DEVI TECHNOLOGIES LIMITED - Accounts

DEVI TECHNOLOGIES LIMITED - Company Information

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Registered Number: 08554980

England and Wales

DEVI TECHNOLOGIES LIMITED

Abridged Accounts

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

DEVI TECHNOLOGIES LIMITED
Contents Page
For the year ended 31 December 2021

Statement of financial position	1
Notes to the financial statements	2

DEVI TECHNOLOGIES LIMITED
Statement of Financial Position
As at 31 December 2021

	2021 £	2020 £
Fixed assets
Tangible fixed assets	2,079	2,773
	2,079	2,773
Current assets
Debtors: amounts falling due within one year	0	5
Cash at bank and in hand	(27,540)	(27,239)
	(27,540)	(27,234)
Creditors: amount falling due within one year	(129,342)	(136,321)
Net current liabilities	(156,882)	(163,555)

Total assets less current liabilities	(154,803)	(160,782)
Creditors: amount falling due after more than one year	(50,618)	(50,000)
Provisions for liabilities	(406)	(159)
Net liabilities	(205,827)	(210,941)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(205,927)	(211,041)
Shareholder's funds	(205,827)	(210,941)

For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 27 June 2022 and were signed by:

--------------------------------
Mr. Sunil Kumar Vellanki
Director

DEVI TECHNOLOGIES LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2021

General Information

DEVI TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08554980, registration address Vyse Terrace Branston Court, Branston Street, Birmingham, B18 6BA

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 16 (2020 : 11).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 January 2021	9,334	9,334
Additions	-	-
Disposals	-	-
At 31 December 2021	9,334	9,334
Depreciation
At 01 January 2021	6,561	6,561
Charge for year	694	694
On disposals	-	-
At 31 December 2021	7,255	7,255
Net book values
Closing balance as at 31 December 2021	2,079	2,079
Opening balance as at 01 January 2021	2,773	2,773

Share Capital

Allotted, called up and fully paid	2021 £		2020 £
100 Ordinary shares of £1.00 each	100		100
	100		100

5.	Control The ultimate controlling party is held by Sunil Vellanki the director and shareholder of the company.