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REGISTERED NUMBER: 11183488 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

DVP Media Ltd

DVP Media Ltd (Registered number: 11183488)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

DVP Media Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A C Paul





REGISTERED OFFICE: Rosedale
Winchester Road
Alresford
Winchester
Hampshire
SO24 9EZ





REGISTERED NUMBER: 11183488 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

DVP Media Ltd (Registered number: 11183488)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,182 7,701

CURRENT ASSETS
Stocks - 5,250
Cash at bank 174,257 128,857
174,257 134,107
CREDITORS
Amounts falling due within one year 5 21,174 22,564
NET CURRENT ASSETS 153,083 111,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,265

119,244

PROVISIONS FOR LIABILITIES 6 795 1,463
NET ASSETS 156,470 117,781

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 156,469 117,780
SHAREHOLDERS' FUNDS 156,470 117,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:




A C Paul - Director


DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

DVP Media 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.

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.
Fixtures and fittings - 25% 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.

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

3. EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022 24,161
Additions 3,492
Disposals (21,035 )
At 28 February 2023 6,618
DEPRECIATION
At 1 March 2022 16,460
Charge for year 7,011
Eliminated on disposal (21,035 )
At 28 February 2023 2,436
NET BOOK VALUE
At 28 February 2023 4,182
At 28 February 2022 7,701

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 12,313 12,347
Social security and other taxes 231 -
VAT 5,989 7,536
Directors' current accounts 1,641 2,681
Accrued expenses 1,000 -
21,174 22,564

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 795 1,463

Deferred
tax
£   
Balance at 1 March 2022 1,463
Accelerated capital allowances (668 )
Balance at 28 February 2023 795

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 (2022 - £35,000) were paid to the director .

The director maintains a loan account with the company. At the year end the company owed him £1,641 (2022: £2,681).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
DVP Media Ltd

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 DVP Media Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, 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 director of DVP Media Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DVP Media Ltd and state those matters that we have agreed to state to the director of DVP Media Ltd 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 DVP Media Ltd and its director for our work or for this report.

It is your duty to ensure that DVP Media 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 profit of DVP Media Ltd. You consider that DVP Media 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 DVP Media 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.






Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH


13 October 2023