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REGISTERED NUMBER: 03460267 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MARK DAVEY LIMITED

MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

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


MARK DAVEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr J R Davey
Mrs G E Davey
Mr W J Davey





SECRETARY: Mr J R Davey





REGISTERED OFFICE: Slade Farm
Slade Lane
Rogate
Petersfield
Hampshire
GU31 5BN





REGISTERED NUMBER: 03460267 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,603,489 1,619,703
1,603,489 1,619,703

CURRENT ASSETS
Stocks 653,486 772,553
Debtors 6 228,141 140,035
881,627 912,588
CREDITORS
Amounts falling due within one year 7 1,895,694 1,727,382
NET CURRENT LIABILITIES (1,014,067 ) (814,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,422

804,909

CREDITORS
Amounts falling due after more than one
year

8

237,416

323,294
NET ASSETS 352,006 481,615

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 834,802 834,802
Retained earnings (483,796 ) (354,187 )
SHAREHOLDERS' FUNDS 352,006 481,615

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 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.

MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

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 Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





Mr W J Davey - Director


MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Mark Davey 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.

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.

Entitlements are being amortised evenly over their estimated useful life of three years.

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 10% 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.

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.

MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Single farm payment
The Single Farm Payment is included in other operating income, and is credited to the profit and loss account in the year in which the conditions of receipt have been complied with.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 6,260
AMORTISATION
At 1 January 2021
and 31 December 2021 6,260
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 1,441,085 1,247,425 2,688,510
Additions - 213,435 213,435
Disposals - (165,000 ) (165,000 )
At 31 December 2021 1,441,085 1,295,860 2,736,945
DEPRECIATION
At 1 January 2021 168,701 900,106 1,068,807
Charge for year 9,960 54,689 64,649
At 31 December 2021 178,661 954,795 1,133,456
NET BOOK VALUE
At 31 December 2021 1,262,424 341,065 1,603,489
At 31 December 2020 1,272,384 347,319 1,619,703

MARK DAVEY LIMITED (REGISTERED NUMBER: 03460267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 104,142 54,497
Other debtors 123,999 85,538
228,141 140,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 1,655,247 1,429,003
Hire purchase contracts 38,220 32,503
Trade creditors 65,391 119,491
Amounts owed to group undertakings 3,000 14,000
Taxation and social security 4,298 18,195
Other creditors 129,538 114,190
1,895,694 1,727,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 198,586 304,339
Hire purchase contracts 38,830 18,955
237,416 323,294