Registration number: 08875441

Davisnet Systems Ltd

(Registration number: 08875441)

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	64,226	116,696
Current assets
Debtors	4	136,953	134,272
Cash at bank and in hand		10,709	124,032
		147,662	258,304
Creditors: Amounts falling due within one year	5	(32,867)	(70,470)
Net current assets		114,795	187,834
Total assets less current liabilities		179,021	304,530
Provisions for liabilities		(16,056)	(29,174)
Net assets		162,965	275,356
Capital and reserves
Called up share capital		20	20
Retained earnings		162,945	275,336
Shareholders' funds		162,965	275,356

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 1 September 2026 and signed on its behalf by:
 

.........................................

R S Davis

Director

Davisnet Systems Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

Statutory information

Davisnet Systems Ltd is a private company, limited by shares, domiciled in England and Wales, company number 08875441. The registered office is at Unit 6a Dannemora Drive, Sheffield, S9 5DF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There has been no material depature from this standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Income is recognised when services have been delivered to the customer such that risks and rewards of ownership have been transferred to them.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS 102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Davisnet Systems Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Office equipment	25% straight line
Motor vehicles	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 8).

3	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost
At 1 January 2025	19,702	18,013	188,652	226,367
Additions	-	1,373	-	1,373
Disposals	-	-	(25,640)	(25,640)
At 31 December 2025	19,702	19,386	163,012	202,100
Depreciation
At 1 January 2025	12,280	13,025	84,366	109,671
Charge for the year	3,266	2,217	35,006	40,489
Eliminated on disposal	-	-	(12,286)	(12,286)
At 31 December 2025	15,546	15,242	107,086	137,874
Carrying amount
At 31 December 2025	4,156	4,144	55,926	64,226
At 31 December 2024	7,422	4,988	104,286	116,696

Davisnet Systems Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4

Debtors

	2025 £	2024 £
Trade debtors	74,705	90,832
Prepayments and accrued income	62,248	43,440
	136,953	134,272

5

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	7,541	20,490
Taxation and social security	18,964	43,811
Accruals and deferred income	3,445	4,540
Other creditors	2,917	1,629
	32,867	70,470

6	Related party transactions

During the year the directors had an interest free loan account with the company. At the balance sheet date the amount due to S W and R S Davis was £1,423 (2024 : £798).