Developing Commercial Ltd - Period Ending 2020-02-29

Developing Commercial Ltd

Profit and Loss Account for the Period from 23 May 2019 to 29 February 2020

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Developing Commercial Ltd

(Registration number: 12013855)
Balance Sheet as at 29 February 2020

	Note	2020 £
Current assets
Debtors	3	2
Capital and reserves
Called up share capital		2
Total equity		2

For the financial period ending 29 February 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	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 in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 December 2020 and signed on its behalf by:
 

.........................................

Mr Clifford Green
Director

Developing Commercial Ltd

Notes to the Financial Statements for the Period from 23 May 2019 to 29 February 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Crofton Way
Warsash
Southampton
SO31 9FQ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Developing Commercial Ltd

Notes to the Financial Statements for the Period from 23 May 2019 to 29 February 2020

3

Debtors

	2020 £
Other debtors	2
	2