Develotec Design and Build Ltd - Accounts to registrar - small 17.1

Develotec Design and Build Ltd - Accounts to registrar - small 17.1


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REGISTERED NUMBER: 09666873(England and Wales)














Develotec Design and Build Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2017






Develotec Design and Build Ltd (Registered number: 09666873)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Develotec Design and Build Ltd

Company Information
for the Year Ended 30 April 2017







DIRECTORS: S D Neal
J R H Mould





SECRETARY:





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 09666873(England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Develotec Design and Build Ltd (Registered number: 09666873)

Balance Sheet
30 April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,967 -

CURRENT ASSETS
Debtors 5 464,973 149,086
Cash at bank 60,071 25,706
525,044 174,792
CREDITORS
Amounts falling due within one year 6 233,846 143,035
NET CURRENT ASSETS 291,198 31,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,165

31,757

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 297,065 31,657
SHAREHOLDERS' FUNDS 297,165 31,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 June 2017and were signed on its behalf by:



S D Neal- Director


Develotec Design and Build Ltd (Registered number: 09666873)

Notes to the Financial Statements
for the Year Ended 30 April 2017

1. STATUTORY INFORMATION

Develotec Design and Build 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 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3.

Develotec Design and Build Ltd (Registered number: 09666873)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 4,625 1,400 6,025
At 30 April 2017 4,625 1,400 6,025
DEPRECIATION
Charge for year - 58 58
At 30 April 2017 - 58 58
NET BOOK VALUE
At 30 April 2017 4,625 1,342 5,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 464,973 149,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 172,787 83,081
Taxation 91,318 14,539
Social security and other taxes (97,923 ) (24,746 )
VAT 72,856 25,286
Other creditors - 300
Loan (10,000 ) 44,575
Directors' current accounts 4,808 -
233,846 143,035