Davies Products (Liverpool) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00440295 (England and Wales)

Financial Statements

for the Year Ended 31 December 2022

for

Davies Products (Liverpool) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

513,113

515,550

Investments

5

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

Revaluation reserve

7

246,717

Capital redemption reserve

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.

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

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

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

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