IRIS Accounts Production v23.1.0.753 00440295 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 00440295 2021-12-31 00440295 2022-12-31 00440295 2022-01-01 2022-12-31 00440295 2020-12-31 00440295 2021-01-01 2021-12-31 00440295 2021-12-31 00440295 ns15:EnglandWales 2022-01-01 2022-12-31 00440295 ns14:PoundSterling 2022-01-01 2022-12-31 00440295 ns10:Director1 2022-01-01 2022-12-31 00440295 ns10:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 00440295 ns10:SmallEntities 2022-01-01 2022-12-31 00440295 ns10:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 00440295 ns10:SmallCompaniesRegimeForDirectorsReport 2022-01-01 2022-12-31 00440295 ns10:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 00440295 ns10:AbridgedAccounts 2022-01-01 2022-12-31 00440295 ns10:Director2 2022-01-01 2022-12-31 00440295 ns10:Director3 2022-01-01 2022-12-31 00440295 ns10:RegisteredOffice 2022-01-01 2022-12-31 00440295 ns5:CurrentFinancialInstruments 2022-12-31 00440295 ns5:CurrentFinancialInstruments 2021-12-31 00440295 ns5:Non-currentFinancialInstruments 2022-12-31 00440295 ns5:Non-currentFinancialInstruments 2021-12-31 00440295 ns5:ShareCapital 2022-12-31 00440295 ns5:ShareCapital 2021-12-31 00440295 ns5:RevaluationReserve 2022-12-31 00440295 ns5:RevaluationReserve 2021-12-31 00440295 ns5:CapitalRedemptionReserve 2022-12-31 00440295 ns5:CapitalRedemptionReserve 2021-12-31 00440295 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 00440295 ns5:RetainedEarningsAccumulatedLosses 2021-12-31 00440295 ns5:LandBuildings 2022-01-01 2022-12-31 00440295 ns5:PlantMachinery 2022-01-01 2022-12-31 00440295 ns5:RevaluationReserve 2021-12-31

REGISTERED NUMBER: 00440295 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2022 |

| for |

| Davies Products (Liverpool) Limited |

Davies Products (Liverpool) Limited (Registered number: 00440295)

Contents of the Financial Statements

for the Year Ended 31 December 2022

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Davies Products (Liverpool) Limited

Company Information

for the Year Ended 31 December 2022

| DIRECTORS: | J Davies

| G L Davies

| S E Davies

| REGISTERED OFFICE: | Alsol House

| Laburnum Place

| Litherland Road

| Liverpool

| L20 3NE

| REGISTERED NUMBER: | 00440295 (England and Wales)

| ACCOUNTANTS: | Z L Y & Co Limited

| Chartered Certified Accountants

| 2nd Floor

| 28 Rodney Street

| Liverpool

| L1 2TQ

Davies Products (Liverpool) Limited (Registered number: 00440295)

Abridged Balance Sheet

31 December 2022

| 2022 | 2021 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 513,113 |  | 515,550 |  |

Investments | 5 | 503 |  | 503 |  |

513,616 |  | 516,053 |  |

CURRENT ASSETS

Stocks | 659,314 |  | 515,594 |  |

Debtors | 1,215,751 |  | 1,234,997 |  |

Cash at bank and in hand | 24,896 |  | 76,296 |  |

1,899,961 |  | 1,826,887 |  |

CREDITORS

Amounts falling due within one year | 358,774 |  | 327,689 |  |

NET CURRENT ASSETS | 1,541,187 |  | 1,499,198 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,054,803 |  | 2,015,251 |  |

CREDITORS

Amounts falling due after more than one year | 163,333 |  | 180,000 |  |

NET ASSETS | 1,891,470 |  | 1,835,251 |  |

CAPITAL AND RESERVES

Called up share capital | 136,245 |  | 136,245 |  |

Revaluation reserve | 7 | 246,717 |  | 246,717 |  |

Capital redemption reserve | 138,755 |  | 138,755 |  |

Retained earnings | 1,369,753 |  | 1,313,534 |  |

SHAREHOLDERS' FUNDS | 1,891,470 |  | 1,835,251 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Davies Products (Liverpool) Limited (Registered number: 00440295)

Abridged Balance Sheet - continued

31 December 2022

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2023 and were signed on its behalf by:

G L Davies - Director

Davies Products (Liverpool) Limited (Registered number: 00440295)

Notes to the Financial Statements

for the Year Ended 31 December 2022

1. | STATUTORY INFORMATION

| Davies Products (Liverpool) 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the amount of sales invoiced to customers net of value added tax and discounts allowed during the year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | not provided

| Plant and machinery etc | - | 33% on cost and 25% on cost

| Stocks

| Stocks are stated by the directors at the lower of cost and net realisable value determined on a first in, first out basis.

| Pension costs and other post-retirement benefits

| Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.

| Operating leases

| Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2021 - 15 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 January 2022

| and 31 December 2022 | 735,380 |  |

| DEPRECIATION

| At 1 January 2022 | 219,830 |  |

| Charge for year | 2,437 |  |

| At 31 December 2022 | 222,267 |  |

| NET BOOK VALUE

| At 31 December 2022 | 513,113 |  |

| At 31 December 2021 | 515,550 |  |

Davies Products (Liverpool) Limited (Registered number: 00440295)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2022

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 December 2022 is represented by:

| Totals

£ |

| Valuation in 1988 | 66,232 |  |

| Valuation in 2004 | 280,483 |  |

| Valuation in 2006 | (100,000 | ) |

| Cost | 488,665 |  |

735,380 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

2022 | 2021 |

£ | £ |

| Cost | 153,285 |  | 153,285 |  |

| Freehold property was valued on an open market basis basis on 28 February 2007 by Edmund Kirby, Property Consultants. .

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 January 2022

| and 31 December 2022 | 503 |  |

| NET BOOK VALUE

| At 31 December 2022 | 503 |  |

| At 31 December 2021 | 503 |  |

6. | SECURED DEBTS

| The company's bank borrowings are secured by a debenture over the assets of the company and by fixed charges over the freehold property.

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2022

| and 31 December 2022 | 246,717 |  |