Dv Signage Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 06569702 (England and Wales)

DV SIGNAGE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page

Company information

1

Accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Directors:

R S F Lytton Cobbold

J R W Henry

Registered office:

The Estate Office

Knebworth House

Knebworth

Hertfordshire

SG3 6PY

Registered number:

06569702 (England and Wales)

Accountants:

Menzies LLP

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dv Signage Ltd for the year ended 31st March 2023 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dv Signage Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dv Signage Ltd and state those matters that we have agreed to state to the Board of Directors of Dv Signage Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dv Signage Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dv Signage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dv Signage Ltd. You consider that Dv Signage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dv Signage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Menzies LLP

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

13th December 2023

FIXED ASSETS

Intangible assets

5

4,634

18,576

Property, plant and equipment

6

24,143

24,871

28,777

43,447

CURRENT ASSETS

Inventories

39,444

14,921

Debtors

7

2,136,532

1,173,578

Cash at bank and in hand

53,526

633,480

2,229,502

1,821,979

CREDITORS

Amounts falling due within one year

8

(1,728,068

)

(998,865

)

NET CURRENT ASSETS

501,434

823,114

TOTAL ASSETS LESS CURRENT LIABILITIES

530,211

866,561

CREDITORS

Amounts falling due after more than one year

9

(146,333

)

(195,820

)

PROVISIONS FOR LIABILITIES

(7,194

)

(5,815

)

NET ASSETS

376,684

664,926

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

376,584

664,826

SHAREHOLDERS' FUNDS

376,684

664,926

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th December 2023 and were signed on its behalf by:

R S F Lytton Cobbold - Director

1.	STATUTORY INFORMATION

Dv Signage Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue

Revenue represents the total value of goods and services supplied, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Development costs

Development assets are initially measured at cost and represent the cost of developing new software.

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

Development costs are being amortised evenly over their estimated useful life of five years.

Property, plant and equipment

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

Fixtures and fittings

-

10% on cost

Inventories

Inventories are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the income statement in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1st April 2022

and 31st March 2023

68,526

Amortisation

At 1st April 2022

49,950

Charge for year

13,942

At 31st March 2023

63,892

Net book value

At 31st March 2023

4,634

At 31st March 2022

18,576

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

Cost

At 1st April 2022

and 31st March 2023

31,221

Depreciation

At 1st April 2022

6,350

Charge for year

728

At 31st March 2023

7,078

Net book value

At 31st March 2023

24,143

At 31st March 2022

24,871

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,388,187

376,121

Amounts owed by connected companies

430,602

406,697

Other debtors

317,743

390,760

2,136,532

1,173,578

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

45,866

31,611

Amounts owed to connected companies

1,072,102

747,083

Taxation and social security

4,750

23,147

Other creditors

555,350

147,024

1,728,068

998,865

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

146,333

195,820

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

196,333

245,820

Security has been provided to the company bankers by way of a fixed and floating charge over all assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

500

Ordinary A

£0.10

50

50

500

Ordinary B

£0.10

50

50

100

100

12.	RELATED PARTY DISCLOSURES

All loans have been repaid within 9 months of the year end.