Company Registration No. NI633288 (Northern Ireland)
Davison Contracts (N.I.) Limited
Unaudited accounts
for the year ended 31 August 2023
Davison Contracts (N.I.) Limited
Unaudited accounts
Contents
Davison Contracts (N.I.) Limited
Company Information
for the year ended 31 August 2023
Director
Mr William Davison
Secretary
Mr William Davison
Company Number
NI633288 (Northern Ireland)
Registered Office
58A Moneygran Road
Kilrea
Coleraine
County Londonderry
BT51 5SL
Northern Ireland
Accountants
TAG Accountants (N.I.) Ltd
81a Galgorm Road
Ballymena
Co Antrim
BT42 1AA
Davison Contracts (N.I.) Limited
Statement of financial position
as at 31 August 2023
Tangible assets
112,000
92,250
Inventories
142,525
80,375
Cash at bank and in hand
7,258
3,631
Creditors: amounts falling due within one year
(99,868)
(115,571)
Net current assets
107,021
65,300
Total assets less current liabilities
219,021
157,550
Provisions for liabilities
Deferred tax
(21,280)
(17,528)
Net assets
197,741
140,022
Called up share capital
100
100
Profit and loss account
197,641
139,922
Shareholders' funds
197,741
140,022
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2023 and were signed on its behalf by
Mr William Davison
Director
Company Registration No. NI633288
Davison Contracts (N.I.) Limited
Notes to the Accounts
for the year ended 31 August 2023
Davison Contracts (N.I.) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI633288. The registered office is 58A Moneygran Road, Kilrea, Coleraine, County Londonderry, BT51 5SL, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
204,981
2,000
206,981
At 31 August 2023
249,656
2,000
251,656
At 1 September 2022
113,150
1,581
114,731
Charge for the year
24,841
84
24,925
At 31 August 2023
137,991
1,665
139,656
At 31 August 2023
111,665
335
112,000
At 31 August 2022
91,831
419
92,250
Davison Contracts (N.I.) Limited
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
53,187
88,850
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,026
39,999
Obligations under finance leases and hire purchase contracts
23,627
23,750
Trade creditors
49,506
33,263
Taxes and social security
10,570
16,964
Loans from directors
(16,861)
(905)
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).