Registered number
14643950
Devere Connect Limited
Filleted Accounts
28 February 2025
Devere Connect Limited
Registered number: 14643950
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 8,037 10,440
Cash at bank and in hand 663 15,307
8,700 25,747
Creditors: amounts falling due within one year 4 (215,826) (187,632)
Net current liabilities (207,126) (161,885)
Net liabilities (207,126) (161,885)
Capital and reserves
Called up share capital 1 1
Profit and loss account (207,127) (161,886)
Shareholder's funds (207,126) (161,885)
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 her 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.
Ms S Patel
Director
Approved by the board on 9 June 2025
Devere Connect Limited
Notes to the Accounts
for the year ended 28 February 2025
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 rendering of services. Turnover from the rendering of services primarily relates to the provision of administrative services to accountancy firms on a contingency fee basis, turnover is recognised only when there is a guaranteed recovery and when the value of the revenue can be reliabily estimated.
Work in progress
Work in progress is measured under UITF40 and is recognised where it fee income is known to be realised, and it is possible to measure with a reasonable level of accuracy.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2025 2024
£ £
Trade debtors 1,087 295
Prepayments 82 6,745
Other debtors 6,868 3,400
8,037 10,440
Debtors include work in progress valued under UITF40.
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 61 15,283
Taxation and social security costs 2,145 11,569
Accruals 1,620 780
Other creditors 212,000 160,000
215,826 187,632
5 Controlling party
The company is controlled by Ms S Patel by virtue of her 100% shareholding.
6 Going concern
The company was insolvent as at the balance sheet date. The director intends to continue to support the company therefore the accounts are prepared on a going concern basis.
7 Other information
Devere Connect Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 Oakworth Drive
Bolton
BL1 7BB
Devere Connect Limited 14643950 false 2024-02-29 2025-02-28 2025-02-28 VT Final Accounts April 2025 Ms S Patel No description of principal activity 14643950 2023-02-06 2024-02-28 14643950 core:WithinOneYear 2024-02-28 14643950 core:ShareCapital 2024-02-28 14643950 core:RetainedEarningsAccumulatedLosses 2024-02-28 14643950 2024-02-29 2025-02-28 14643950 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14643950 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 14643950 bus:Director40 2024-02-29 2025-02-28 14643950 1 2024-02-29 2025-02-28 14643950 2 2024-02-29 2025-02-28 14643950 countries:England 2024-02-29 2025-02-28 14643950 bus:FRS102 2024-02-29 2025-02-28 14643950 bus:FilletedAccounts 2024-02-29 2025-02-28 14643950 2025-02-28 14643950 core:WithinOneYear 2025-02-28 14643950 core:ShareCapital 2025-02-28 14643950 core:RetainedEarningsAccumulatedLosses 2025-02-28 14643950 2024-02-28 iso4217:GBP xbrli:pure