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DATAVID LIMITED

Registered Number
11303356
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

DATAVID LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

AHLUWALIA, Avneet
DANG, Balvinder Singh

Registered Address

Culverwood Shinfield Road
Shinfield
Reading
RG2 9BE

Registered Number

11303356 (England and Wales)
DATAVID LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3107,15130,979
Investments4136136
107,28731,115
Current assets
Debtors51,784,6111,623,894
Cash at bank and on hand1,096,8231,341,124
2,881,4342,965,018
Creditors amounts falling due within one year6(532,391)(606,858)
Net current assets (liabilities)2,349,0432,358,160
Total assets less current liabilities2,456,3302,389,275
Creditors amounts falling due after one year7(6,348)-
Provisions for liabilities8(4,876)(7,745)
Net assets2,445,1062,381,530
Capital and reserves
Called up share capital100100
Other reserves(790,779)(244,493)
Profit and loss account3,235,7852,625,923
Shareholders' funds2,445,1062,381,530
The financial statements were approved and authorised for issue by the Board of Directors on 27 January 2025, and are signed on its behalf by:
DANG, Balvinder Singh
Director
Registered Company No. 11303356
DATAVID LIMITED
Notes to the Financial Statements
for the year ended 30 April 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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 on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles18
Office Equipment33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
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.
2.Average number of employees

20242023
Average number of employees during the year108
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 May 2319,49630,66850,164
Additions93,7797,124100,903
At 30 April 24113,27537,792151,067
Depreciation and impairment
At 01 May 236,38712,79819,185
Charge for year15,0199,71224,731
At 30 April 2421,40622,51043,916
Net book value
At 30 April 2491,86915,282107,151
At 30 April 2313,10917,87030,979
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 May 23136136
At 30 April 24136136
Net book value
At 30 April 24136136
At 30 April 23136136

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,784,6111,623,894
Total1,784,6111,623,894
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables236,684152,540
Taxation and social security295,707454,318
Total532,391606,858
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,348-
Total6,348-
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,8767,745
Total4,8767,745