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REGISTERED NUMBER: 07064288 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th November 2024

for

Digital Vehicle Imaging Ltd

Digital Vehicle Imaging Ltd (Registered number: 07064288)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Digital Vehicle Imaging Ltd

Company Information
for the Year Ended 30th November 2024







DIRECTORS: Mr I Gill
Mr R Gill





REGISTERED OFFICE: Curzon St. Business Centre
Curzon Street
Burton on Trent
Staffordshire
DE14 2DH





REGISTERED NUMBER: 07064288 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
Curzon St. Business Centre
Curzon Street
Burton on Trent
Staffordshire
DE14 2DH

Digital Vehicle Imaging Ltd (Registered number: 07064288)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,277 3,036

CURRENT ASSETS
Stocks 528,028 492,761
Debtors 5 47,507 96,765
Cash at bank 46,836 126,078
622,371 715,604
CREDITORS
Amounts falling due within one year 6 29,383 37,013
NET CURRENT ASSETS 592,988 678,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,265

681,627

PROVISIONS FOR LIABILITIES 433 759
NET ASSETS 594,832 680,868

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 594,828 680,864
SHAREHOLDERS' FUNDS 594,832 680,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Digital Vehicle Imaging Ltd (Registered number: 07064288)

Balance Sheet - continued
30th November 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 Board of Directors and authorised for issue on 21st August 2025 and were signed on its behalf by:





Mr I Gill - Director


Digital Vehicle Imaging Ltd (Registered number: 07064288)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Digital Vehicle Imaging Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when services have been provided or cars have been delivered/collected resulting in the company obtaining right to consideration.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.


Digital Vehicle Imaging Ltd (Registered number: 07064288)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued
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.

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2023
and 30th November 2024 26,705 22,000 48,705
DEPRECIATION
At 1st December 2023 24,362 21,307 45,669
Charge for year 586 173 759
At 30th November 2024 24,948 21,480 46,428
NET BOOK VALUE
At 30th November 2024 1,757 520 2,277
At 30th November 2023 2,343 693 3,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,279 74,775
Other debtors 17,228 21,990
47,507 96,765

Digital Vehicle Imaging Ltd (Registered number: 07064288)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 20,189 28,292
Other creditors 9,194 8,720
29,383 37,013