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REGISTERED NUMBER: 11183488 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

DVP Media Ltd

DVP Media Ltd (Registered number: 11183488)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DVP Media Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A C Paul





REGISTERED OFFICE: Rosedale
Winchester Road
Alresford
Winchester
Hampshire
SO24 9EZ





REGISTERED NUMBER: 11183488 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

DVP Media Ltd (Registered number: 11183488)

Balance Sheet
29 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,202 4,369

CURRENT ASSETS
Cash at bank 226,771 174,257

CREDITORS
Amounts falling due within one year 5 37,818 25,976
NET CURRENT ASSETS 188,953 148,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,155

152,650

PROVISIONS FOR LIABILITIES 6 1,162 830
NET ASSETS 192,993 151,820

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 192,992 151,819
SHAREHOLDERS' FUNDS 192,993 151,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 November 2024 and were signed by:




A C Paul - Director


DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

DVP Media 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, flat rate scheme value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year 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 year 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.

Expenses
Expenses are included gross, including value added tax.

VAT
The company is registered for VAT and operates the Flat Rate Scheme in accordance with HMRC VAT Notice 733.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 6,868
Additions 3,400
At 29 February 2024 10,268
DEPRECIATION
At 1 March 2023 2,499
Charge for year 2,567
At 29 February 2024 5,066
NET BOOK VALUE
At 29 February 2024 5,202
At 28 February 2023 4,369

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Corporation tax 20,650 11,187
Social security and other taxes 231 231
VAT 13,736 11,917
Directors' current accounts 1,941 1,641
Accrued expenses 1,260 1,000
37,818 25,976

6. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 1,162 830

Deferred
tax
£   
Balance at 1 March 2023 830
Accelerated capital allowances 332
Balance at 29 February 2024 1,162

DVP Media Ltd (Registered number: 11183488)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2023 - £12,000) were paid to the director .

The director maintains a loan account with the company. At the year end the company owed him £1,941 (2023 - £1,641).