Acorah Software Products - Accounts Production 15.0.310 false true 28 February 2020 1 March 2019 false 29 February 2020 28 February 2021 28 February 2021 08595869 Mr Chesney Davis Mr Denis Davis Vvv Technologies (UK) Limited Mrs Nicole Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08595869 2020-02-28 08595869 2021-02-28 08595869 2020-02-29 2021-02-28 08595869 frs-core:CurrentFinancialInstruments 2021-02-28 08595869 frs-core:ComputerEquipment 2021-02-28 08595869 frs-core:ComputerEquipment 2020-02-29 2021-02-28 08595869 frs-core:ComputerEquipment 2020-02-28 08595869 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-02-28 08595869 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-02-29 2021-02-28 08595869 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-02-28 08595869 frs-core:MotorVehicles 2020-02-29 2021-02-28 08595869 frs-core:RevaluationReserve 2020-02-29 2021-02-28 08595869 frs-core:RevaluationReserve 2021-02-28 08595869 frs-core:SharePremium 2021-02-28 08595869 frs-core:ShareCapital 2021-02-28 08595869 frs-core:RetainedEarningsAccumulatedLosses 2021-02-28 08595869 frs-bus:PrivateLimitedCompanyLtd 2020-02-29 2021-02-28 08595869 frs-bus:FilletedAccounts 2020-02-29 2021-02-28 08595869 frs-bus:SmallEntities 2020-02-29 2021-02-28 08595869 frs-bus:AuditExempt-NoAccountantsReport 2020-02-29 2021-02-28 08595869 frs-bus:SmallCompaniesRegimeForAccounts 2020-02-29 2021-02-28 08595869 frs-core:UnlistedNon-exchangeTraded 2021-02-28 08595869 frs-core:UnlistedNon-exchangeTraded 2020-02-28 08595869 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2020-02-28 08595869 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2021-02-28 08595869 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2020-02-28 08595869 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2021-02-28 08595869 frs-bus:Director1 2020-02-29 2021-02-28 08595869 frs-bus:Director2 2020-02-29 2021-02-28 08595869 frs-bus:Director3 2020-02-29 2021-02-28 08595869 frs-bus:CompanySecretary1 2020-02-29 2021-02-28 08595869 frs-countries:EnglandWales 2020-02-29 2021-02-28 08595869 2019-02-28 08595869 2020-02-28 08595869 2019-03-01 2020-02-28 08595869 frs-core:CurrentFinancialInstruments 2020-02-28 08595869 frs-core:RevaluationReserve 2020-02-28 08595869 frs-core:SharePremium 2020-02-28 08595869 frs-core:ShareCapital 2020-02-28 08595869 frs-core:RetainedEarningsAccumulatedLosses 2020-02-28
Registered number: 08595869
Davis Co. Holdings Ltd.
Unaudited Financial Statements
For The Year Ended 28 February 2021
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08595869
2021 2020
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,989,839 -
Tangible Assets 5 6,966 -
Investments 6 917 917
6,997,722 917
CURRENT ASSETS
Debtors 7 2,446,121 4,600,020
2,446,121 4,600,020
Creditors: Amounts Falling Due Within One Year 8 (1,939,050 ) (948,195 )
NET CURRENT ASSETS (LIABILITIES) 507,071 3,651,825
TOTAL ASSETS LESS CURRENT LIABILITIES 7,504,793 3,652,742
NET ASSETS 7,504,793 3,652,742
CAPITAL AND RESERVES
Called up share capital 9 10,051 10,051
Share premium account 472,897 472,897
Revaluation reserve 10 4,750,000 -
Profit and Loss Account 2,271,845 3,169,794
SHAREHOLDERS' FUNDS 7,504,793 3,652,742
Page 1
Page 2
For the year ending 28 February 2021 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Vvv Technologies (UK) Limited
Director
18 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Davis Co. Holdings Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08595869 . The registered office is Nova Studios Roe Cross Industrial Park, Mottram, Hyde, SK14 6NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Computer Equipment 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2020: 4)
4 4
4. Intangible Assets
Development Costs
£
Cost
As at 29 February 2020 -
Additions 6,989,839
As at 28 February 2021 6,989,839
Net Book Value
As at 28 February 2021 6,989,839
As at 29 February 2020 -
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 29 February 2020 -
Additions 6,966
As at 28 February 2021 6,966
Net Book Value
As at 28 February 2021 6,966
As at 29 February 2020 -
6. Investments
Unlisted
£
Cost
As at 29 February 2020 61,188
As at 28 February 2021 61,188
Provision
As at 29 February 2020 60,271
As at 28 February 2021 60,271
Net Book Value
As at 28 February 2021 917
As at 29 February 2020 917
7. Debtors
2021 2020
£ £
Due within one year
Trade debtors 1,994,190 -
Prepayments and accrued income 26,112 -
Other debtors 123,401 123,401
Amounts owed by group undertakings 302,418 4,476,619
2,446,121 4,600,020
8. Creditors: Amounts Falling Due Within One Year
2021 2020
£ £
Bank loans and overdrafts 8,110 8,110
Other creditors 940,085 940,085
Directors' loan accounts 92,906 -
Amounts owed to group undertakings 897,949 -
1,939,050 948,195
Page 4
Page 5
9. Share Capital
2021 2020
£ £
Allotted, Called up and fully paid 10,051 10,051
10. Reserves
Revaluation Reserve
£
Transfer to profit and loss 4,750,000
As at 28 February 2021 4,750,000
Page 5