DAVINA FASHIONS LTD

Company Registration Number:
02007694 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

DAVINA FASHIONS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

DAVINA FASHIONS LTD

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 138,981 190,855
Total fixed assets: 138,981 190,855
Current assets
Stocks: 213,056 325,564
Debtors:   78,436 130,502
Cash at bank and in hand: 174,354 44,085
Total current assets: 465,846 500,151
Creditors: amounts falling due within one year: 4 (676,032) (532,117)
Net current assets (liabilities): (210,186) (31,966)
Total assets less current liabilities: (71,205) 158,889
Total net assets (liabilities): (71,205) 158,889
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (71,305) 158,789
Shareholders funds: (71,205) 158,889

The notes form part of these financial statements

DAVINA FASHIONS LTD

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 August 2022
and signed on behalf of the board by:

Name: Ms H Chow
Status: Director

The notes form part of these financial statements

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods ,excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Leasehold Property -over remaining term of leaseMotor Vehicles - 25% on reducing balanceEquipment & Fixtures - 25% on reducing balance

Valuation and information policy

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

Other accounting policies

Deferred TaxationDeferred Taxation is provided using the liability method, only where there is a reasonable probability that it will become payable in the forseeable future.Foreign CurrenciesAssets 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.

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 21 23

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 1,207,165
Additions 833
At 30 November 2021 1,207,998
Depreciation
At 01 December 2020 1,016,310
Charge for year 52,707
At 30 November 2021 1,069,017
Net book value
At 30 November 2021 138,981
At 30 November 2020 190,855

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Creditors: amounts falling due within one year note

2021 2020 ------- -------Trade creditors 307074 220102Directors' current accounts 15211 5211Accrued expenses 47034 61983VAT 110143 92992Social security and other 68304 101829TaxationBank loan 45000 50000Davina London Group Ltd 83266 - --------- --------- 676032 532117 --------- ---------

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Financial commitments

Operating Lease CommitmentsPayable within one year £218700, between 2 and 5 years £526100 and over 5 years £80000

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Related party transactions

The company is controlled by directors , by virtue of their controlling interest in the equity share capital of the holding company.