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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
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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
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Davison Contracts (N.I.) Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
112,000 
92,250 
Current assets
Inventories
142,525 
80,375 
Debtors
57,106 
96,865 
Cash at bank and in hand
7,258 
3,631 
206,889 
180,871 
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 
Capital and reserves
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
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Davison Contracts (N.I.) Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Additions
44,675 
- 
44,675 
At 31 August 2023
249,656 
2,000 
251,656 
Depreciation
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 
Net book value
At 31 August 2023
111,665 
335 
112,000 
At 31 August 2022
91,831 
419 
92,250 
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Davison Contracts (N.I.) Limited Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,919 
8,015 
Trade debtors
53,187 
88,850 
57,106 
96,865 
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)
Accruals
3,000 
2,500 
99,868 
115,571 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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