Company registration number: 08087671
Annual report and unaudited financial statements
for the year ended 31 May 2026
for
DAPV Limited
Pages for filing with the Registrar
Company registration number: 08087671
DAPV Limited
Balance sheet
as at 31 May 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 8,035,491 7,156,762
Tangible assets 5 36,620 18,423
8,072,111 7,175,185
Current assets
Stocks 304,313 732,281
Debtors 209,324 390,504
Cash at bank and in hand 39,518 54,883
553,155 1,177,668
Creditors: amounts falling due within one year
(1,447,520) (2,064,014)
Net current liabilities (894,365) (886,346)
Total assets less current liabilities 7,177,746 6,288,839
Creditors: Amounts falling due after more than one year
(3,197,961) (3,742,887)
NET ASSETS 3,979,785 2,545,952
Capital and reserves
Called up share capital 1,171 1,052
Share premium account 4,792,667 3,480,797
Revaluation reserve 3,463,764 3,463,764
Profit and loss account (4,277,817) (4,399,661)
TOTAL EQUITY 3,979,785 2,545,952
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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: 08087671
DAPV Limited
Balance sheet - continued
as at 31 May 2026
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.
These financial statements were approved by the Board of directors and authorised for issue on 3 July 2026 and signed on its behalf by:
Mr D Portman, Director
3 July 2026
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DAPV Limited
Notes to the financial statements
for the year ended 31 May 2026
1 Company information
DAPV Limited is a private company registered in England and Wales. Its registered number is 08087671. The company is limited by shares. Its registered office is Suite 1, Floor 2, Marmion House, Worcester, WR1 2HB.
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.
Going concern
In preparing these financial statements, the directors have 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 directors take 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 directors consider 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.
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DAPV Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
2 Accounting policies - continued
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs – bespoke software platform
- Intangible assets, including capitalised development expenditure relating to the company’s proprietary software platform, are measured at cost less accumulated amortisation and impairment. Development costs are capitalised where the recognition criteria under FRS 102 are met and are amortised on a straight-line basis over their estimated useful economic lives. The company’s platform is developed using an iterative model, with functionality released and enhanced on an ongoing basis. Capitalised expenditure therefore relates to modules and infrastructure that continue to be subject to significant enhancement and refinement. Management has concluded that the assets recognised in the current period are not yet fully available for their intended use and amortisation has therefore not commenced. Amortisation will begin once the relevant functionality is considered available for use and capable of generating economic benefits on a consistent basis. At that point the assets will be amortised over an estimated useful economic life of ten years. Intangible assets are reviewed for impairment where events or changes in circumstances indicate that the carrying amount may not be recoverable.

























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.:
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% 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.
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DAPV Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
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 21 (2025 - 18).
4 Intangible assets
Other intangible assets

£
Cost
At 1 June 2025 7,156,762
Additions 878,729
At 31 May 2026 8,035,491
Amortisation
At 31 May 2026 -
Net book value
At 31 May 2026 8,035,491
At 31 May 2025 7,156,762
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DAPV Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 June 2025 137,685
Additions 18,197
At 31 May 2026 155,882
Depreciation
At 1 June 2025 119,262
At 31 May 2026 119,262
Net book value
At 31 May 2026 36,620
At 31 May 2025 18,423
6 Corporation Tax
The company recognised Research and Development Expenditure Credit (RDEC) of £146,772.40 as other operating income during the year. The credit is taxable and gives rise to a current tax charge of £27,886.76. Brought-forward trading losses were utilised to offset taxable profits, resulting in no corporation tax payable for the period.
7 Going concern - additional information
The directors have prepared forecasts covering a period of at least twelve months from the date of approval of these financial statements. These forecasts incorporate expected trading performance, continued support from secured lenders, anticipated R&D tax credit receipts and planned investment funding. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
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