DEVERELL LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01463413

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		-		1,000

			-		1,000
CURRENT ASSETS
Stocks	6	88,650		85,000
Debtors	7	63,679		20,500
Cash at bank and in hand		116,634		146,096

		268,963		251,596
Creditors: Amounts Falling Due Within One Year	8	(66,000 )		(80,002 )

NET CURRENT ASSETS (LIABILITIES)			202,963		171,594

TOTAL ASSETS LESS CURRENT LIABILITIES			202,963		172,594

PROVISIONS FOR LIABILITIES
Deferred Taxation			(250 )		(190 )

NET ASSETS			202,713		172,404

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			202,613		172,304

SHAREHOLDERS' FUNDS			202,713		172,404

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DEVERELL LIMITED

Balance Sheet (continued)

As At 31 March 2026

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gavin Locke

Director

25/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

DEVERELL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01463413 . The registered office is Bridge House, 2 Bridge Avenue, Maidenhead, Berkshire, SL6 1RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% SL
Motor Vehicles	25% Sl
Fixtures & Fittings	25% SL
Computer Equipment	25% SL

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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DEVERELL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	53,531	40,068
Deferred Tax
Deferred taxation			60	(671 )


Total tax charge for the period			53,591	39,397

	2026	2025
	£	£
Profit before tax	215,020	161,821

Breakdown of tax charge is:
Tax on profit at 25% (UK standard rate)	53,531	40,068
Short term timing differences	60	(671 )

Total tax charge for the period	53,591	39,397

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	3,500	38,431	625	42,556

As at 31 March 2026	3,500	38,431	625	42,556

Depreciation
As at 1 April 2025	3,500	37,588	468	41,556
Provided during the period	-	843	157	1,000

As at 31 March 2026	3,500	38,431	625	42,556

Net Book Value
As at 31 March 2026	-	-	-	-

As at 1 April 2025	-	843	157	1,000

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DEVERELL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	88,650	85,000

7. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	45,500	-
Deposit for rent	11,375	10,500
Directors' loan accounts	6,804	10,000

	63,679	20,500

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	53,531	40,068
VAT	2,247	15,571
Other creditors	63	63
Accruals and deferred income	2,998	3,980
Directors' loan accounts	7,161	20,320

	66,000	80,002

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Robert Locke	10,000	-	-	-	10,000

The above loan is unsecured, interest free and repayable on demand.

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