Company registration number: 12036972
Unaudited financial statements
for the year ended 30 June 2024
for
Davilex Group Limited
Pages for filing with the Registrar
Company registration number: 12036972
Davilex Group Limited
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 6,798 9,429
6,798 9,429
Current assets
Stocks 722,284 991,562
Debtors 806,806 468,639
Cash at bank and in hand 6,407 15,644
1,535,497 1,475,845
Creditors: amounts falling due within one
year
(317,967) (387,744)
Net current assets 1,217,530 1,088,101
Total assets less current liabilities 1,224,328 1,097,530
Creditors: Amounts falling due after more
than one year
(1,175,669) (1,085,063)
NET ASSETS 48,659 12,467
Capital and reserves
Called up share capital 100 100
Profit and loss account 48,559 12,367
TOTAL EQUITY 48,659 12,467
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12036972
Davilex Group Limited
Balance sheet - continued
as at 30 June 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Rapaport, Director
6 March 2025
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Davilex Group Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Davilex Group Limited is a private company registered in England and Wales. Its registered number is 12036972. The company is limited by shares. Its registered office is 5 Bethune Road, London, N16 5BW.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 15% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Davilex Group Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2023 - 9).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 17,544
At 30 June 2024 17,544
Depreciation
At 1 July 2023 8,115
Charge for year 2,631
At 30 June 2024 10,746
Net book value
At 30 June 2024 6,798
At 30 June 2023 9,429
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Davilex Group Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
4 Tangible fixed assets - continued
If Equipment had not been revalued, Computer equipment would have been included at the following historical cost:
2024 2023
£ £
Cost 17,544 -
Accumulated depreciation 10,746 -
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