REGISTERED NUMBER: 07887696 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Develop IT Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M N Stamoulos

S Stamoulos

SECRETARY:

S Stamoulos

REGISTERED OFFICE:

16 Farrington Avenue

Sunderland

Tyne & Wear

SR3 3PF

REGISTERED NUMBER:

07887696 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

4

3,615

448

CURRENT ASSETS

Debtors

5

16,054

20,387

Cash at bank

25,520

32,372

41,574

52,759

CREDITORS

Amounts falling due within one year

6

44,078

50,384

NET CURRENT (LIABILITIES)/ASSETS

(2,504

)

2,375

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111

2,823

PROVISIONS FOR LIABILITIES

852

104

NET ASSETS

259

2,719

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

257

2,717

SHAREHOLDERS' FUNDS

259

2,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

M N Stamoulos - Director

1.	STATUTORY INFORMATION

Develop IT Solutions Ltd 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

3,361

Additions

3,792

Disposals

(2,141

)

At 31 December 2025

5,012

DEPRECIATION

At 1 January 2025

2,913

Charge for year

507

Eliminated on disposal

(2,023

)

At 31 December 2025

1,397

NET BOOK VALUE

At 31 December 2025

3,615

At 31 December 2024

448

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

16,054

20,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

40,128

47,918

Other creditors

3,950

2,466

44,078

50,384

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

M N Stamoulos and S Stamoulos

Balance outstanding at start of year

(575

)

(11,790

)

Amounts advanced

109,593

130,795

Amounts repaid

(106,255

)

(119,580

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,763

(575

)