REGISTERED NUMBER: 02764682 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DEVAGLADE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr H H Kalaria

Mrs A H Kalaria

Mr A Patel

SECRETARY:

Mrs A H Kalaria

REGISTERED OFFICE:

214 Fakenham Road

Taverham

Norwich

Norfolk

NR8 6QN

REGISTERED NUMBER:

02764682 (England and Wales)

ACCOUNTANTS:

Mahendra Patel

Chartered Certified Accountants

46 Yeading Fork

Hayes

Middlesex

UB4 9DQ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,682,267

1,748,517

Investments

6

559,365

559,365

2,241,632

2,307,882

CURRENT ASSETS

Inventories

2,000

2,000

Debtors

7

293,227

351,419

Cash at bank and in hand

1,157,910

809,731

1,453,137

1,163,150

CREDITORS

Amounts falling due within one year

8

595,099

614,502

NET CURRENT ASSETS

858,038

548,648

TOTAL ASSETS LESS CURRENT LIABILITIES

3,099,670

2,856,530

CREDITORS

Amounts falling due after more than one year

9

(25,927

)

(31,483

)

PROVISIONS FOR LIABILITIES

(87,942

)

(95,194

)

NET ASSETS

2,985,801

2,729,853

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

2,985,501

2,729,553

2,985,801

2,729,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 1 August 2025 and were signed on its behalf by:

Dr H H Kalaria - Director

1.	STATUTORY INFORMATION

Devaglade 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amounts paid in connection with acquisition of new businesses.This goodwill was amortised evenly over its estimated useful life of ten years and has been fully amortised.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and at varying rates

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Inventories 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 161 (2024 - 155 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

465,000

AMORTISATION

At 1 April 2024

and 31 March 2025

465,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,841,545

2,137,954

3,979,499

Additions

-

47,272

47,272

At 31 March 2025

1,841,545

2,185,226

4,026,771

DEPRECIATION

At 1 April 2024

517,565

1,713,417

2,230,982

Charge for year

30,888

82,634

113,522

At 31 March 2025

548,453

1,796,051

2,344,504

NET BOOK VALUE

At 31 March 2025

1,293,092

389,175

1,682,267

At 31 March 2024

1,323,980

424,537

1,748,517

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

559,365

NET BOOK VALUE

At 31 March 2025

559,365

At 31 March 2024

559,365

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

258,477

323,095

Amounts owed by group undertakings

15,000

-

Other debtors

19,750

28,324

293,227

351,419

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

87,254

139,928

Amounts owed to group undertakings

80,000

80,000

Taxation and social security

162,983

118,419

Other creditors

259,306

270,599

595,099

614,502

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

25,927

31,483

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,704

9,260