Davis Ground IT Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11364611 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAVIS GROUND IT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Ground

N Davis

REGISTERED OFFICE:

Unit 19, Mercia Village

Torwood Close

Westwood Business Park

Coventry

CV4 8HX

REGISTERED NUMBER:

11364611 (England and Wales)

ACCOUNTANTS:

Cooke Watts & Co Ltd

Vectis House

Banbury Street

Kineton

Warwick

Warwickshire

CV35 0JS

FIXED ASSETS

Tangible assets

4

25,106

12,768

CURRENT ASSETS

Debtors

5

97,181

111,529

Cash at bank

122,500

166,190

219,681

277,719

CREDITORS

Amounts falling due within one year

6

101,820

121,913

NET CURRENT ASSETS

117,861

155,806

TOTAL ASSETS LESS CURRENT LIABILITIES

142,967

168,574

PROVISIONS FOR LIABILITIES

4,242

1,863

NET ASSETS

138,725

166,711

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

138,625

166,611

SHAREHOLDERS' FUNDS

138,725

166,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:

N Davis - Director

B Ground - Director

1.	STATUTORY INFORMATION

Davis Ground IT Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

21,897

Additions

23,579

Disposals

(4,683

)

At 31 May 2023

40,793

DEPRECIATION

At 1 June 2022

9,129

Charge for year

8,368

Eliminated on disposal

(1,810

)

At 31 May 2023

15,687

NET BOOK VALUE

At 31 May 2023

25,106

At 31 May 2022

12,768

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

84,555

103,044

Other debtors

12,626

8,485

97,181

111,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

29,954

33,074

Taxation and social security

61,054

71,318

Other creditors

10,812

17,521

101,820

121,913