7 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01549755 2022-02-01 2023-01-31 01549755 2023-01-31 01549755 2022-01-31 01549755 2021-02-01 2022-01-31 01549755 2022-01-31 01549755 core:FurnitureFittings 2022-02-01 2023-01-31 01549755 core:MotorVehicles 2022-02-01 2023-01-31 01549755 bus:Director3 2022-02-01 2023-01-31 01549755 core:LandBuildings 2022-01-31 01549755 core:FurnitureFittings 2022-01-31 01549755 core:MotorVehicles 2022-01-31 01549755 core:LandBuildings 2023-01-31 01549755 core:FurnitureFittings 2023-01-31 01549755 core:MotorVehicles 2023-01-31 01549755 core:LandBuildings 2022-02-01 2023-01-31 01549755 core:WithinOneYear 2023-01-31 01549755 core:WithinOneYear 2022-01-31 01549755 core:AfterOneYear 2023-01-31 01549755 core:AfterOneYear 2022-01-31 01549755 core:ShareCapital 2023-01-31 01549755 core:ShareCapital 2022-01-31 01549755 core:RetainedEarningsAccumulatedLosses 2023-01-31 01549755 core:RetainedEarningsAccumulatedLosses 2022-01-31 01549755 core:LandBuildings 2022-01-31 01549755 core:FurnitureFittings 2022-01-31 01549755 core:MotorVehicles 2022-01-31 01549755 bus:SmallEntities 2022-02-01 2023-01-31 01549755 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 01549755 bus:FullAccounts 2022-02-01 2023-01-31 01549755 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 01549755 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 01549755
G L and D M Davies Limited
Filleted Unaudited Financial Statements
31 January 2023
G L and D M Davies Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
432,753
428,214
Current assets
Stocks
233,268
272,019
Debtors
6
11,749
5,464
Cash at bank and in hand
184,056
181,528
---------
---------
429,073
459,011
Creditors: amounts falling due within one year
7
292,953
314,988
---------
---------
Net current assets
136,120
144,023
---------
---------
Total assets less current liabilities
568,873
572,237
Creditors: amounts falling due after more than one year
8
36,392
41,994
Provisions
Taxation including deferred tax
3,664
4,846
---------
---------
Net assets
528,817
525,397
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
528,717
525,297
---------
---------
Shareholders funds
528,817
525,397
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
G L and D M Davies Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 23 October 2023 , and are signed on behalf of the board by:
Mr G J Davies
Director
Company registration number: 01549755
G L and D M Davies Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Edward Street, Westbury, Wiltshire, BA13 3BD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax. Deferred tax where material is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 8 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2022
403,295
75,533
41,796
520,624
Additions
10,174
10,174
---------
--------
--------
---------
At 31 January 2023
413,469
75,533
41,796
530,798
---------
--------
--------
---------
Depreciation
At 1 February 2022
69,496
22,914
92,410
Charge for the year
914
4,721
5,635
---------
--------
--------
---------
At 31 January 2023
70,410
27,635
98,045
---------
--------
--------
---------
Carrying amount
At 31 January 2023
413,469
5,123
14,161
432,753
---------
--------
--------
---------
At 31 January 2022
403,295
6,037
18,882
428,214
---------
--------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
11,749
5,464
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,444
9,444
Trade creditors
34,725
48,515
Corporation tax
13,575
17,985
Social security and other taxes
11,816
10,661
Other creditors
223,393
228,383
---------
---------
292,953
314,988
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
36,392
41,994
--------
--------
The bank loans are secured