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
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
Devenports Limited
Statement of financial position
as at 31 December 2023
Tangible assets
50,013
56,974
Cash at bank and in hand
87,127
188,588
Creditors: amounts falling due within one year
(116,889)
(138,646)
Net current assets
125,657
64,123
Net assets
175,670
121,097
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
Devenports Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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.
Devenports Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
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.
The accounts are presented in £ sterling.
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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
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
At 31 December 2023
44,736
1,448
3,829
50,013
At 31 March 2023
49,363
1,930
5,681
56,974
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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
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Creditors: amounts falling due within one year
31/12/2023
31/03/2023
Taxes and social security
29,923
27,155
Other creditors
34,384
34,000
Loans from directors
34,026
63,006
Devenports Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
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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
8
Average number of employees
During the period the average number of employees was 3 (31/03/2023: 3).