1 April 2023 false Taxfiler 2024.6 13356069business:PrivateLimitedCompanyLtd2023-04-012023-12-31 133560692023-03-31 133560692023-04-012023-12-31 13356069business:AuditExemptWithAccountantsReport2023-04-012023-12-31 13356069business:FilletedAccounts2023-04-012023-12-31 133560692023-12-31 13356069business:Director12023-04-012023-12-31 13356069business:Director22023-04-012023-12-31 13356069business:RegisteredOffice2023-04-012023-12-31 133560692023-03-31 13356069core:WithinOneYear2023-12-31 13356069core:WithinOneYear2023-03-31 13356069core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13356069core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13356069core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 13356069core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 13356069core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13356069core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13356069core:PreviouslyStatedAmount2023-12-31 13356069core:PreviouslyStatedAmount2023-03-31 13356069business:SmallEntities2023-04-012023-12-31 13356069countries:EnglandWales2023-04-012023-12-31 13356069core:LandBuildings2023-04-012023-12-31 13356069core:FurnitureFittings2023-04-012023-12-31 13356069core:ComputerEquipment2023-04-012023-12-31 13356069core:LandBuildings2023-03-31 13356069core:FurnitureFittings2023-03-31 13356069core:ComputerEquipment2023-03-31 13356069core:LandBuildings2023-12-31 13356069core:FurnitureFittings2023-12-31 13356069core:ComputerEquipment2023-12-31 13356069business:OrdinaryShareClass12023-04-012023-12-31 13356069business:OrdinaryShareClass12022-04-012023-03-31 13356069business:OrdinaryShareClass22023-04-012023-12-31 13356069business:OrdinaryShareClass22022-04-012023-03-31 13356069business:AllOrdinaryShares2023-04-012023-12-31 13356069business:AllOrdinaryShares2022-04-012023-03-31 133560692022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13356069 (England and Wales)
Devenports Limited Unaudited accounts for the period from 1 April 2023 to 31 December 2023
Devenports Limited Unaudited accounts Contents
Page
- 2 -
Devenports Limited Company Information for the period from 1 April 2023 to 31 December 2023
Directors
James Cottee Aaron Baxter
Company Number
13356069 (England and Wales)
Registered Office
77A Richmond Road Twickenham Middlesex TW1 3AW England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
- 3 -
Devenports Limited Statement of financial position as at 31 December 2023
31/12/2023 
31/03/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,013 
56,974 
Current assets
Debtors
155,419 
14,181 
Cash at bank and in hand
87,127 
188,588 
242,546 
202,769 
Creditors: amounts falling due within one year
(116,889)
(138,646)
Net current assets
125,657 
64,123 
Net assets
175,670 
121,097 
Capital and reserves
Called up share capital
300 
300 
Share premium
23,800 
23,800 
Profit and loss account
151,570 
96,997 
Shareholders' funds
175,670 
121,097 
For the period ending 31 December 2023 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 31 December 2024 and were signed on its behalf by
James Cottee Director Company Registration No. 13356069
- 4 -
Devenports Limited Notes to the Accounts for the period from 1 April 2023 to 31 December 2023
1
Statutory information
Devenports Limited is a private company, limited by shares, registered in England and Wales, registration number 13356069. The registered office is 77A Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
- 5 -
Devenports Limited Notes to the Accounts for the period from 1 April 2023 to 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
61,703 
3,216 
9,877 
74,796 
At 31 December 2023
61,703 
3,216 
9,877 
74,796 
Depreciation
At 1 April 2023
12,340 
1,286 
4,196 
17,822 
Charge for the period
4,627 
482 
1,852 
6,961 
At 31 December 2023
16,967 
1,768 
6,048 
24,783 
Net book value
At 31 December 2023
44,736 
1,448 
3,829 
50,013 
At 31 March 2023
49,363 
1,930 
5,681 
56,974 
5
Debtors
31/12/2023 
31/03/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,067 
7,200 
Amounts due from group undertakings etc.
117,806 
- 
Accrued income and prepayments
7,004 
4,625 
Other debtors
4,542 
2,356 
155,419 
14,181 
6
Creditors: amounts falling due within one year
31/12/2023 
31/03/2023 
£ 
£ 
VAT
15,616 
13,993 
Trade creditors
2,940 
492 
Taxes and social security
29,923 
27,155 
Other creditors
34,384 
34,000 
Loans from directors
34,026 
63,006 
116,889 
138,646 
- 6 -
Devenports Limited Notes to the Accounts for the period from 1 April 2023 to 31 December 2023
7
Share capital
31/12/2023 
31/03/2023 
£ 
£ 
Allotted, called up and fully paid:
288 Ordinary A Shares of £1 each
288 
288 
12 Ordinary B Shares of £1 each
12 
12 
300 
300 
8
Average number of employees
During the period the average number of employees was 3 (31/03/2023: 3).
- 7 -