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REGISTERED NUMBER: 07444600 (England and Wales)















DANIEL DAVIES & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021






DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANIEL DAVIES & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2021







DIRECTORS: R J Davies
D R Davies





SECRETARY: D R Davies





REGISTERED OFFICE: Maesycoed
Beulah
Newcastle Emlyn
Ceredigion
SA38 9QE





REGISTERED NUMBER: 07444600 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 56,674 29,358
56,674 29,358

CURRENT ASSETS
Stocks 73,500 70,000
Debtors 6 461,822 496,254
Investments 7 602,633 553,341
Cash at bank and in hand 266,739 513,769
1,404,694 1,633,364
CREDITORS
Amounts falling due within one year 8 96,658 415,403
NET CURRENT ASSETS 1,308,036 1,217,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,364,710

1,247,319

PROVISIONS FOR LIABILITIES 174,835 117,793
NET ASSETS 1,189,875 1,129,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,189,775 1,129,426
SHAREHOLDERS' FUNDS 1,189,875 1,129,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 10 August 2022 and were signed on its behalf by:





R J Davies - Director


DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2021


1. STATUTORY INFORMATION

Daniel Davies & Sons Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc - 15% 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.

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.

DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 80,000
AMORTISATION
At 1 December 2020
and 30 November 2021 80,000
NET BOOK VALUE
At 30 November 2021 -
At 30 November 2020 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2020 95,488 - 95,488
Additions 19,467 20,229 39,696
At 30 November 2021 114,955 20,229 135,184
DEPRECIATION
At 1 December 2020 66,130 - 66,130
Charge for year 7,323 5,057 12,380
At 30 November 2021 73,453 5,057 78,510
NET BOOK VALUE
At 30 November 2021 41,502 15,172 56,674
At 30 November 2020 29,358 - 29,358

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 395,000 486,000
Other debtors 66,822 10,254
461,822 496,254

DANIEL DAVIES & SONS LIMITED (REGISTERED NUMBER: 07444600)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2021


7. CURRENT ASSET INVESTMENTS
2021 2020
£    £   
Listed investments 602,633 553,341

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 6,395 -
Trade creditors 24,232 91,896
Taxation and social security 26,531 66,818
Other creditors 39,500 256,689
96,658 415,403

9. RELATED PARTY DISCLOSURES

According to the directors, there were no other material related party transactions during the period.

10. ULTIMATE CONTROLLING PARTY



Ultimate control of the company is exercised by Mr J E Davies and Mr R J Davies, the directors of the company, and by Mr D R Davies, the Company Secretary.