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Unaudited Financial Statements for the Year Ended 31 March 2024

for

Deverell Limited

Deverell Limited (Registered number: 01463413)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deverell Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R D Locke
Mrs C K Locke
G R Locke





SECRETARY: Mrs C K Locke





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 01463413 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Deverell Limited (Registered number: 01463413)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,529 8,058

CURRENT ASSETS
Stocks 120,000 100,000
Debtors 5 25,500 10,500
Cash at bank 159,014 288,909
304,514 399,409
CREDITORS
Amounts falling due within one year 6 87,753 100,873
NET CURRENT ASSETS 216,761 298,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,290

306,594

PROVISIONS FOR LIABILITIES 7 860 1,531
NET ASSETS 220,430 305,063

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 220,330 304,963
SHAREHOLDERS' FUNDS 220,430 305,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 23 August 2024 and were signed on its behalf by:





R D Locke - Director


Deverell Limited (Registered number: 01463413)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Deverell 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Machinery25%
Motor Vehicle25%
Computer Equipment25%

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

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at truncation value and subsequently measured at their settlement value.

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.

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 1 (2023 - 1 ) .

Deverell Limited (Registered number: 01463413)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Office &
Plant and Motor sundry
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 34,160 47,614 1,667 83,441
Disposals (30,660 ) (9,183 ) (1,042 ) (40,885 )
At 31 March 2024 3,500 38,431 625 42,556
DEPRECIATION
At 1 April 2023 34,160 40,025 1,198 75,383
Charge for year 3,373 - 156 3,529
Eliminated on disposal (30,660 ) (9,183 ) (1,042 ) (40,885 )
At 31 March 2024 6,873 30,842 312 38,027
NET BOOK VALUE
At 31 March 2024 (3,373 ) 7,589 313 4,529
At 31 March 2023 - 7,589 469 8,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Deposit for rent 10,500 10,500
Directors' current accounts 15,000 -
25,500 10,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 43,148 45,806
Social security and other taxes 296 45
VAT 18,018 18,488
Other creditors 63 63
Directors' current accounts 22,328 32,751
Accrued expenses 3,900 3,720
87,753 100,873

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 860 1,531

Deferred
tax
£   
Balance at 1 April 2023 1,531
Provided during year (671 )
Deferred tax
Balance at 31 March 2024 860

Deverell Limited (Registered number: 01463413)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year dividends of £215,600 (2023: £175,400) were paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The Company is under the ultimate control of the directors Mr R D Locke Mr G R Locke and Mrs C K Locke by virtue of their shareholdings