DAVINA FASHIONS LTD

Company Registration Number:
02007694 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

DAVINA FASHIONS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

DAVINA FASHIONS LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 55,415 90,176
Total fixed assets: 55,415 90,176
Current assets
Stocks: 348,530 295,832
Debtors:   50,732 115,486
Cash at bank and in hand: 55,657 70,195
Total current assets: 454,919 481,513
Creditors: amounts falling due within one year: 4 (769,480) (757,889)
Net current assets (liabilities): (314,561) (276,376)
Total assets less current liabilities: (259,146) (186,200)
Total net assets (liabilities): (259,146) (186,200)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (259,246) (186,300)
Shareholders funds: (259,146) (186,200)

The notes form part of these financial statements

DAVINA FASHIONS LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2024
and signed on behalf of the board by:

Name: Helena Chow
Status: Director

The notes form part of these financial statements

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods, excluding value added tax

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold Property - over remaining term of lease Equipment & Fixtures - 25% on reducing balance

Other accounting policies

Stocks Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items Deferred Taxation Deferred taxation is provided using the liability method, only where there is a reasonable probability that it will become payable in the forseeable future. 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 21 20

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 1,187,577
Additions 9,236
At 30 November 2023 1,196,813
Depreciation
At 01 December 2022 1,097,401
Charge for year 43,997
At 30 November 2023 1,141,398
Net book value
At 30 November 2023 55,415
At 30 November 2022 90,176

DAVINA FASHIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022 ------ ------ Trade creditors 356715 373137 Directors' current accounts 13670 12211 Accrued expenses 144810 101107 V.A.T 56541 64976 Social security and other taxation 68958 68192 Davina London Group Ltd 103266 103266 Bank loan 25000 35000 Davina Investments Ltd 520 - ---------- ----------- 769480 757889 ---------- -----------