IRIS Accounts Production v24.3.2.46 05895166 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058951662023-09-30058951662024-09-30058951662023-10-012024-09-30058951662022-09-30058951662022-10-012023-09-30058951662023-09-3005895166ns15:EnglandWales2023-10-012024-09-3005895166ns14:PoundSterling2023-10-012024-09-3005895166ns10:Director12023-10-012024-09-3005895166ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005895166ns10:SmallEntities2023-10-012024-09-3005895166ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005895166ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005895166ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005895166ns10:FullAccounts2023-10-012024-09-3005895166ns10:Director22023-10-012024-09-3005895166ns10:RegisteredOffice2023-10-012024-09-3005895166ns5:CurrentFinancialInstruments2024-09-3005895166ns5:CurrentFinancialInstruments2023-09-3005895166ns5:ShareCapital2024-09-3005895166ns5:ShareCapital2023-09-3005895166ns5:RetainedEarningsAccumulatedLosses2024-09-3005895166ns5:RetainedEarningsAccumulatedLosses2023-09-3005895166ns5:CurrentFinancialInstruments2023-10-012024-09-3005895166ns10:Director222023-09-3005895166ns10:Director222022-09-3005895166ns10:Director222023-10-012024-09-3005895166ns10:Director222022-10-012023-09-3005895166ns10:Director222024-09-3005895166ns10:Director222023-09-30
REGISTERED NUMBER: 05895166 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Develop by Design Limited

Develop by Design Limited (Registered number: 05895166)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Develop by Design Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: T S Crocker





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 05895166 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Develop by Design Limited (Registered number: 05895166)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 321,122 -
Debtors 4 30,500 20,000
Cash at bank 4,219 112,915
355,841 132,915
CREDITORS
Amounts falling due within one year 5 (237,323 ) (33,860 )
NET CURRENT ASSETS 118,518 99,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,518

99,055

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 118,418 98,955
118,518 99,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 February 2025 and were signed by:





T S Crocker - Director


Develop by Design Limited (Registered number: 05895166)

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

1. STATUTORY INFORMATION

Develop by Design 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 (£).


The principal activity of the company continued to be that of development of building projects.

2. ACCOUNTING POLICIES

ACCOUNTING CONVENTION
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.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold - No depreciation

No depreciation has been charged on freehold land and buildings, as it is the director's policy is to maintain the buildings in a continual state of sound repair. The directors consider that the lives of these assets are so long and the residual values so high that depreciation is not material.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT 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.


Develop by Design Limited (Registered number: 05895166)

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

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable,net of discounts. Turnover includes revenue earned from the rendering of services.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 30,500 20,000

The director considers the carrying value of trade and other receivables approximate to their fair values

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 219,771 12,270
Taxation and social security 6,107 19,256
Other creditors 11,445 2,334
237,323 33,860

The director considers the carrying amounts of current liabilities approximate to their fair values.

6. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Develop by Design Limited (Registered number: 05895166)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
T S Crocker
Balance outstanding at start of year (1,619 ) (1,619 )
Amounts repaid (9,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,619 ) (1,619 )

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors is an amount of £10,619 (2023 - £1,619) due to the director. This loan is interest free and repayable on demand.

At the balance sheet date, included in amounts owed to associates is an amount of £179,771 (2023 - £12,270) owed to companies, owned and controlled by the director T Crocker.

At the balance sheet date, included in amounts owed by associates is an amount of £30,500 (2023 - £20,000) owed by a company, owned and controlled by the director T Crocker.