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REGISTERED NUMBER: 05992662 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

DAVISCOMMS UK LIMITED

DAVISCOMMS UK LIMITED (REGISTERED NUMBER: 05992662)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVISCOMMS UK LIMITED

Company Information
for the Year Ended 30 November 2021







Director: S Thyagarajan





Secretary: Mrs R Srinivasan





Registered office: 74 Faraday Drive
Shenley Lodge
Milton Keynes
Buckinghamshire





Registered number: 05992662 (England and Wales)





Accountants: PKW Accountancy Ltd
Second Floor
1 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE

DAVISCOMMS UK LIMITED (REGISTERED NUMBER: 05992662)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
Fixed assets
Tangible assets 5 6,659 8,842

Current assets
Stocks 52,500 52,500
Debtors 6 269,071 261,094
Cash at bank 2,300,890 2,198,979
2,622,461 2,512,573
Creditors
Amounts falling due within one year 7 1,618,238 1,613,518
Net current assets 1,004,223 899,055
Total assets less current liabilities 1,010,882 907,897

Creditors
Amounts falling due after more than one
year

8

-

50,000
Net assets 1,010,882 857,897

Capital and reserves
Called up share capital 100 100
Retained earnings 1,010,782 857,797
Shareholders' funds 1,010,882 857,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 August 2022 and were signed by:



S Thyagarajan - Director


DAVISCOMMS UK LIMITED (REGISTERED NUMBER: 05992662)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. Statutory information

Daviscomms UK 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. 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.

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 cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 4 (2020 - 4 ) .

DAVISCOMMS UK LIMITED (REGISTERED NUMBER: 05992662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2020 15,359
Additions 208
At 30 November 2021 15,567
Depreciation
At 1 December 2020 6,517
Charge for year 2,391
At 30 November 2021 8,908
Net book value
At 30 November 2021 6,659
At 30 November 2020 8,842

6. Debtors: amounts falling due within one year
30.11.21 30.11.20
£    £   
Trade debtors 21,634 168,342
Other debtors 247,437 92,752
269,071 261,094

7. Creditors: amounts falling due within one year
30.11.21 30.11.20
£    £   
Trade creditors 810,753 802,383
Amounts owed to group undertakings 668,247 668,247
Taxation and social security 38,638 59,270
Other creditors 100,600 83,618
1,618,238 1,613,518

8. Creditors: amounts falling due after more than one year
30.11.21 30.11.20
£    £   
Bank loans - 50,000

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.21 30.11.20
£    £   
Within one year 9,322 27,965
Between one and five years - 9,322
9,322 37,287

DAVISCOMMS UK LIMITED (REGISTERED NUMBER: 05992662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21 30.11.20
£    £   
S Thyagarajan
Balance outstanding at start of year - 6,454
Amounts advanced 283 -
Amounts repaid - (6,454 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 283 -

The loan was repayable on demand and interest free.