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REGISTERED NUMBER: 02728257 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Deva Designs Limited

Deva Designs Limited (Registered number: 02728257)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deva Designs Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: A P Maddock
Mrs J A Williams





REGISTERED OFFICE: Unit 6, Chelford Close
Sealand Road Industrial Estate
Chester
Cheshire
CH1 4NE





REGISTERED NUMBER: 02728257 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Deva Designs Limited (Registered number: 02728257)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,835 5,503
5,835 5,503

CURRENT ASSETS
Stocks 389,075 548,924
Debtors 6 401,651 311,534
Cash at bank and in hand 79,687 48,771
870,413 909,229
CREDITORS
Amounts falling due within one year 7 (446,156 ) (363,766 )
NET CURRENT ASSETS 424,257 545,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,092

550,966

CREDITORS
Amounts falling due after more than one year 8 (240,295 ) (126,489 )

PROVISIONS FOR LIABILITIES (1,184 ) (1,041 )
NET ASSETS 188,613 423,436

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 138,613 373,436
SHAREHOLDERS' FUNDS 188,613 423,436

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

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

Deva Designs Limited (Registered number: 02728257)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:





Mrs J A Williams - Director


Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Deva Designs 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 (£).


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 measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred all the significant risks and rewards of ownership of the goods to the buyer;
- the company retains neither continuing managerial involvement, nor effective control, over the goods to the degree usually associated with ownership;
- the amount of the revenue can be reliably measured;
-it is probable (ie, more likely than not) that the economic benefits associated with the sale will flow to the entity; and
- the costs (to be) incurred in respect of the transaction can be reliably measured. Turnover is recognised on despatch of goods which is the point at which the company transfers the significant risks and rewards of ownership of the goods to the customer.
The company retains legal title of the goods until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership. Amounts received in advance of shipping goods to customers are recognised as deferred income and presented within creditors: amounts falling due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Tangible fixed assets are included at cost less cumulative depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024
and 31 December 2024 40,000
AMORTISATION
At 1 January 2024
and 31 December 2024 40,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 202,731
Additions 3,791
At 31 December 2024 206,522
DEPRECIATION
At 1 January 2024 197,228
Charge for year 3,459
At 31 December 2024 200,687
NET BOOK VALUE
At 31 December 2024 5,835
At 31 December 2023 5,503

Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 184,575 183,628
Other debtors 217,076 127,906
401,651 311,534

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 84,830 65,989
Trade creditors 99,075 83,722
Taxation and social security 44,343 41,566
Other creditors 217,908 172,489
446,156 363,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 240,295 126,489

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Lloyds Bank commercial finance 160,954 156,142

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
A P Maddock
Balance outstanding at start of year 55,878 56,084
Amounts advanced 56,117 56,294
Amounts repaid (56,000 ) (56,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,995 55,878

Mrs A Rogers
Balance outstanding at start of year 11,387 (1,428 )
Amounts advanced 40,067 73,815
Amounts repaid (51,454 ) (61,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,387

Deva Designs Limited (Registered number: 02728257)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J A Williams
Balance outstanding at start of year - -
Amounts advanced 56,089 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,089 -

The loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date was a balance owed by Drewan Limited of £6,974 (2023 £5,816), the company's ultimate parent company. This advance is unsecured, interest free and repayable on demand.

Included within other creditors is £37,689 (2023 £11,387 debit) owed to Mrs A Rogers, an exiting director of the company, this balance is unsecured, interest free and repayable on demand.

Included within other debtors is £55,995 (2023 £55,878) owed from Mr A P Maddock, a director of the company, this balance is unsecured, interest free and repayable on demand.

Included within other debtors is £56,089 (2023 £55,878) owed from Mrs J A Williams. a director of the company, this balance is unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Drewan Limited a company incorporated in England and Wales. The company is controlled by directors A P Maddock and Mrs J Williams who have equal shareholdings in Drewan Limited.

13. GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.