Devon Conversions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02472006 (England and Wales)

Unaudited Financial Statements

for the Period

1 February 2025 to 30 April 2026

for

Devon Conversions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Gowland

H A Gowland

SECRETARY:

H A Gowland

REGISTERED OFFICE:

Mainsforth Road

Ferryhill

Co Durham

DL17 9DE

REGISTERED NUMBER:

02472006 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

-

6,797

CURRENT ASSETS

Stocks

-

1,207,262

Debtors

5

22,477

15,059

Cash at bank and in hand

173,112

236,607

195,589

1,458,928

CREDITORS

Amounts falling due within one year

6

(169,589

)

(334,830

)

NET CURRENT ASSETS

26,000

1,124,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,000

1,130,895

CAPITAL AND RESERVES

Called up share capital

8

26,000

Retained earnings

-

1,104,895

SHAREHOLDERS' FUNDS

26,000

1,130,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2026 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

H A Gowland - Director

1.	STATUTORY INFORMATION

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

There were no material departures from the standard.

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.

Going concern

The accounts have been prepared on the break up basis. The company ceased trading on 30 April 2026. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous. The financial statements do not included any provision for the future costs of terminating the business of the company except for to the extent that such costs were committed at the balance sheet date.

Company has extended their year end to 30 April. This has been done as the company has ceased trade on 30 April therefore the accounts represent a 15 month period.

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those conducted under normal market conditions.

Turnover

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

Income recognition

Income is recognised at the point at which the risks and rewards of the goods are transferred to the customer, usually on delivery of goods to the customer.

Turnover from the provision of services is recognised at the point of the service having been provided.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks

Stocks are valued at the lower of selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of: direct cost of production plus attributable overheads based on normal levels of activity, or selling price less estimated costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

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.

Operating lease rentals

Rentals payable under operating leases are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 February 2025

67,214

552

6,400

12,093

86,259

Additions

3,917

-

3,917

Disposals

(71,131

)

(552

)

(6,400

)

(12,093

)

(90,176

)

At 30 April 2026

-

DEPRECIATION

At 1 February 2025

60,431

538

6,400

12,093

79,462

Charge for period

2,365

4

-

2,369

Eliminated on disposal

(62,796

)

(542

)

(6,400

)

(12,093

)

(81,831

)

At 30 April 2026

-

NET BOOK VALUE

At 30 April 2026

-

At 31 January 2025

6,783

14

-

6,797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

-

14,383

Other debtors

22,477

-

Prepayments and accrued income

-

676

22,477

15,059

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

6,575

77,458

Amounts owed to group undertakings

86,971

153,049

Taxation and social security

76,043

75,122

Other creditors

-

1,105

Payments on account

-

23,285

Director's current account

-

611

Accruals and deferred income

-

4,200

169,589

334,830

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

-

75,200

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

26,000

Ordinary

£1

26,000

9.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2026

2025

£

Amounts due to directors

-

611

No interest has been charged.

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is PHG Holdings Durham Limited, a company incorporated in England.

The registered office is Mainsforth Road, Ferryhill, County Durham, DL17 9DE.