DEVELOPED DESIGNS LIMITED - Accounts to registrar (filleted) - small 18.2

DEVELOPED DESIGNS LIMITED - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06413645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020

FOR

DEVELOPED DESIGNS LIMITED

DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

DEVELOPED DESIGNS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020







DIRECTORS: A P Brewster
Mrs P J Brewster





SECRETARY: Mrs P J Brewster





REGISTERED OFFICE: 3b Spur Road
Quarry Lane Ind Est
Chichester
West Sussex
PO19 8PR





REGISTERED NUMBER: 06413645 (England and Wales)





ACCOUNTANTS: Taylor's Financial Accounting Solutions Limited
3b Spur Road
Quarry Lane Ind Est
Chichester
West Sussex
PO19 8PR

DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

BALANCE SHEET
30 JUNE 2020

2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 8,347

CURRENT ASSETS
Stocks - 2,185
Debtors 5 25,452 85,196
Cash at bank 353 213
25,805 87,594
CREDITORS
Amounts falling due within one year 6 25,761 93,337
NET CURRENT ASSETS/(LIABILITIES) 44 (5,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44

2,604

PROVISIONS FOR LIABILITIES - 1,586
NET ASSETS 44 1,018

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 40 1,014
SHAREHOLDERS' FUNDS 44 1,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

BALANCE SHEET - continued
30 JUNE 2020


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 Income Statement has not been delivered.

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





A P Brewster - Director


DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020


1. STATUTORY INFORMATION

DEVELOPED DESIGNS 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 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.

Turnover
Turnover represents income from design and management services provided during the year.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 February 2019 1,598 898 32,628 4,354 39,478
Disposals - - (32,628 ) - (32,628 )
At 30 June 2020 1,598 898 - 4,354 6,850
DEPRECIATION
At 1 February 2019 1,408 898 24,471 4,354 31,131
Charge for period 190 - - - 190
Eliminated on disposal - - (24,471 ) - (24,471 )
At 30 June 2020 1,598 898 - 4,354 6,850
NET BOOK VALUE
At 30 June 2020 - - - - -
At 31 January 2019 190 - 8,157 - 8,347

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors 6,000 779
Amounts owed by group undertakings 2,303 2,303
Other debtors 17,149 82,114
25,452 85,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade creditors 139 1,191
Taxation and social security 25,072 27,597
Other creditors 550 64,549
25,761 93,337

DEVELOPED DESIGNS LIMITED (Registered number: 06413645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2019 TO 30 JUNE 2020


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2020 and the year
ended 31 January 2019:

2020 2019
£ £
A P Brewster
Balance outstanding at start of period 80,688 75,128
Amounts advanced 101,489 87,060
Amounts repaid (182,177 ) (81,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 80,688

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Brewster.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DEVELOPED DESIGNS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of DEVELOPED DESIGNS LIMITED for the period ended 30 June 2020 which comprise the
Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of DEVELOPED DESIGNS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DEVELOPED DESIGNS LIMITED and state those matters that we have agreed to state to the Board of Directors of DEVELOPED DESIGNS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DEVELOPED DESIGNS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DEVELOPED DESIGNS LIMITED. You consider that DEVELOPED DESIGNS LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of DEVELOPED DESIGNS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Taylor's Financial Accounting Solutions Limited
3b Spur Road
Quarry Lane Ind Est
Chichester
West Sussex
PO19 8PR


7 April 2021