Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10569486 Mr Abed Eid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10569486 2023-01-31 10569486 2024-01-31 10569486 2023-02-01 2024-01-31 10569486 frs-core:CurrentFinancialInstruments 2024-01-31 10569486 frs-core:Non-currentFinancialInstruments 2024-01-31 10569486 frs-core:FurnitureFittings 2024-01-31 10569486 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10569486 frs-core:FurnitureFittings 2023-01-31 10569486 frs-core:ShareCapital 2024-01-31 10569486 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10569486 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10569486 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10569486 frs-bus:SmallEntities 2023-02-01 2024-01-31 10569486 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10569486 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10569486 frs-bus:Director1 2023-02-01 2024-01-31 10569486 frs-countries:EnglandWales 2023-02-01 2024-01-31 10569486 2022-01-31 10569486 2023-01-31 10569486 2022-02-01 2023-01-31 10569486 frs-core:CurrentFinancialInstruments 2023-01-31 10569486 frs-core:Non-currentFinancialInstruments 2023-01-31 10569486 frs-core:ShareCapital 2023-01-31 10569486 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10569486
Dival Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2024
Mahony & Company Ltd
Office1
Retford Enterprise Centre
Retford
Notts
DN22 9GR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10569486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,093 22,783
17,093 22,783
CURRENT ASSETS
Stocks 5 23,000 22,200
Debtors 6 1,986 1,721
Cash at bank and in hand 21,018 28,865
46,004 52,786
Creditors: Amounts Falling Due Within One Year 7 (62,085 ) (64,713 )
NET CURRENT ASSETS (LIABILITIES) (16,081 ) (11,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,012 10,856
Creditors: Amounts Falling Due After More Than One Year 8 (24,207 ) (34,851 )
NET LIABILITIES (23,195 ) (23,995 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (23,295 ) (24,095 )
SHAREHOLDERS' FUNDS (23,195) (23,995)
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 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.
On behalf of the board
Mr Abed Eid
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dival Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10569486 . The registered office is 1A , South Street, St.Helens, Lancs, WA9 5QF.
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:
Fixtures & Fittings 25% Reducing Balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 12)
9 12
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 25,308
As at 31 January 2024 25,308
Depreciation
As at 1 February 2023 2,525
Provided during the period 5,690
As at 31 January 2024 8,215
Net Book Value
As at 31 January 2024 17,093
As at 1 February 2023 22,783
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Page 4
5. Stocks
2024 2023
£ £
Stock 23,000 22,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,986 1,721
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,463 3,709
Bank loans and overdrafts 3,430 2,730
Other taxes and social security 11,926 10,226
VAT 17,156 25,272
Net wages 1,103 1,753
Other creditors 14,658 11,224
Accruals and deferred income 1,350 500
Director's loan account 8,999 9,299
62,085 64,713
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,207 34,851
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4