3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 72,526 37,971 34,555 68,854 2,260 37,970 33,144 1,411 3,672 xbrli:pure xbrli:shares iso4217:GBP 03604654 2023-05-01 2024-04-30 03604654 2024-04-30 03604654 2023-04-30 03604654 2022-01-01 2023-04-30 03604654 2023-04-30 03604654 2021-12-31 03604654 core:FurnitureFittings 2023-05-01 2024-04-30 03604654 bus:Director2 2023-05-01 2024-04-30 03604654 core:FurnitureFittings 2023-04-30 03604654 core:FurnitureFittings 2024-04-30 03604654 core:WithinOneYear 2024-04-30 03604654 core:WithinOneYear 2023-04-30 03604654 core:ShareCapital 2024-04-30 03604654 core:ShareCapital 2023-04-30 03604654 core:RetainedEarningsAccumulatedLosses 2024-04-30 03604654 core:RetainedEarningsAccumulatedLosses 2023-04-30 03604654 core:FurnitureFittings 2023-04-30 03604654 bus:Director1 2023-05-01 2024-04-30 03604654 bus:SmallEntities 2023-05-01 2024-04-30 03604654 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03604654 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03604654 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03604654 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03604654
Davis Brown Limited
Filleted Unaudited Financial Statements
30 April 2024
Davis Brown Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,411
3,672
Current assets
Debtors
6
143,777
57,419
Cash at bank and in hand
158,524
48,955
--------
--------
302,301
106,374
Creditors: amounts falling due within one year
7
216,610
47,732
--------
--------
Net current assets
85,691
58,642
-------
-------
Total assets less current liabilities
87,102
62,314
Provisions
Taxation including deferred tax
3
492
-------
-------
Net assets
87,099
61,822
-------
-------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
77,099
51,822
-------
-------
Shareholders funds
87,099
61,822
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr M R Nimba
Director
Company registration number: 03604654
Davis Brown Limited
Notes to the Financial Statements
Year ended 30th April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.
(b) Revenue recognition
Turnover represents the invoiced value of services provided during the year exclusive of VAT. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
(f) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(g) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liability or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(h) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 10 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1st May 2023
72,526
72,526
Disposals
( 37,971)
( 37,971)
-------
-------
At 30th April 2024
34,555
34,555
-------
-------
Depreciation
At 1st May 2023
68,854
68,854
Charge for the year
2,260
2,260
Disposals
( 37,970)
( 37,970)
-------
-------
At 30th April 2024
33,144
33,144
-------
-------
Carrying amount
At 30th April 2024
1,411
1,411
-------
-------
At 30th April 2023
3,672
3,672
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
130,811
50,837
Other debtors
12,966
6,582
--------
-------
143,777
57,419
--------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,255
8,719
Amounts owed to group undertakings
120,753
21,271
Corporation tax
60,386
6,286
Social security and other taxes
12,910
4,762
Other creditors
7,306
6,694
--------
-------
216,610
47,732
--------
-------
8. Ultimate parent company
The company’s ultimate parent company is Adelaide Jones & Co Limited, a company incorporated in England.