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Company Registration No. 07676726 (England and Wales)
Develop Group Ltd Unaudited accounts for the year ended 31 March 2026
Develop Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Develop Group Ltd Company Information for the year ended 31 March 2026
Directors
Mr K M Hammond Mr J Tait
Company Number
07676726 (England and Wales)
Registered Office
Fig Flex 4th Floor 18 King William Street London EC4N 7BP United Kingdom
Accountants
Qaff Consultants Ltd 130 The Drive Ilford Essex IG1 3JG
- 3 -
Develop Group Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
13,578
8,270
Tangible assets
5
38,042
49,669
51,620
57,939
Current assets
Debtors
6
2,352,989
1,671,833
Cash at bank and in hand
471,740
481,285
2,824,729
2,153,118
Creditors: amounts falling due within one year
7
(2,109,012)
(1,427,643)
Net current assets
715,717
725,475
Total assets less current liabilities
767,337
783,414
Creditors: amounts falling due after more than one year
8
(75,134)
(34,853)
Net assets
692,203
748,561
Capital and reserves
Called up share capital
10,000
10,000
Capital redemption reserve
53
53
Profit and loss account
682,150
738,508
Shareholders' funds
692,203
748,561
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by
Mr J Tait Director Company Registration No. 07676726
- 4 -
Develop Group Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Develop Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07676726. The registered office is Fig Flex, 4th Floor, 18 King William Street, London, EC4N 7BP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
Develop Group Ltd Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 April 2025
520,500
16,050
536,550
Additions
-
9,826
9,826
At 31 March 2026
520,500
25,876
546,376
Amortisation
At 1 April 2025
520,500
7,780
528,280
Charge for the year
-
4,518
4,518
At 31 March 2026
520,500
12,298
532,798
Net book value
At 31 March 2026
-
13,578
13,578
At 31 March 2025
-
8,270
8,270
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 Development Costs - 25% reducing balance
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
6,804
134,115
140,919
Additions
-
5,569
5,569
At 31 March 2026
6,804
139,684
146,488
Depreciation
At 1 April 2025
6,804
84,446
91,250
Charge for the year
8,093
9,103
17,196
At 31 March 2026
14,897
93,549
108,446
Net book value
At 31 March 2026
(8,093)
46,135
38,042
At 31 March 2025
-
49,669
49,669
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
1,450,865
691,153
Accrued income and prepayments
703,596
658,053
Other debtors
40,168
40,100
2,194,629
1,389,306
Amounts falling due after more than one year
Amounts due from group undertakings etc.
158,360
282,527
- 6 -
Develop Group Ltd Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
777,812
60,000
VAT
175,580
59,535
Trade creditors
508,684
594,865
Taxes and social security
144,089
257,851
Other creditors
22,845
31,482
Accruals
410,816
423,910
Deferred income
69,186
-
2,109,012
1,427,643
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
265,707
20,000
Taxes and social security
14,484
14,485
Loans from directors
(205,057)
368
75,134
34,853
9
Average number of employees
During the year the average number of employees was 19 (2025: 24).
- 7 -