1 February 2023 false No description of principal activity Taxfiler 2024.5 SC554312business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC5543122023-01-31 SC5543122023-02-012024-01-31 SC554312business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 SC554312business:FilletedAccounts2023-02-012024-01-31 SC5543122024-01-31 SC554312business:Director12023-02-012024-01-31 SC554312business:Director22023-02-012024-01-31 SC5543122023-01-31 SC554312core:WithinOneYear2024-01-31 SC554312core:WithinOneYear2023-01-31 SC554312core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC554312core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC554312core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC554312core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC554312core:PreviouslyStatedAmount2024-01-31 SC554312core:PreviouslyStatedAmount2023-01-31 SC554312business:SmallEntities2023-02-012024-01-31 SC554312countries:Scotland2023-02-012024-01-31 SC554312core:PlantMachinery2023-01-31 SC554312core:MotorVehicles2023-01-31 SC554312core:FurnitureFittings2023-01-31 SC554312core:ComputerEquipment2023-01-31 SC554312core:PlantMachinery2023-02-012024-01-31 SC554312core:MotorVehicles2023-02-012024-01-31 SC554312core:FurnitureFittings2023-02-012024-01-31 SC554312core:ComputerEquipment2023-02-012024-01-31 SC554312core:PlantMachinery2024-01-31 SC554312core:MotorVehicles2024-01-31 SC554312core:FurnitureFittings2024-01-31 SC554312core:ComputerEquipment2024-01-31 SC5543122022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC554312 (Scotland)
Discovery Venture Consulting Ltd Unaudited accounts for the year ended 31 January 2024
Discovery Venture Consulting Ltd Unaudited accounts Contents
Page
- 2 -
Discovery Venture Consulting Ltd Company Information for the year ended 31 January 2024
Directors
Mr David Ricketts Dr Leesa Marsh
Company Number
SC554312 (Scotland)
Accountants
Luke Shergold T/A SC Tax Advisers and Accountants 41 Southgate Street Winchester SO23 9EH
- 3 -
Discovery Venture Consulting Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,242 
7,376 
Investment property
225,240 
- 
251,482 
7,376 
Current assets
Cash at bank and in hand
41,806 
102,098 
Creditors: amounts falling due within one year
(99,750)
(33,846)
Net current (liabilities)/assets
(57,944)
68,252 
Net assets
193,538 
75,628 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
193,438 
75,528 
Shareholders' funds
193,538 
75,628 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr David Ricketts Director Company Registration No. SC554312
- 4 -
Discovery Venture Consulting Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Discovery Venture Consulting Ltd is a private company, limited by shares, registered in Scotland, registration number SC554312.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
7,376 
- 
- 
- 
7,376 
Additions
- 
15,187 
2,880 
799 
18,866 
At 31 January 2024
7,376 
15,187 
2,880 
799 
26,242 
Depreciation
At 31 January 2024
- 
- 
- 
- 
- 
Net book value
At 31 January 2024
7,376 
15,187 
2,880 
799 
26,242 
At 31 January 2023
7,376 
- 
- 
- 
7,376 
5
Investment property
2024 
£ 
Additions
225,240 
At 31 January 2024
225,240 
- 5 -
Discovery Venture Consulting Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,342 
16,701 
Taxes and social security
43,215 
16,645 
Loans from directors
44,693 
- 
Accruals
500 
500 
99,750 
33,846 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -