Davis Grant Limited - Accounts to registrar (filleted) - small 18.2

Davis Grant Limited - Accounts to registrar (filleted) - small 18.2

DAVIS GRANT LIMITED - Company Information

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REGISTERED NUMBER: 07113456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Davis Grant Limited

Davis Grant Limited (Registered number: 07113456)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


Davis Grant Limited (Registered number: 07113456)

Balance Sheet
31 December 2021

2021 2020
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,750,000 1,750,000
Tangible assets 5 25,476 22,914
1,775,476 1,772,914

CURRENT ASSETS
Debtors 6 1,605,373 1,444,784
Cash at bank and in hand 882,739 1,047,516
2,488,112 2,492,300
CREDITORS
Amounts falling due within one year 7 989,660 1,222,213
NET CURRENT ASSETS 1,498,452 1,270,087
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,273,928
3,043,001

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 3,269,928 3,039,001
SHAREHOLDERS' FUNDS 3,273,928 3,043,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 notes form part of these financial statements

Page 1 continued...
Davis Grant Limited (Registered number: 07113456)

Balance Sheet - continued
31 December 2021


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2022 and were signed on its behalf by:




B G Chernoff - Director



N M Driver - Director


The notes form part of these financial statements

Page 2
Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Davis Grant Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number is 07113456 and registered office address is Treviot House, 186-192 High Road, Ilford, Essex IG1 1LR.

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of parts of a business in 2010 and 2014 and the fair value of the identifiable assets and liabilities. Goodwill is not amortised on the basis that it is considered that the fair value is at least equal to the carrying value. An annual impairment review is undertaken each year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 3 continued...
Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 1,750,000
NET BOOK VALUE
At 31 December 2021 1,750,000
At 31 December 2020 1,750,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 67,993 78,299 146,292
Additions - 20,211 20,211
At 31 December 2021 67,993 98,510 166,503
DEPRECIATION
At 1 January 2021 49,455 73,923 123,378
Charge for year 8,640 9,009 17,649
At 31 December 2021 58,095 82,932 141,027
NET BOOK VALUE
At 31 December 2021 9,898 15,578 25,476
At 31 December 2020 18,538 4,376 22,914

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade debtors 442,899 405,168
Other debtors 676,075 480,675
Prepayments 61,399 51,441
Accrued Income 425,000 507,500
1,605,373 1,444,784

Page 4 continued...
Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade creditors 56,641 39,839
Amounts owed to associates 207,672 255,759
Tax 151,052 186,164
VAT 92,894 167,868
Other creditors 4,069 3,428
Directors accounts 204,455 325,434
Accruals and deferred income 272,877 243,721
989,660 1,222,213

8. LEASING AGREEMENTS
Total operation lease commitments at the balance sheet date were £188,250

9. ULTIMATE CONTROLLING PARTY

The company does not have a single controlling shareholder

Page 5