Registered number
06545271
SDEV Limited
Filleted Accounts
31 March 2024
SDEV Limited
Registered number: 06545271
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 249 166
Current assets
Debtors 4 4,680 -
Cash at bank and in hand 150,614 138,899
155,294 138,899
Creditors: amounts falling due within one year 5 (38,933) (39,323)
Net current assets 116,361 99,576
Net assets 116,610 99,742
Capital and reserves
Called up share capital 1 1
Profit and loss account 116,609 99,741
Shareholder's funds 116,610 99,742
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Godwin
Director
Approved by the board on 20 September 2024
SDEV Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% straight line
Office equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment Office equipment Total
£ £ £
Cost
At 1 April 2023 8,042 324 8,366
Additions 175 - 175
At 31 March 2024 8,217 324 8,541
Depreciation
At 1 April 2023 8,042 158 8,200
Charge for the year 59 33 92
At 31 March 2024 8,101 191 8,292
Net book value
At 31 March 2024 116 133 249
At 31 March 2023 - 166 166
4 Debtors 2024 2023
£ £
Trade debtors 4,680 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 32,521 33,223
Other creditors 6,412 6,100
38,933 39,323
6 Other information
SDEV Limited is a private company limited by shares and incorporated in England. Its registered office is:
1, The Junction
Charles Street
Horbury
Wakefield
WF4 5FH
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