,638

14,169

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

6,131

7,395

Accruals and deferred income

1,200

1,200

Other creditors

986

2,274

8,317

10,869

 

David Roe Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1