Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05992662 S Thyagarajan R Srinivasan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05992662 2022-11-30 05992662 2023-11-30 05992662 2022-12-01 2023-11-30 05992662 frs-core:CurrentFinancialInstruments 2023-11-30 05992662 frs-core:ComputerEquipment 2022-12-01 2023-11-30 05992662 frs-core:PlantMachinery 2023-11-30 05992662 frs-core:PlantMachinery 2022-12-01 2023-11-30 05992662 frs-core:PlantMachinery 2022-11-30 05992662 frs-core:ShareCapital 2023-11-30 05992662 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05992662 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05992662 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 05992662 frs-bus:SmallEntities 2022-12-01 2023-11-30 05992662 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05992662 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05992662 frs-bus:Director1 2022-12-01 2023-11-30 05992662 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 05992662 frs-countries:EnglandWales 2022-12-01 2023-11-30 05992662 2021-11-30 05992662 2022-11-30 05992662 2021-12-01 2022-11-30 05992662 frs-core:CurrentFinancialInstruments 2022-11-30 05992662 frs-core:ShareCapital 2022-11-30 05992662 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 05992662
Daviscomms UK Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
PKW Accountancy Limited
Second Floor
1 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05992662
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,058 5,268
5,058 5,268
CURRENT ASSETS
Stocks 177,902 159,075
Debtors 5 70,664 87,653
Investments 1,019,192 -
Cash at bank and in hand 1,925,418 3,065,750
3,193,176 3,312,478
Creditors: Amounts Falling Due Within One Year 6 (2,303,811 ) (2,393,851 )
NET CURRENT ASSETS (LIABILITIES) 889,365 918,627
TOTAL ASSETS LESS CURRENT LIABILITIES 894,423 923,895
NET ASSETS 894,423 923,895
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 894,323 923,795
SHAREHOLDERS' FUNDS 894,423 923,895
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The financial statements were approved by the board of directors on 29 August 2024 and were signed on its behalf by:
S Thyagarajan
Director
29th August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Daviscomms UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05992662 . The registered office is 74 Faraday Drive, Shenley Lodge, Milton Keynes, Buckinghamshire, MK5 7HQ.
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. 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:
Plant & Machinery 20% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 December 2022 15,984
Additions 1,767
Disposals (2,207 )
As at 30 November 2023 15,544
Depreciation
As at 1 December 2022 10,716
Provided during the period 1,977
Disposals (2,207 )
As at 30 November 2023 10,486
Net Book Value
As at 30 November 2023 5,058
As at 1 December 2022 5,268
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 17,715
Other debtors 70,664 69,938
70,664 87,653
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 793,061 792,049
Amounts owed to participating interests 1,465,379 1,501,660
Other creditors 45,371 98,578
Taxation and social security - 1,564
2,303,811 2,393,851
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4