Davidson Pert Financial Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04886487

Davidson Pert Financial Associates Limited

Filleted Unaudited Financial Statements

31 December 2024

Davidson Pert Financial Associates Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Davidson Pert Financial Associates Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	7	269,530	285,139
Cash at bank and in hand		41	41
		---------	---------
		269,571	285,180

Creditors: amounts falling due within one year	8	130,992		138,885
		---------		---------
Net current assets			138,579		146,295
			---------		---------
Total assets less current liabilities			138,579		146,295

Creditors: amounts falling due after more than one year	9	5,606	15,422
		---------	---------
Net assets		132,973	130,873
		---------	---------

Davidson Pert Financial Associates Limited

Balance Sheet (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	122,973	120,873
	---------	---------
Shareholders funds	132,973	130,873
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 May 2025 , and are signed on behalf of the board by:

Mr D G Slora
Director

Company registration number: 04886487

Davidson Pert Financial Associates Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	33.33% Straight line
Fixtures and fittings	-	14% - 33.33% Straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	80,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	80,000
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

6. Tangible assets

	Short leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	3,696	18,411	22,107
	-------	--------	--------
Depreciation
At 1 January 2024 and 31 December 2024	3,696	18,411	22,107
	-------	--------	--------
Carrying amount
At 31 December 2024	–	–	–
	-------	--------	--------
At 31 December 2023	–	–	–
	-------	--------	--------

7. Debtors

	2024	2023
	£	£
Other debtors	269,530	285,139
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	41,764	31,977
Corporation tax	78,068	91,779
Social security and other taxes	3,490	7,618
Other creditors	7,670	7,511
	---------	---------
	130,992	138,885
	---------	---------

Bank loans and overdrafts are secured loans.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	5,606	15,422
	-------	--------

Bank loans are secured loans.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	17,706	18,603
Later than 1 year and not later than 5 years	49,208	59,701
Later than 5 years	–	3,600
	--------	--------
	66,914	81,904
	--------	--------

11. Director's advances, credits and guarantees

The director had an interest-free loan during the year. The loan is repayable on demand. At the beginning of the year he owed the company £209,291 and at the end of the year he owed the company £209,291.