Company Registration No. 7947407 (England and Wales)
Develop One CW Ltd
Unaudited accounts
for the year ended 31 March 2024
Develop One CW Ltd
Unaudited accounts
Contents
Develop One CW Ltd
Company Information
for the year ended 31 March 2024
Directors
W Douglass
C O'Connor
Company Number
7947407 (England and Wales)
Registered Office
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
Develop One CW Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
20,373
20,373
Tangible assets
20,218
20,853
Cash at bank and in hand
24,795
28,657
Creditors: amounts falling due within one year
(3,083)
(7,600)
Net current assets
21,712
21,057
Called up share capital
100
100
Profit and loss account
62,203
62,183
Shareholders' funds
62,303
62,283
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 10 August 2024 and were signed on its behalf by
C O'Connor
Director
Company Registration No. 7947407
Develop One CW Ltd
Notes to the Accounts
for the year ended 31 March 2024
Develop One CW Ltd is a private company, limited by shares, registered in England and Wales, registration number 7947407. The registered office is Office 7, 37-39 Shakespeare Street, Southport, PR8 5AB.
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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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% Straight Line
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Intangible fixed assets
Goodwill
Develop One CW Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
21,171
1,926
23,097
At 31 March 2024
21,171
1,926
23,097
At 1 April 2023
318
1,926
2,244
Charge for the year
635
-
635
At 31 March 2024
953
1,926
2,879
At 31 March 2024
20,218
-
20,218
At 31 March 2023
20,853
-
20,853
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,074
3,313
Loans from directors
190
1,207
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).