DVDP Ltd
Registered number: 11743455
Statement of Financial Position
as at 30 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 296,803 280,245
Current assets
Stocks 1,000 1,000
Debtors 4 2,299 1,458
Cash at bank and in hand 8,078 11,943
11,377 14,401
Creditors: amounts falling due within one year 5 (230,637) (222,240)
Net current liabilities (219,260) (207,839)
Total assets less current liabilities 77,543 72,406
Creditors: amounts falling due after more than one year 6 (39,017) (54,974)
Provisions for liabilities (4,195) -
Net assets 34,331 17,432
Capital and reserves
Called up share capital 4 4
Profit and loss account 34,327 17,428
Shareholders' funds 34,331 17,432
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 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.
C Eddeler
Director
Approved by the board on 4 August 2025
DVDP Ltd
Notes to the Accounts
for the year ended 30 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction 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. 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 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.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 5 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 31 December 2023 288,969 4,241 293,210
Additions - 27,052 27,052
At 30 December 2024 288,969 31,293 320,262
Depreciation
At 31 December 2023 11,110 1,855 12,965
Charge for the year 3,134 7,360 10,494
At 30 December 2024 14,244 9,215 23,459
Net book value
At 30 December 2024 274,725 22,078 296,803
At 30 December 2023 277,859 2,386 280,245
4 Debtors 2024 2023
£ £
Prepayments 1,542 1,458
Other debtors 757 -
2,299 1,458
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,010 14,487
Obligations under finance lease and hire purchase contracts 9,238 -
Accruals 1,231 1,170
Corporation tax 2,000 3,646
Other taxes and social security costs - 168
Other creditors 213,158 202,769
230,637 222,240
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 23,250
Obligations under finance lease and hire purchase contracts 26,369 31,724
Trade creditors 12,648 -
39,017 54,974
7 Other information
DVDP Ltd is a private company limited by shares and incorporated in England. Its registered office is:
115 Deepcut Bridge Road
Deepcut
Camberley
Surrey
GU16 6SD
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