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REGISTERED NUMBER: 05251870 (England and Wales)















D V P (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

D V P (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr T Irving
Mr S J Beetlestone





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 05251870 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,751 6,251
Property, plant and equipment 5 15,877 19,805
19,628 26,056

CURRENT ASSETS
Inventories 3,650 1,750
Debtors 6 70,023 58,615
Cash at bank and in hand 7,980 13,969
81,653 74,334
CREDITORS
Amounts falling due within one year 7 70,007 67,852
NET CURRENT ASSETS 11,646 6,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,274

32,538

CREDITORS
Amounts falling due after more than one
year

8

29,638

32,151
NET ASSETS 1,636 387

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 1,336 87
SHAREHOLDERS' FUNDS 1,636 387

D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:




Mr S J Beetlestone - Director



Mr T Irving - Director


D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

D V P (UK) Limited 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

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 each asset over its estimated useful life.
Fixtures and Fittings - 20% on cost

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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 year was 46 (2022 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 98,000
AMORTISATION
At 1 November 2022 91,749
Charge for year 2,500
At 31 October 2023 94,249
NET BOOK VALUE
At 31 October 2023 3,751
At 31 October 2022 6,251

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and
property Fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 9,067 52,692 61,759
DEPRECIATION
At 1 November 2022 - 41,954 41,954
Charge for year - 3,928 3,928
At 31 October 2023 - 45,882 45,882
NET BOOK VALUE
At 31 October 2023 9,067 6,810 15,877
At 31 October 2022 9,067 10,738 19,805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,695
Other debtors 70,023 56,920
70,023 58,615

D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,009 4,946
Trade creditors 4,336 4,692
Taxation and social security 41,143 36,643
Other creditors 19,519 21,571
70,007 67,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,638 32,151

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,601 12,151

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr S J Beetlestone
Balance outstanding at start of year 14,707 19,107
Amounts advanced 19,451 77,230
Amounts repaid (14,707 ) (81,630 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,451 14,707

D V P (UK) LIMITED (REGISTERED NUMBER: 05251870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr T Irving
Balance outstanding at start of year 14,774 19,107
Amounts advanced 19,451 37,230
Amounts repaid (14,774 ) (41,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,451 14,774

D V P (UK) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
D V P (UK) LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


28 June 2024