Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10572951 Mr James Davenport Mrs Jenny Davenport Mrs Aine Mairead Theresa Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10572951 2023-01-31 10572951 2024-01-31 10572951 2023-02-01 2024-01-31 10572951 frs-core:CurrentFinancialInstruments 2024-01-31 10572951 frs-core:Non-currentFinancialInstruments 2024-01-31 10572951 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 10572951 frs-core:FurnitureFittings 2024-01-31 10572951 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10572951 frs-core:FurnitureFittings 2023-01-31 10572951 frs-core:NetGoodwill 2024-01-31 10572951 frs-core:NetGoodwill 2023-02-01 2024-01-31 10572951 frs-core:NetGoodwill 2023-01-31 10572951 frs-core:OtherResidualIntangibleAssets 2024-01-31 10572951 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 10572951 frs-core:OtherResidualIntangibleAssets 2023-01-31 10572951 frs-core:PlantMachinery 2024-01-31 10572951 frs-core:PlantMachinery 2023-02-01 2024-01-31 10572951 frs-core:PlantMachinery 2023-01-31 10572951 frs-core:ShareCapital 2024-01-31 10572951 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10572951 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10572951 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10572951 frs-bus:SmallEntities 2023-02-01 2024-01-31 10572951 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10572951 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10572951 frs-bus:Director1 2023-02-01 2024-01-31 10572951 frs-bus:Director2 2023-02-01 2024-01-31 10572951 frs-bus:Director3 2023-02-01 2024-01-31 10572951 frs-countries:EnglandWales 2023-02-01 2024-01-31 10572951 2022-01-31 10572951 2023-01-31 10572951 2022-02-01 2023-01-31 10572951 frs-core:CurrentFinancialInstruments 2023-01-31 10572951 frs-core:Non-currentFinancialInstruments 2023-01-31 10572951 frs-core:ShareCapital 2023-01-31 10572951 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10572951
Davenport Inns Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10572951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 159,069 188,875
Tangible Assets 5 122,118 156,661
281,187 345,536
CURRENT ASSETS
Stocks 6 2,423 2,409
Debtors 7 9,422 -
Cash at bank and in hand 5,884 5,966
17,729 8,375
Creditors: Amounts Falling Due Within One Year 8 (111,363 ) (75,112 )
NET CURRENT ASSETS (LIABILITIES) (93,634 ) (66,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 187,553 278,799
Creditors: Amounts Falling Due After More Than One Year 9 (1,228,878 ) (1,056,108 )
NET LIABILITIES (1,041,325 ) (777,309 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (1,041,425 ) (777,409 )
SHAREHOLDERS' FUNDS (1,041,325) (777,309)
Page 1
Page 2
For the year ending 31 January 2024 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
Mr James Davenport
Director
21/10/2024
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
Davenport Inns Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10572951 . The registered office is 55 Wade Street, Lichfield, Stratfordshire, WS13 6HL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Lease Scales and Lease Bar 55. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.6. 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 25% reducing balance
Fixtures & Fittings 10% straight line basis
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 11)
14 11
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4. Intangible Assets
Goodwill Other Intangible Assets Total
£ £ £
Cost
As at 1 February 2023 215,989 126,053 342,042
As at 31 January 2024 215,989 126,053 342,042
Amortisation
As at 1 February 2023 113,573 39,594 153,167
Provided during the period 21,450 8,356 29,806
As at 31 January 2024 135,023 47,950 182,973
Net Book Value
As at 31 January 2024 80,966 78,103 159,069
As at 1 February 2023 102,416 86,459 188,875
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 84,835 254,864 339,699
As at 31 January 2024 84,835 254,864 339,699
Depreciation
As at 1 February 2023 48,611 134,427 183,038
Provided during the period 9,056 25,487 34,543
As at 31 January 2024 57,667 159,914 217,581
Net Book Value
As at 31 January 2024 27,168 94,950 122,118
As at 1 February 2023 36,224 120,437 156,661
6. Stocks
2024 2023
£ £
Finished goods 2,423 2,409
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,188 -
VAT 2,234 -
9,422 -
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 79,518 45,225
Amounts owed to group undertakings 19,873 11,878
Other creditors 11,972 12,596
Taxation and social security - 5,413
111,363 75,112
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,307 11,667
Directors loan account 1,222,571 1,044,441
1,228,878 1,056,108
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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