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REGISTERED NUMBER: 08621605 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Devcon Limited

Devcon Limited (Registered number: 08621605)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Devcon Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L Pope
D Butler





REGISTERED OFFICE: 1 Bensted Close
Hunton
Maidstone
Kent
ME15 0SD





REGISTERED NUMBER: 08621605 (England and Wales)





ACCOUNTANTS: M N Jenks & Co Limited
72 Commercial Road
Paddock Wood
Tonbridge
Kent
TN12 6DP

Devcon Limited (Registered number: 08621605)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,697 278,776

CURRENT ASSETS
Debtors 5 1,438,665 1,128,816
Cash at bank 192,674 98,225
1,631,339 1,227,041
CREDITORS
Amounts falling due within one year 6 645,890 491,945
NET CURRENT ASSETS 985,449 735,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,146

1,013,872

PROVISIONS FOR LIABILITIES 7 1,035 1,380
NET ASSETS 1,256,111 1,012,492

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,256,110 1,012,491
SHAREHOLDERS' FUNDS 1,256,111 1,012,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Devcon Limited (Registered number: 08621605)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





L Pope - Director


Devcon Limited (Registered number: 08621605)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Devcon 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 business is conducted from Unit 6, Minster Court, Tuscam Way, Camberley, Surrey GU15 3YY.

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 the total amount receivable by the company in the ordinary course of business for construction services supplied.

Turnover includes the value of work completed during the financial year after reference to the total contract value and stage of completion of the project.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 50 years
Plant and machinery - 25% on reducing instalments basis

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

The Freehold Property does not constitute an investment property and for this reason it has been presented at cost less accumulated depreciation with no valuation being carried out. An impairment review is carried out each year to ensure that no provision is required against its carrying value.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. Deferred tax represents the future tax consequences of transactions and events in the accounts of current and previous periods in respect of all timing differences. Timing differences are differences between taxable profits and total profits as stated in the accounts that arise from the inclusion of income and expenses in tax computations in periods different from those in which they are recognised in the accounts. Deferred tax is provided in full on all timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Pension scheme
The company operates a defined contribution scheme for the benefit of its employees. Contributions are expensed as they become payable.

Devcon Limited (Registered number: 08621605)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 284,955 40,694 325,649
DEPRECIATION
At 1 August 2023 11,699 35,174 46,873
Charge for year 5,699 1,380 7,079
At 31 July 2024 17,398 36,554 53,952
NET BOOK VALUE
At 31 July 2024 267,557 4,140 271,697
At 31 July 2023 273,256 5,520 278,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 447,024 134,209
Amount due from Related Party 394,233 450,408
Other debtors 459,423 428,014
Directors' loan accounts 121,641 116,185
VAT 16,344 -
1,438,665 1,128,816

Amount due from related party is due from Devcon Properties Limited, a company whose entire issued share capital is owned by Lawrence Pope, Director and sole shareholder of Devcon Limited.

Devcon Limited (Registered number: 08621605)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 303,324 298,026
Amount due to Related Party 37,198 -
Corporation Tax (including S455 Tax) 117,925 111,121
Social security and other taxes 22,377 78,998
Other creditors 165,066 3,800
645,890 491,945

Amount due to related party is due to Devcon Commercial Limited, a company whose entire issued share capital is owned by Lawrence Pope, Director and Sole Shareholder of Devcon Limited.

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 1,035 1,380

Deferred
tax
£   
Balance at 1 August 2023 1,380
Credit to Profit and Loss Account during year (345 )
Balance at 31 July 2024 1,035

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

9. PENSION COMMITMENTS

The Company has made payments of £6,044 (2023 - £6,394) to the Company’s auto enrolment pension scheme, on behalf of two of its Directors and employees, during the year. The assets of the schemes are held separately from those of the Company in independently administered funds. The Company's liability is limited to the amount of the contributions payable.

Devcon Limited (Registered number: 08621605)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
L Pope
Balance outstanding at start of year 116,185 111,635
Amounts advanced 5,456 4,550
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,641 116,185

The Company has made a loan to Mr L Pope. At 1 August 2023, £116,185 was outstanding and there was a further advance of £5,456 during the year, so that £121,641 was outstanding at the end of the year. Interest has been charged at HMRC official rates.

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Pope.