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REGISTERED NUMBER: 12417409 (England and Wales)











Unaudited Financial Statements

for the period

1 February 2023 to 30 June 2024

for

Davco International Ltd

Davco International Ltd (Registered number: 12417409)






Contents of the Financial Statements
for the period 1 February 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Davco International Ltd

Company Information
for the period 1 February 2023 to 30 June 2024







DIRECTORS: Mrs N J Davies
C L Davies





REGISTERED OFFICE: Unit 8 Altitude Business Park
The Drift
Nacton
Ipswich
Suffolk
IP3 9QN





REGISTERED NUMBER: 12417409 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Davco International Ltd (Registered number: 12417409)

Balance Sheet
30 June 2024

30.6.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 343,918 150,000

CURRENT ASSETS
Debtors 5 73 196
Cash at bank 697 101
770 297
CREDITORS
Amounts falling due within one year 6 212,642 95,037
NET CURRENT LIABILITIES (211,872 ) (94,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,046

55,260

PROVISIONS FOR LIABILITIES 19,742 7,784
NET ASSETS 112,304 47,476

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 73,684 33,184
Retained earnings 38,520 14,192
112,304 47,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:



C L Davies - Director



Mrs N J Davies - Director


Davco International Ltd (Registered number: 12417409)

Notes to the Financial Statements
for the period 1 February 2023 to 30 June 2024

1. STATUTORY INFORMATION

Davco International Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 150,000
Additions 143,918
Revaluations 50,000
At 30 June 2024 343,918
NET BOOK VALUE
At 30 June 2024 343,918
At 31 January 2023 150,000

Davco International Ltd (Registered number: 12417409)

Notes to the Financial Statements - continued
for the period 1 February 2023 to 30 June 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 40,969
Valuation in 2023 50,000
Cost 252,949
343,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.1.23
£    £   
Trade debtors (20 ) -
Other debtors 93 196
73 196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.1.23
£    £   
Trade creditors 133,332 7,000
Taxation and social security 7,745 2,727
Other creditors 71,565 85,310
212,642 95,037

7. RESERVES
Revaluation
reserve
£   
At 1 February 2023 33,184
Reserve Transfer 40,500

At 30 June 2024 73,684