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REGISTERED NUMBER: 13152931 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DANAVIS LTD

DANAVIS LTD (REGISTERED NUMBER: 13152931)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DANAVIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: K S Hick
P J Van Tenac





REGISTERED OFFICE: Larkfleet House Falcon Way
Southfields Business Park
Bourne
Lincolnshire
PE10 0FF





REGISTERED NUMBER: 13152931 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

DANAVIS LTD (REGISTERED NUMBER: 13152931)

BALANCE SHEET
31 JANUARY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 328,722 163,612

CURRENT ASSETS
Stocks 4 95,379 95,379
Debtors 5 307 260
Cash at bank 119 12,564
95,805 108,203
CREDITORS
Amounts falling due within one year 6 42,074 8,575
NET CURRENT ASSETS 53,731 99,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,453

263,240

CREDITORS
Amounts falling due after more than one
year

7

382,353

263,140
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:





K S Hick - Director


DANAVIS LTD (REGISTERED NUMBER: 13152931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
The products with the capitalised development costs were not yet available for sale in this year so no amortisation was included.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023 163,612
Additions 165,110
At 31 January 2024 328,722
NET BOOK VALUE
At 31 January 2024 328,722
At 31 January 2023 163,612

4. STOCKS
2024 2023
as restated
£    £   
Stocks 95,379 95,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Directors' loan accounts 50 50
VAT 257 210
307 260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 3,467 540
Other creditors - 3,035
Directors' loan accounts 7,500 5,000
Accrued expenses 31,107 -
42,074 8,575

DANAVIS LTD (REGISTERED NUMBER: 13152931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Other loans more 5yrs instal 382,353 263,140

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 382,353 263,140

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
as restated
£    £   
K S Hick
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

During the year, P Van Tenac increased his loan to the company. As at 31 January 2024, the company owed him £7,500 (2023: £5,000).

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K S Hick & P J Van Tenac.

This was by virtue of their joint 100% holding of the issued share capital.