Company Registration No. 11764476 (England and Wales)
Divi Engine Limited
Unaudited accounts
for the year ended 31 January 2023
Divi Engine Limited
Unaudited accounts
Contents
Divi Engine Limited
Company Information
for the year ended 31 January 2023
Directors
Peter Wilkinson
Amy Wilkinson
Company Number
11764476 (England and Wales)
Registered Office
Church House
Llanwenarth
Monmouthshire
NP7 7EP
Accountants
Wednesday Professional Services Ltd
50 Princes Street
Ipswich
Suffolk
IP1 1RJ
Divi Engine Limited
Statement of financial position
as at 31 January 2023
Intangible assets
15,000
17,500
Tangible assets
11,423
17,135
Cash at bank and in hand
41,303
39,348
Creditors: amounts falling due within one year
(28,249)
(30,258)
Net current assets
13,774
9,810
Called up share capital
2
2
Profit and loss account
40,195
44,443
Shareholders' funds
40,197
44,445
For the year ending 31 January 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Peter Wilkinson
Director
Company Registration No. 11764476
Divi Engine Limited
Notes to the Accounts
for the year ended 31 January 2023
Divi Engine Limited is a private company, limited by shares, registered in England and Wales, registration number 11764476. The registered office is Church House, Llanwenarth, Monmouthshire, NP7 7EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill associated with the incorporation of teh business is written off over 10 years.
4
Intangible fixed assets
Goodwill
Goodwill represents the brand value of Divi Engine and the Divi Engine Website transferred into the business upon incorporation.
Divi Engine Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
22,847
2,252
25,099
At 31 January 2023
22,847
2,252
25,099
At 1 February 2022
5,712
2,252
7,964
Charge for the year
5,712
-
5,712
At 31 January 2023
11,424
2,252
13,676
At 31 January 2023
11,423
-
11,423
At 31 January 2022
17,135
-
17,135
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
27,317
28,029
Loans from directors
404
404
8
Transactions with related parties
The Company acquired the rights to trade as Divi Engine and the corresponding web-site and customer list on 14th January 2019 for the sum of £25,000 from Mr Wilkinson, a director. The company began trading using these assets on 1st February 2019.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).