2 Develop Limited - Filleted accounts

2 Develop Limited - Filleted accounts

2 DEVELOP LIMITED - Company Information

Print Friendly Version

Registered number
10460842
2 Develop Limited
Filleted Accounts
31 March 2018
2 Develop Limited
Registered number: 10460842
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 106 132
Current assets
Debtors 3 6,980 18,833
Cash at bank and in hand 16,847 4,550
23,827 23,383
Creditors: amounts falling due within one year 4 (10,499) (7,005)
Net current assets 13,328 16,378
Net assets 13,434 16,510
Capital and reserves
Profit and loss account 13,414 16,510
Shareholders' funds 13,434 16,510
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D E Levine
Director
Approved by the board on 6 December 2018
2 Develop Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions -
At 31 March 2018 132
Depreciation
Charge for the year 26
At 31 March 2018 26
Net book value
At 31 March 2018 106
3 Debtors 2018 2017
£ £
Trade debtors 6,980 17,745
Other debtors - 1,088
6,980 18,833
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 750 600
5 Other information
2 Develop Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Harlow Terrace
Harrogate
HG2 0PN
2 Develop Limited 10460842 false 2017-04-01 2018-03-31 2018-03-31 VT Final Accounts March 2018 D E Levine No description of principal activity 10460842 core:WithinOneYear 2017-03-31 10460842 core:RetainedEarningsAccumulatedLosses 2017-03-31 10460842 2017-04-01 2018-03-31 10460842 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 10460842 bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 10460842 bus:Director40 2017-04-01 2018-03-31 10460842 1 2017-04-01 2018-03-31 10460842 2 2017-04-01 2018-03-31 10460842 core:PlantMachinery 2017-04-01 2018-03-31 10460842 countries:England 2017-04-01 2018-03-31 10460842 bus:FRS102 2017-04-01 2018-03-31 10460842 bus:FullAccounts 2017-04-01 2018-03-31 10460842 2018-03-31 10460842 core:WithinOneYear 2018-03-31 10460842 core:RetainedEarningsAccumulatedLosses 2018-03-31 10460842 core:PlantMachinery 2018-03-31 10460842 2017-03-31 iso4217:GBP