Diva Management Limited Filleted Accounts Cover
Diva Management Limited
Company No. 03651494
Information for Filing with The Registrar
31 October 2023
Diva Management Limited Balance Sheet Registrar
at
31 October 2023
Company No.
03651494
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
5,1997,261
5,1997,261
Current assets
Debtors
5
62,06937,566
Cash at bank and in hand
45,42149,136
107,49086,702
Creditors: Amount falling due within one year
6
(110,615)
(92,581)
Net current liabilities
(3,125)
(5,879)
Total assets less current liabilities
2,0741,382
Provisions for liabilities
Deferred taxation
(1,300)
(1,380)
Net assets
7742
Capital and reserves
Called up share capital
22
Profit and loss account
7
772-
Total equity
7742
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 October 2024 and signed on its behalf by:
P. Nowak
Director
28 October 2024
Diva Management Limited Notes to the Accounts Registrar
for the year ended 31 October 2023
1
General information
Diva Management Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03651494
Its registered office is:
Brickfield Cottage
East Shalford Lane
Shalford
Guildford
GU4 8AS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery
33% straight line
Furniture, fittings and equipment
33% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 November 2022
18,37346,45664,829
Additions
-6,1056,105
At 31 October 2023
18,37352,56170,934
Depreciation
At 1 November 2022
18,37339,19557,568
Charge for the year
-8,1678,167
At 31 October 2023
18,37347,36265,735
Net book values
At 31 October 2023
-5,1995,199
At 31 October 2022
-
7,261
7,261
5
Debtors
2023
2022
£
£
Trade debtors
12,39021,746
Corporation tax recoverable
10,156-
Loans to directors
34,11610,413
Other debtors
5,4075,407
62,06937,566
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,7682,679
Trade creditors
2,5095,990
Taxes and social security
99,753
76,643
Accruals and deferred income
5,5857,269
110,61592,581
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Advances and credits to directors
2023
£
At 1 November 2022
10,413
Advanced in the period
23,703
At 31 October 2023
34,116
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