2023-02-162024-02-292024-02-29false14668685TIVOLI DDV 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TIVOLI DDV LTD

Registered Number
14668685
(England and Wales)

Unaudited Financial Statements for the Period ended
29 February 2024

TIVOLI DDV LTD
Company Information
for the period from 16 February 2023 to 29 February 2024

Director

VINCENT, Desmond Dennis

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

14668685 (England and Wales)
TIVOLI DDV LTD
Balance Sheet as at
29 February 2024

Notes

2024

£

£

Fixed assets
Intangible assets3915
Tangible assets474,000
74,915
Current assets
Cash at bank and on hand9,058
9,058
Creditors amounts falling due within one year5(85,975)
Net current assets (liabilities)(76,917)
Total assets less current liabilities(2,002)
Net assets(2,002)
Capital and reserves
Profit and loss account(2,002)
Shareholders' funds(2,002)
The financial statements were approved and authorised for issue by the Director on 13 November 2024, and are signed on its behalf by:
VINCENT, Desmond Dennis
Director
Registered Company No. 14668685
TIVOLI DDV LTD
Notes to the Financial Statements
for the period ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses.The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

2024
Average number of employees during the year0
3.Intangible assets

Other

Total

££
Cost or valuation
Additions915915
At 29 February 24915915
Net book value
At 29 February 24915915
At 15 February 23--
4.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
Additions74,00074,000
At 29 February 2474,00074,000
Net book value
At 29 February 2474,00074,000
At 15 February 23--
5.Creditors: amounts due within one year

2024

£
Other creditors85,255
Accrued liabilities and deferred income720
Total85,975
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.
6.Directors advances, credits and guarantees
Included in other creditors is an amount of £ 73,800 relating to the director's loan account Mr. D Vincent.