DEVELECO LIMITED


Directors	MCWILLIAMS, Paul
	PEDLER, Lucy


Company Secretary	PEDLER, Lucy


Registered Address	26 Berkeley Square
	Clifton
	Bristol
	BS8 1HP


Registered Number	05040543 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		399,026		403,439
			399,026		403,439
Current assets
Debtors		4,876		5,771
Cash at bank and on hand		17,023		8,737
		21,899		14,508
Creditors amounts falling due within one year	4	(91,718)		(85,473)
Net current assets (liabilities)			(69,819)		(70,965)
Total assets less current liabilities			329,207		332,474
Net assets			329,207		332,474
Capital and reserves
Called up share capital			2		2
Revaluation reserve			38,597		38,597
Profit and loss account			290,608		293,875
Shareholders' funds			329,207		332,474

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 June 2025, and are signed on its behalf by:

MCWILLIAMS, Paul
Director
Registered Company No. 05040543

DEVELECO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	383,547	3,429	34,908	421,884
Additions	-	693	-	693
At 31 March 25	383,547	4,122	34,908	422,577
Depreciation and impairment
At 01 April 24	-	2,354	16,091	18,445
Charge for year	-	402	4,704	5,106
At 31 March 25	-	2,756	20,795	23,551
Net book value
At 31 March 25	383,547	1,366	14,113	399,026
At 31 March 24	383,547	1,075	18,817	403,439

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	504	6,457
Other creditors	84,468	73,388
Accrued liabilities and deferred income	6,746	5,628
Total	91,718	85,473


	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.