Devcomp Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04470701 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Devcomp Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I S Deverill

SECRETARY:

Mrs A E Deverill

REGISTERED OFFICE:

18 Elgin Road

Poole

England

Dorset

BH14 8ER

REGISTERED NUMBER:

04470701 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,714

9,844

7,714

9,844

CURRENT ASSETS

Debtors

44,213

44,490

Prepayments and accrued income

5,977

6,934

Cash at bank

30,754

30,420

80,944

81,844

CREDITORS

Amounts falling due within one year

50,640

55,733

NET CURRENT ASSETS

30,304

26,111

TOTAL ASSETS LESS CURRENT LIABILITIES

38,018

35,955

PROVISIONS FOR LIABILITIES

1,524

1,946

NET ASSETS

36,494

34,009

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

36,394

33,909

SHAREHOLDERS' FUNDS

36,494

34,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 November 2015 and were signed by:

I S Deverill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover represents invoiced sales of goods and services, net of VAT and includes accrued sales in accordance

with application Note G (per Financial Reporting Standard 5).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

24,997

AMORTISATION

At 1 April 2014

and 31 March 2015

24,997

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

20,511

Additions

3,671

Disposals

(240

)

At 31 March 2015

23,942

DEPRECIATION

At 1 April 2014

10,667

Charge for year

5,801

Eliminated on disposal

(240

)

At 31 March 2015

16,228

NET BOOK VALUE

At 31 March 2015

7,714

At 31 March 2014

9,844

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary £1

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

2015

2014

£

£

I S Deverill

Balance outstanding at start of year

(18,481

)

(26,616

)

Amounts advanced

22,484

44,830

Amounts repaid

(27,800

)

(36,695

)

Balance outstanding at end of year

(23,797

)

(18,481

)

The company provided the director with a current account where items of personal expenditure paid for by the

company were charged. The amounts were repaid by the award of bonuses and dividends to the director.

At the beginning and end of the year the director was owed monies from the company. All the advances were

interest free and unsecured.