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REGISTERED NUMBER: 12515901 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Develotec Electrical Limited

Develotec Electrical Limited (Registered number: 12515901)






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


Develotec Electrical Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: JRH Mould
S D Neal
L J Cannell





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 12515901 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Develotec Electrical Limited (Registered number: 12515901)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,847 17,453

CURRENT ASSETS
Stocks 10,424 -
Debtors 5 513,045 313,115
Cash at bank 197,851 74,151
721,320 387,266
CREDITORS
Amounts falling due within one year 6 468,543 142,920
NET CURRENT ASSETS 252,777 244,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,624

261,799

PROVISIONS FOR LIABILITIES 9,962 3,402
NET ASSETS 282,662 258,397

CAPITAL AND RESERVES
Called up share capital 7 130 130
Retained earnings 282,532 258,267
SHAREHOLDERS' FUNDS 282,662 258,397

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.

Develotec Electrical Limited (Registered number: 12515901)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:




JRH Mould - Director S D Neal - Director




L J Cannell - Director


Develotec Electrical Limited (Registered number: 12515901)

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

1. STATUTORY INFORMATION

Develotec Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 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 Statement of Income and Retained Earnings, 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.


Develotec Electrical Limited (Registered number: 12515901)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 31,044
Additions 35,624
At 30 April 2024 66,668
DEPRECIATION
At 1 May 2023 13,591
Charge for year 13,230
At 30 April 2024 26,821
NET BOOK VALUE
At 30 April 2024 39,847
At 30 April 2023 17,453

Develotec Electrical Limited (Registered number: 12515901)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 499,908 207,649
Amounts owed by associates - 31,527
Other debtors 13,137 73,939
513,045 313,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 168,267 35,433
Amounts owed to associates 80,485 -
Taxation and social security 192,461 66,560
Other creditors 27,330 40,927
468,543 142,920

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
150 Ordinary £1 100 100
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
130 130

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
JRH Mould
Balance outstanding at start of year (2,540 ) (36,940 )
Amounts repaid - 34,400
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,540 ) (2,540 )

Develotec Electrical Limited (Registered number: 12515901)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S D Neal
Balance outstanding at start of year (2,540 ) (36,940 )
Amounts repaid - 34,400
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,540 ) (2,540 )

L J Cannell
Balance outstanding at start of year (364 ) (5,241 )
Amounts repaid (13,684 ) 4,877
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,048 ) (364 )

Included within creditors are amounts due to the Director's as above. These loans are undated, unsecured and interest free..