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REGISTERED NUMBER: 07113456 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 21 April 2023

for

Davis Grant Limited

Davis Grant Limited (Registered number: 07113456)






Contents of the Financial Statements
for the Period 1 January 2023 to 21 April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Davis Grant Limited (Registered number: 07113456)

Balance Sheet
21 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,750,000 1,750,000
Tangible assets 5 36,762 37,419
1,786,762 1,787,419

CURRENT ASSETS
Debtors 6 1,987,740 1,736,762
Cash at bank and in hand 468,654 817,696
2,456,394 2,554,458
CREDITORS
Amounts falling due within one year 7 1,024,355 1,161,443
NET CURRENT ASSETS 1,432,039 1,393,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,218,801

3,180,434

PROVISIONS FOR LIABILITIES 8,001 8,001
NET ASSETS 3,210,800 3,172,433

CAPITAL AND RESERVES
Called up share capital 5,000 5,600
Capital redemption reserve (113,250 ) -
Retained earnings 3,319,050 3,166,833
SHAREHOLDERS' FUNDS 3,210,800 3,172,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 21 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 21 April 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.

Davis Grant Limited (Registered number: 07113456)

Balance Sheet - continued
21 April 2023


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




B G Chernoff - Director



N M Driver - Director


Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements
for the Period 1 January 2023 to 21 April 2023

1. STATUTORY INFORMATION

Davis Grant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07113456

Registered office: Treviot House
186/192 High Road
Ilford
Essex
IG1 1LR

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of parts of a business in 2010 and 2014 and the fair value of the identifiable assets and liabilities. Goodwill is not amortised on the basis that it is considered that the fair value is at least equal to the carrying value. An annual impairment review is undertaken each year.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 21 April 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 21 April 2023 1,750,000
NET BOOK VALUE
At 21 April 2023 1,750,000
At 31 December 2022 1,750,000

Davis Grant Limited (Registered number: 07113456)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 21 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 68,518 128,661 197,179
Additions - 3,345 3,345
At 21 April 2023 68,518 132,006 200,524
DEPRECIATION
At 1 January 2023 63,507 96,253 159,760
Charge for period 795 3,207 4,002
At 21 April 2023 64,302 99,460 163,762
NET BOOK VALUE
At 21 April 2023 4,216 32,546 36,762
At 31 December 2022 5,011 32,408 37,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 657,234 605,079
Other debtors 703,500 650,075
Prepayments 115,006 86,608
Accrued Income 512,000 395,000
1,987,740 1,736,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 107,735 51,972
Amounts owed to associates 66,186 142,206
Tax 306,812 229,018
VAT 96,453 85,462
Other creditors 9,213 7,413
Directors accounts - 322,530
Accruals and deferred income 437,956 322,842
1,024,355 1,161,443

8. LEASING AGREEMENTS
Total operation lease commitments at the balance sheet date were £257,932

9. ULTIMATE CONTROLLING PARTY

The company does not have a single controlling shareholder