Registered number
04707551
Deva Deliveries Limited
Unaudited Filleted Accounts
31 May 2024
Deva Deliveries Limited
Registered number: 04707551
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 55,538 222,751
Current assets
Debtors 5 97,119 129,191
Cash at bank and in hand 215,710 61,120
312,829 190,311
Creditors: amounts falling due within one year 6 (32,002) (31,447)
Net current assets 280,827 158,864
Total assets less current liabilities 336,365 381,615
Creditors: amounts falling due after more than one year 7 (10,000) (20,000)
Provisions for liabilities (7,576) (9,623)
Net assets 318,789 351,992
Capital and reserves
Called up share capital 1 1
Profit and loss account 318,788 351,991
Shareholder's funds 318,789 351,992
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.
N Pamment
Director
Approved by the board on 14 February 2025
Deva Deliveries Limited
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
The directors have decided not to charge depreciation on the freehold building as its value
will not diminish
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 50,000
At 31 May 2024 50,000
Amortisation
At 1 June 2023 50,000
At 31 May 2024 50,000
Net book value
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 153,000 11,035 246,447 410,482
Additions - 4,299 - 4,299
Disposals (153,000) - - (153,000)
At 31 May 2024 - 15,334 246,447 261,781
Depreciation
At 1 June 2023 - 9,587 178,144 187,731
Charge for the year - 1,437 17,075 18,512
At 31 May 2024 - 11,024 195,219 206,243
Net book value
At 31 May 2024 - 4,310 51,228 55,538
At 31 May 2023 153,000 1,448 68,303 222,751
5 Debtors 2024 2023
£ £
Trade debtors 61,866 92,236
Other debtors 35,253 36,955
97,119 129,191
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors - 5,616
Other taxes and social security costs 21,584 15,414
Other creditors 418 417
32,002 31,447
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,000 20,000
8 Other information
Deva Deliveries Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Pall Mell
Nercwys
Yr Wyddgrug
CH7 4LA
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