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REGISTERED NUMBER: 04234660 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Davey Roofing Contractors Limited

Davey Roofing Contractors Limited (Registered number: 04234660)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davey Roofing Contractors Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R A Davey
Mrs M L Davey





REGISTERED OFFICE: 134 Ridgeway Lane
Whitchurch
Bristol
Bristol
BS14 9PE





REGISTERED NUMBER: 04234660 (England and Wales)





ACCOUNTANTS: P B Accountancy Ltd
17 Duckmoor Road
Ashton
Bristol
BS3 2DD

Davey Roofing Contractors Limited (Registered number: 04234660)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,529 75,648

CURRENT ASSETS
Stocks 29,906 15,400
Debtors 5 85,145 188,454
Cash at bank 519,236 446,311
634,287 650,165
CREDITORS
Amounts falling due within one year 6 307,274 326,249
NET CURRENT ASSETS 327,013 323,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,542

399,564

CREDITORS
Amounts falling due after more than one
year

7

39,404

39,339
NET ASSETS 368,138 360,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 368,038 360,125
SHAREHOLDERS' FUNDS 368,138 360,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Davey Roofing Contractors Limited (Registered number: 04234660)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 27 September 2023 and were signed on its behalf by:





R A Davey - Director


Davey Roofing Contractors Limited (Registered number: 04234660)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Davey Roofing Contractors 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Davey Roofing Contractors Limited (Registered number: 04234660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 221,674
Additions 38,775
Disposals (39,215 )
At 31 March 2023 221,234
DEPRECIATION
At 1 April 2022 146,026
Charge for year 26,855
Eliminated on disposal (32,176 )
At 31 March 2023 140,705
NET BOOK VALUE
At 31 March 2023 80,529
At 31 March 2022 75,648

Davey Roofing Contractors Limited (Registered number: 04234660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 88,215
Additions 38,775
Transfer to ownership (9,650 )
At 31 March 2023 117,340
DEPRECIATION
At 1 April 2022 30,466
Charge for year 23,114
Transfer to ownership (5,579 )
At 31 March 2023 48,001
NET BOOK VALUE
At 31 March 2023 69,339
At 31 March 2022 57,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 79,988 159,851
Other debtors 5,157 28,603
85,145 188,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 23,944 19,122
Trade creditors 152,728 176,475
Taxation and social security 55,612 59,123
Other creditors 74,990 71,529
307,274 326,249

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 39,404 39,339

Davey Roofing Contractors Limited (Registered number: 04234660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
R A Davey
Balance outstanding at start of year (1,102 ) (1,079 )
Amounts repaid (23,000 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,166 ) (1,102 )

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous periods by the shareholders and Directors Mr R Davey and Mrs M L Davey