Devere Software Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04915126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2019

FOR

DEVERE SOFTWARE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E P Brewster

SECRETARY:

Mrs S Y Brewster

REGISTERED OFFICE:

Two Oaks

Nags Head Lane

Great Missenden

Buckinghamshire

HP16 0ER

REGISTERED NUMBER:

04915126 (England and Wales)

ACCOUNTANTS:

Nyman Linden, a division of JSA Services

4th Floor, Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

485

647

Investments

6

165,505

156,591

165,990

157,238

CURRENT ASSETS

Debtors

43,030

36,203

Cash at bank

132,834

100,488

175,864

136,691

CREDITORS

Amounts falling due within one year

43,623

40,321

NET CURRENT ASSETS

132,241

96,370

TOTAL ASSETS LESS CURRENT LIABILITIES

298,231

253,608

PROVISIONS FOR LIABILITIES

1,356

405

NET ASSETS

296,875

253,203

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

5,498

1,443

Retained earnings

8

291,277

251,660

SHAREHOLDERS' FUNDS

296,875

253,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 May 2020 and were signed by:

Mr E P Brewster - Director

1.	STATUTORY INFORMATION

Devere Software 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

-

25% on reducing balance

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.

Investments

Investment is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

and 31 October 2019

2,996

DEPRECIATION

At 1 November 2018

2,349

Charge for year

162

At 31 October 2019

2,511

NET BOOK VALUE

At 31 October 2019

485

At 31 October 2018

647

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 November 2018

156,591

Additions

17,527

Disposals

(13,619

)

Revaluations

5,006

At 31 October 2019

165,505

NET BOOK VALUE

At 31 October 2019

165,505

At 31 October 2018

156,591

Cost or valuation at 31 October 2019 is represented by:

Totals

£

Valuation in 2019

165,505

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Reserves

£291,277

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. The pension cost charge represents contributions

payable by the company to the fund and amounted to £49,996 (2018 - £48,596).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2019 and

31 October 2018:

2019

2018

£

£

Mr E P Brewster

Balance outstanding at start of year

(1,880

)

6,527

Amounts advanced

53,533

88,789

Amounts repaid

(51,592

)

(97,196

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

61

(1,880

)