Davey Lane Developments Ltd - Accounts to registrar (filleted) - small 18.2

Davey Lane Developments Ltd - Accounts to registrar (filleted) - small 18.2

DAVEY LANE DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 09155445 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

DAVEY LANE DEVELOPMENTS LTD
DAVEY LANE DEVELOPMENTS LTD (REGISTERED NUMBER: 09155445)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVEY LANE DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2020







DIRECTORS: J P Bacon
N Dowsing





SECRETARY: N Dowsing





REGISTERED OFFICE: 304 Portland Road
Hove
East Sussex
BN3 5LP





REGISTERED NUMBER: 09155445 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
DAVEY LANE DEVELOPMENTS LTD (REGISTERED NUMBER: 09155445)

BALANCE SHEET
31 JULY 2020

2020 2019
as restated
Notes £    £   
CURRENT ASSETS
Stocks 4 479,856 479,856
Debtors 5 11,720 8,931
Cash at bank 4,461 11,489
496,037 500,276
CREDITORS
Amounts falling due within one year 6 109,973 167,219
NET CURRENT ASSETS 386,064 333,057
TOTAL ASSETS LESS CURRENT
LIABILITIES
386,064
333,057

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 386,063 333,056
SHAREHOLDERS' FUNDS 386,064 333,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2021 and were signed on its behalf by:





N Dowsing - Director


The notes form part of these financial statements

Page 2
DAVEY LANE DEVELOPMENTS LTD (REGISTERED NUMBER: 09155445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020


1. STATUTORY INFORMATION

Davey Lane Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

Going concern
The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES

The average number of employees during the year was NIL (2019 - 2 ).

4. STOCKS
2020 2019
as restated
£    £   
Stocks 479,856 479,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
as restated
£    £   
Other debtors 6,720 2,880
VAT - 1,051
Prepayments and accrued income 5,000 5,000
11,720 8,931

Page 3 continued...
DAVEY LANE DEVELOPMENTS LTD (REGISTERED NUMBER: 09155445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2020


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
as restated
£    £   
Trade creditors - 12,200
Amounts owed to related undertakings 64,000 118,000
Tax 12,408 13,812
VAT 2,042 -
Other creditors 20,953 12,580
Directors' current accounts 2,979 2,979
Accruals and deferred income 7,591 7,648
109,973 167,219

Page 4