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REGISTERED NUMBER: 05132924 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Development Contracting Limited

Development Contracting Limited (Registered number: 05132924)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Development Contracting Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S F Smith
A P Gent





REGISTERED OFFICE: 17 Donnelly Road
Bournemouth
Dorset
BH6 5NW





REGISTERED NUMBER: 05132924 (England and Wales)





ACCOUNTANTS: Simon Scott Accounts
17 Donnelly Road
Bournemouth
Dorset
BH6 5NW

Development Contracting Limited (Registered number: 05132924)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,872 2,495

CURRENT ASSETS
Stocks 473,619 472,419
Debtors 5 311 294
Cash at bank 9,460 2,355
483,390 475,068
CREDITORS
Amounts falling due within one year 6 261,840 252,886
NET CURRENT ASSETS 221,550 222,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,422

224,677

CREDITORS
Amounts falling due after more than
one year

7

280,699

292,000
NET LIABILITIES (57,277 ) (67,323 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (57,279 ) (67,325 )
SHAREHOLDERS' FUNDS (57,277 ) (67,323 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Development Contracting Limited (Registered number: 05132924)

Balance Sheet - continued
30 April 2024


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 25 September 2024 and were signed on its behalf by:




S F Smith - Director



A P Gent - Director


Development Contracting Limited (Registered number: 05132924)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Development Contracting 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 machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Development Contracting Limited (Registered number: 05132924)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 4,650 3,400 8,050
DEPRECIATION
At 1 May 2023 3,261 2,294 5,555
Charge for year 347 276 623
At 30 April 2024 3,608 2,570 6,178
NET BOOK VALUE
At 30 April 2024 1,042 830 1,872
At 30 April 2023 1,389 1,106 2,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 311 294

Development Contracting Limited (Registered number: 05132924)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,620 -
Other creditors 255,220 252,886
261,840 252,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 30,699 42,000
Other creditors 250,000 250,000
280,699 292,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

9. GOING CONCERN

At the Balance Sheet date the Company was insolvent. The Company continues to benefit from the support of the Directors and consequently the Accounts are prepared on a going concern basis.

10. CONTROL

The Company is under the control of the Directors who between them own 100% of the issued share capital.