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REGISTERED NUMBER: 05631557 (England and Wales)















PHILL DAVIES BUILDING CONTRACTOR LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHILL DAVIES BUILDING CONTRACTOR LTD

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2021







DIRECTOR: Mr P M L Davies





SECRETARY: Mr J C Harries





REGISTERED OFFICE: Llwyndel
Bronwydd
CARMARTHEN
Carmarthenshire
SA33 6BG





REGISTERED NUMBER: 05631557 (England and Wales)





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

PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,364 21,470

CURRENT ASSETS
Stocks 18,176 8,900
Debtors 5 126,172 43,638
144,348 52,538
CREDITORS
Amounts falling due within one year 6 100,498 51,015
NET CURRENT ASSETS 43,850 1,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,214

22,993

PROVISIONS FOR LIABILITIES 3,299 4,079
NET ASSETS 57,915 18,914

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57,914 18,913
SHAREHOLDERS' FUNDS 57,915 18,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 15 August 2022 and were signed by:





Mr P M L Davies - Director


PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2021


1. STATUTORY INFORMATION

Phill Davies Building Contractor 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.

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.

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 - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 4 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021 67,891 58,275 126,166
Additions 217 - 217
At 31 December 2021 68,108 58,275 126,383
DEPRECIATION
At 1 January 2021 57,118 47,578 104,696
Charge for year 1,649 2,674 4,323
At 31 December 2021 58,767 50,252 109,019
NET BOOK VALUE
At 31 December 2021 9,341 8,023 17,364
At 31 December 2020 10,773 10,697 21,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 126,172 43,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 13,591 1,759
Hire purchase contracts 3,577 5,824
Trade creditors 33,972 16,692
Taxation and social security 25,947 15,466
Other creditors 23,411 11,274
100,498 51,015

7. RELATED PARTY DISCLOSURES

According to the director, there were no other related party transactions during the year.

PHILL DAVIES BUILDING CONTRACTOR LTD (REGISTERED NUMBER: 05631557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2021


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P M L Davies.