L. A. Davies Construction Ltd |
Registered Number:07488471 |
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2023
L. A. Davies Construction Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
L. A. Davies Construction Ltd
Statement of Financial Position
2022
2023
4,250
4,750
2
Property, plant and equipment |
61,329
56,858
3
65,579
61,608
Trade and other receivables |
65,277
13,916
4
62,973
Cash and cash equivalents |
42,608
56,524
128,250
Trade and other payables: amounts falling due within one |
year |
(74,256)
(40,170)
5
53,994
16,354
Net current assets
Total assets less current liabilities |
81,933
115,602
Trade and other payables: amounts falling due after more |
than one year |
(63,361)
(43,464)
6
(11,111)
(10,802)
Provisions for liabilities |
27,358
Net assets
41,439
1,000
1,000
26,358
40,439
27,358
41,439
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 January 2023
L. A. Davies Construction Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 17 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2023
L. A. Davies Construction Ltd
Notes to the Financial Statements
Statutory Information
L. A. Davies Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07488471. |
251 Chester Road
Oakenholt
Flint
Flintshire
CH6 5ED
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 20 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer & equipment
Motor vehicles
Plant & equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 January 2023
L. A. Davies Construction Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
10,000
10,000
5,250
500
Charge for year
5,750
4,250
4,750
3. Property, plant and equipment |
Motor vehicles
116,485
6,741
54,900
52,994
1,850
17,984
-
17,984
-
-
52,994
72,884
6,741
134,469
1,850
Provision for depreciation and impairment |
59,627
5,619
24,934
29,074
-
Charge for year
13,513
242
4,992
8,279
-
73,140
5,861
29,926
37,353
-
1,850
15,641
42,958
880
61,329
1,850
23,920
29,966
1,122
56,858
4. Trade and other receivables |
2022
2023
900
65,201
Amounts owed by directors |
3,096
-
Taxation and social security |
9,920
76
65,277
13,916
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For the year ended 31 January 2023
L. A. Davies Construction Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
9,128
8,700
9,946
33,241
Taxation and social security |
7,858
19,619
Obligations under HP/Financial leases |
9,243
9,615
3,995
3,081
40,170
74,256
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
26,599
35,176
441
-
27,744
16,865
Obligations under HP/Financial leases |
43,464
63,361
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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