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REGISTERED NUMBER: 01035573 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DIVOTS LIMITED

DIVOTS LIMITED (REGISTERED NUMBER: 01035573)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

DIVOTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: G J Sharp





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 01035573 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

DIVOTS LIMITED (REGISTERED NUMBER: 01035573)

BALANCE SHEET
31 December 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
8,797 Tangible assets 5 7,719

CURRENT ASSETS
- Debtors 6 580
21,477 Cash at bank 38,178
21,477 38,758
CREDITORS
5,662 Amounts falling due within one year 7 10,224
15,815 NET CURRENT ASSETS 28,534
24,612 TOTAL ASSETS LESS CURRENT
LIABILITIES

36,253

- PROVISIONS FOR LIABILITIES 1,467
24,612 NET ASSETS 34,786

CAPITAL AND RESERVES
200 Called up share capital 200
24,412 Retained earnings 8 34,586
24,612 SHAREHOLDERS' FUNDS 34,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 September 2024 and were signed by:





G J Sharp - Director


DIVOTS LIMITED (REGISTERED NUMBER: 01035573)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Divots Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 01035573

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

The presentation currency of the financial statements is in the Pound Sterling (£)

The principle activity of the company in the year under review was that of laundrette operators, share dealing, property and management services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office fittings & equipment - 15% on reducing balance
Computer equipment - 33.33% on reducing balance

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 balance sheet date.


DIVOTS LIMITED (REGISTERED NUMBER: 01035573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Office
Plant and fittings Computer
Totals machinery & equipment equipment
£    £    £    £   
COST
At 1 January 2023 47,339 40,040 4,305 2,994
Additions 1,259 - 230 1,029
Disposals (1,636 ) - - (1,636 )
At 31 December 2023 46,962 40,040 4,535 2,387
DEPRECIATION
At 1 January 2023 38,542 34,167 2,623 1,752
Charge for year 1,847 1,175 284 388
Eliminated on disposal (1,146 ) - - (1,146 )
At 31 December 2023 39,243 35,342 2,907 994
NET BOOK VALUE
At 31 December 2023 7,719 4,698 1,628 1,393
At 31 December 2022 8,797 5,873 1,682 1,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors & prepayments 580 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,572 -
Directors' current accounts 195 2,143
Sundry creditors & accruals 3,457 3,519
10,224 5,662

DIVOTS LIMITED (REGISTERED NUMBER: 01035573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


8. RESERVES
Retained
earnings
£   

At 1 January 2023 24,412
Profit for the year 25,474
Dividends (15,300 )
At 31 December 2023 34,586

DIVOTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
DIVOTS LIMITED


The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine 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.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


17 September 2024