Company Registration No. 11764476 (England and Wales)
Divi Engine Limited
Unaudited accounts
for the year ended 31 January 2021
Divi Engine Limited
Unaudited accounts
Contents
Divi Engine Limited
Company Information
for the year ended 31 January 2021
Directors
Peter Wilkinson
Amy Wilkinson
Company Number
11764476 (England and Wales)
Registered Office
Church House
Llanwenarth
Monmouthshire
NP7 7EP
Accountants
Wednesday Professional Services Ltd
10 Queen Street
Ipswich
Suffolk
IP1 1SS
Divi Engine Limited
Statement of financial position
as at 31 January 2021
Intangible assets
20,000
22,500
Cash at bank and in hand
76,111
21,027
Creditors: amounts falling due within one year
(39,958)
(44,304)
Net current assets/(liabilities)
36,153
(23,277)
Called up share capital
2
2
Profit and loss account
56,903
723
Shareholders' funds
56,905
725
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2021 and were signed on its behalf by
Peter Wilkinson
Director
Company Registration No. 11764476
Divi Engine Limited
Notes to the Accounts
for the year ended 31 January 2021
Divi Engine Limited is a private company, limited by shares, registered in England and Wales, registration number 11764476. The registered office is Church House, Llanwenarth, Monmouthshire, NP7 7EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill associated with the incorporation of teh business is written off over 10 years.
4
Intangible fixed assets
Goodwill
Goodwill represents the brand value of Divi Engine and the Divi Engine Website transferred into the business upon incorporation.
Divi Engine Limited
Notes to the Accounts
for the year ended 31 January 2021
5
Tangible fixed assets
Computer equipment
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
32,959
14,299
Loans from directors
327
30,005
7
Transactions with related parties
The Company acquired the rights to trade as Divi Engine and the corresponding web-site and customer list on 14th January 2019 for the sum of £25,000 from Mr Wilkinson, a director. The company began trading using these assets on 1st February 2019.
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
