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REGISTERED NUMBER: 11503099 (England and Wales)











DVA Ventures Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






DVA Ventures Limited (Registered number: 11503099)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DVA Ventures Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D Moseley





REGISTERED OFFICE: Hallcourt House
8 Hallcourt Crescent
Cannock
Staffordshire
WS11 0AB





REGISTERED NUMBER: 11503099 (England and Wales)





ACCOUNTANTS: TC Group
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

DVA Ventures Limited (Registered number: 11503099)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 364,857 345,448
Investments 6 248,750 248,750
613,607 594,198

CURRENT ASSETS
Debtors 7 817,042 790,750
Cash at bank and in hand 619,596 150,619
1,436,638 941,369
CREDITORS
Amounts falling due within one year 8 614,508 357,685
NET CURRENT ASSETS 822,130 583,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,737

1,177,882

CREDITORS
Amounts falling due after more than one year 9 (7,910 ) (17,626 )

PROVISIONS FOR LIABILITIES (11,927 ) (1,732 )
NET ASSETS 1,415,900 1,158,524

CAPITAL AND RESERVES
Called up share capital 11 102 101
Share premium 2,270 1,135
Retained earnings 1,413,528 1,157,288
SHAREHOLDERS' FUNDS 1,415,900 1,158,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

DVA Ventures Limited (Registered number: 11503099)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2025 and were signed by:





D Moseley - Director


DVA Ventures Limited (Registered number: 11503099)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

DVA Ventures Limited 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.

Significant judgements and estimates
The company makes estimates nd assumptions concerning the future. Management are also required to exercise judgement in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under circumstances.

The estimates and assumption that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgements:

- A provision is recognised when the company has a present legal or constructive obligation as a result of a past even for which it is probable that an outflow of resources will ne required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value or money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ and management's judgment is applied regarding the nature and extent of obligations in deciding if outflow of resources is probable or not.

- Sales ledger debt provisions. Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirement.

- Depreciation and residual values. The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic life and residual vales of fixtures and fittings, and have concluded that asset lives are appropriate. The actual lives of the assets are assessed annually an may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Work performed but not yet invoiced is also accounted for within turnover and treated as work in progress in the Balance Sheet.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, was amortised over its estimated useful life of two years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and Straight line over 3 years

DVA Ventures Limited (Registered number: 11503099)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Short-term debtors are measured at the transactional price, less any impairment. Loans receivable are measured initially at fair value, next of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loan, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

DVA Ventures Limited (Registered number: 11503099)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 8,000
AMORTISATION
At 1 September 2023
and 31 August 2024 8,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 492,665
Additions 229,187
Disposals (114,866 )
At 31 August 2024 606,986
DEPRECIATION
At 1 September 2023 147,217
Charge for year 166,733
Eliminated on disposal (71,821 )
At 31 August 2024 242,129
NET BOOK VALUE
At 31 August 2024 364,857
At 31 August 2023 345,448

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 248,750
NET BOOK VALUE
At 31 August 2024 248,750
At 31 August 2023 248,750

DVA Ventures Limited (Registered number: 11503099)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 320,088 364,701
Other debtors 496,954 426,049
817,042 790,750

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,648
Trade creditors 34,319 40,900
Taxation and social security 437,616 237,678
Other creditors 132,262 68,459
614,508 357,685

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,910 17,626

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,950 19,950
Between one and five years 26,600 66,500
46,550 86,450

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 A Ordinary £1 95 95
2 B Ordinary £1 2 1
5 C Ordinary £1 5 5
102 101

1 B Ordinary share of £1 was allotted as fully paid at a premium of £1,135 during the year.

DVA Ventures Limited (Registered number: 11503099)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
D Moseley
Balance outstanding at start of year 343,115 304,885
Amounts advanced 159,455 251,504
Amounts repaid (158,231 ) (213,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 344,339 343,115

There are no fixed terms for repayment of these loans but they are repayble on demand and non-interest bearing.

13. RELATED PARTY DISCLOSURES

As well as the advances to directors noted separately, loans totalling £nil (2023 - £21,136) are outstanding from connected parties. These loans are interest free and repayable on demand.