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REGISTERED NUMBER: 06235161 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAVEY GROVER LIMITED

DAVEY GROVER LIMITED (REGISTERED NUMBER: 06235161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVEY GROVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr J Windsor
Mr M Chambers





SECRETARY: Mr J Windsor





REGISTERED OFFICE: 4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 06235161 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP

DAVEY GROVER LIMITED (REGISTERED NUMBER: 06235161)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 91,740 137,610
Tangible assets 5 111,608 54,065
203,348 191,675

CURRENT ASSETS
Debtors 6 127,668 134,893
Cash at bank 46,718 47,931
174,386 182,824
CREDITORS
Amounts falling due within one year 7 140,264 148,712
NET CURRENT ASSETS 34,122 34,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,470

225,787

CREDITORS
Amounts falling due after more than one year 8 114,383 74,898
NET ASSETS 123,087 150,889

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 122,885 150,687
SHAREHOLDERS' FUNDS 123,087 150,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 GROVER LIMITED (REGISTERED NUMBER: 06235161)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 6 February 2024 and were signed on its behalf by:




Mr J Windsor - Director



Mr M Chambers - Director


DAVEY GROVER LIMITED (REGISTERED NUMBER: 06235161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Davey Grover 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 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.

Income received in advance of work being done is excluded from the income statement and recognised as deferred income within creditors in note 8 of the accounts, until such time as the work is carried out.

Goodwill
The company acquired goodwill in 2010 and the carrying amount is being evenly amortised over a finite life of 10 years from the date of the change in accounting standards to Financial Reporting Standards 102, that being 1 June 2015.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 20% on cost

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 statement of financial position date.

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.

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 GROVER LIMITED (REGISTERED NUMBER: 06235161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

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.

Amounts recoverable on contracts
Where work performed is in excess of the already invoiced amount, the excess is recognised in sales on the income statement as well as amounts recoverable on contracts on the statement of financial position until an invoice is raised.

Any amounts not intended to be invoiced are excluded from the financial statements at the date the decision is taken.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 611,600
AMORTISATION
At 1 June 2022 473,990
Amortisation for year 45,870
At 31 May 2023 519,860
NET BOOK VALUE
At 31 May 2023 91,740
At 31 May 2022 137,610

DAVEY GROVER LIMITED (REGISTERED NUMBER: 06235161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2022 69,646 50,590 120,236
Additions 6,546 67,365 73,911
At 31 May 2023 76,192 117,955 194,147
DEPRECIATION
At 1 June 2022 59,901 6,270 66,171
Charge for year 5,498 10,870 16,368
At 31 May 2023 65,399 17,140 82,539
NET BOOK VALUE
At 31 May 2023 10,793 100,815 111,608
At 31 May 2022 9,745 44,320 54,065

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,928 52,172
Amounts recoverable on contract 54,655 60,744
Other debtors 23,085 21,977
127,668 134,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,230 32,288
Hire purchase contracts 10,136 5,503
Trade creditors 19,661 16,968
Taxation and social security 66,183 64,744
Other creditors 39,054 29,209
140,264 148,712

DAVEY GROVER LIMITED (REGISTERED NUMBER: 06235161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,571 39,800
Hire purchase contracts 72,544 35,098
Other creditors 7,268 -
114,383 74,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 12,104 17,886

9. OTHER FINANCIAL COMMITMENTS

At 31 May 2023 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £10,498 (2022: £20,561).

10. ULTIMATE CONTROLLING PARTY

The controlling party is the parent company, Davey Grover Consultancy Limited. Mr J Windsor and Mr M Chambers both directly and indirectly hold a 50% interest in Davey Grover Consultancy Limited.