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Registered number: 09666873
Develotec Design and Build Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
KT Accountants Limited
Chartered Accountants
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09666873
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 637,287 450,135
637,287 450,135
CURRENT ASSETS
Debtors 5 255,321 492,029
Cash at bank and in hand 321,386 205,762
576,707 697,791
Creditors: Amounts Falling Due Within One Year 6 (331,780 ) (310,685 )
NET CURRENT ASSETS (LIABILITIES) 244,927 387,106
TOTAL ASSETS LESS CURRENT LIABILITIES 882,214 837,241
Creditors: Amounts Falling Due After More Than One Year 7 (54,768 ) (154 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (77,484 ) (30,696 )
NET ASSETS 749,962 806,391
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 749,862 806,291
SHAREHOLDERS' FUNDS 749,962 806,391
Page 1
Page 2
For the year ending 30 April 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeffrey Mould
Director
Mr Steven Neal
Director
14 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Develotec Design and Build Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09666873 . The registered office is Castle Farm Barn North Denmead Road, Southwick, Fareham, Hampshire, PO17 6EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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 as incurred.
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2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2024 327,351 20,400 246,620 7,000
Additions - - 285,195 4,495
Disposals - - (23,295 ) -
As at 30 April 2025 327,351 20,400 508,520 11,495
...CONTINUED
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Page 5
Depreciation
As at 1 May 2024 - 17,256 135,114 1,750
Provided during the period - 786 95,891 2,436
Disposals - - (15,856 ) -
As at 30 April 2025 - 18,042 215,149 4,186
Net Book Value
As at 30 April 2025 327,351 2,358 293,371 7,309
As at 1 May 2024 327,351 3,144 111,506 5,250
Computer Equipment Total
£ £
Cost
As at 1 May 2024 10,390 611,761
Additions 6,986 296,676
Disposals (3,473 ) (26,768 )
As at 30 April 2025 13,903 881,669
Depreciation
As at 1 May 2024 7,506 161,626
Provided during the period 2,300 101,413
Disposals (2,801 ) (18,657 )
As at 30 April 2025 7,005 244,382
Net Book Value
As at 30 April 2025 6,898 637,287
As at 1 May 2024 2,884 450,135
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 193,909 425,149
Other debtors 61,412 66,880
255,321 492,029
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,794 4,126
Trade creditors 79,215 221,226
Bank loans and overdrafts 336 -
Amounts owed to participating interests 181,384 (80,485 )
Other creditors 32,728 27,465
Taxation and social security 3,323 138,353
331,780 310,685
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 54,768 154
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,794 4,126
Later than one year and not later than five years 54,768 154
89,562 4,280
89,562 4,280
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Steven Neal (38,911 ) - 39,815 - 904
The above loan is unsecured, interest free and repayable on demand.
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