| Dav Group Ltd |
| Notes to the Accounts |
| for the period from 9 December 2023 to 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
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. 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. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2024 |
|
| Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2024 |
|
| £ |
|
|
|
Directors Loan |
16,205 |
|
Trade creditors |
716 |
|
Taxation and social security costs |
1,113 |
|
|
|
|
|
|
18,034 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Controlling party |
|
|
The company is controlled by the director. |
|
|
| 5 |
Other information |
|
|
Dav Group Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Priors Road |
|
Cheltenham |
|
Glos |