2022-08-01 03406774 2023-07-31 03406774 2022-08-01 2023-07-31 03406774 2022-07-31 03406774 2021-08-01 2022-07-31 03406774 uk-core:WithinOneYear 2022-07-31 03406774 uk-core:WithinOneYear 2023-07-31 03406774 uk-core:AfterOneYear 2022-07-31 03406774 uk-core:AfterOneYear 2023-07-31 03406774 uk-core:ShareCapital 2023-07-31 03406774 uk-core:ShareCapital 2022-07-31 03406774 uk-core:RevaluationReserve 2023-07-31 03406774 uk-core:RevaluationReserve 2022-07-31 03406774 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 03406774 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 03406774 uk-bus:Director1 2022-08-01 2023-07-31 03406774 uk-core:Buildings 2022-08-01 2023-07-31 03406774 uk-core:ComputerEquipment 2022-08-01 2023-07-31 03406774 uk-core:FurnitureFittings 2022-08-01 2023-07-31 03406774 uk-core:ComputerEquipment 2022-07-31 03406774 uk-core:FurnitureFittings 2022-07-31 03406774 uk-core:Buildings 2022-07-31 03406774 uk-core:Buildings 2023-07-31 03406774 uk-core:FurnitureFittings 2023-07-31 03406774 uk-core:ComputerEquipment 2023-07-31 03406774 uk-core:WithinOneYear uk-core:Secured 2023-07-31 03406774 uk-core:WithinOneYear uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure 03406774 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03406774 uk-bus:FRS102 2022-08-01 2023-07-31 03406774 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 03406774 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Digital Video Systems Limited
Registered Number:03406774
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Digital Video Systems Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03406774
As at 31 July 2023
Digital Video Systems Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
477,870
481,878
2
477,870
481,878
Current assets
Inventories
178,982
128,081
3
Trade and other receivables
253,924
27,190
4
650,775
Cash and cash equivalents
972,569
1,127,840
1,083,681
Trade and other payables: amounts falling due within one
year
(393,325)
(271,297)
5
690,356
856,543
Net current assets
Total assets less current liabilities
1,334,413
1,172,234
Trade and other payables: amounts falling due after more
than one year
(58,007)
(30,593)
6
1,303,820
Net assets
1,114,227
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
307,865
307,865
7
Retained earnings
985,955
796,362
1,303,820
1,114,227
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
03406774
For the year ended 31 July 2023
Digital Video Systems Limited
Statement of Financial Position Continued
P M Topping Director
These financial statements were approved and authorised for issue by the Board on 09 April 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Digital Video Systems Limited
Notes to the Financial Statements
Statutory Information
Digital Video Systems Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03406774.
Registered address:
35 Church Street
Weybridge
Surrey
KT13 8DG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2 % Straight line
33.3 % Straight line
Computer & Office Equipment
33.3 % Straight line
Furniture and Fittings
Inventories
Inventories are value 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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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6
For the year ended 31 July 2023
Digital Video Systems Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer &
Office
Equipment
Furniture and
Fittings
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 August 2022
733,521
162,858
20,663
550,000
At 31 July 2023
550,000
20,663
162,858
733,521
Provision for depreciation and impairment
At 01 August 2022
251,643
162,858
20,663
68,122
Charge for year
4,008
-
-
4,008
At 31 July 2023
255,651
162,858
20,663
72,130
At 31 July 2023
Net book value
477,870
-
-
477,870
At 31 July 2022
481,878
-
-
481,878
3. Inventories
2022
2023
£
£
Stocks
128,081
178,982
4. Trade and other receivables
2022
2023
£
£
Trade debtors
26,592
253,842
Other debtors
598
82
253,924
27,190
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
23,000
23,000
Trade creditors
145,069
293,637
Taxation and social security
97,881
72,591
Other creditors
5,347
4,097
271,297
393,325
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7
For the year ended 31 July 2023
Digital Video Systems Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
30,593
58,007
7. Reserves
Total
£
Revaluation reserve at 01 August 2022
307,865
307,865
Revaluation reserve at 31 July 2023
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 3)
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