IRIS Accounts Production v23.3.1.45 10575237 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure105752372022-05-31105752372023-05-31105752372022-06-012023-05-31105752372021-05-31105752372021-06-012022-05-31105752372022-05-3110575237ns16:EnglandWales2022-06-012023-05-3110575237ns15:PoundSterling2022-06-012023-05-3110575237ns11:Director12022-06-012023-05-3110575237ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3110575237ns11:SmallEntities2022-06-012023-05-3110575237ns11:AuditExemptWithAccountantsReport2022-06-012023-05-3110575237ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3110575237ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3110575237ns11:FullAccounts2022-06-012023-05-3110575237ns11:OrdinaryShareClass12022-06-012023-05-3110575237ns11:Director22022-06-012023-05-3110575237ns11:RegisteredOffice2022-06-012023-05-3110575237ns6:CurrentFinancialInstruments2023-05-3110575237ns6:CurrentFinancialInstruments2022-05-3110575237ns6:ShareCapital2023-05-3110575237ns6:ShareCapital2022-05-3110575237ns6:RetainedEarningsAccumulatedLosses2023-05-3110575237ns6:RetainedEarningsAccumulatedLosses2022-05-3110575237ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-06-012023-05-3110575237ns6:PlantMachinery2022-06-012023-05-3110575237ns6:MotorVehicles2022-06-012023-05-3110575237ns6:ComputerEquipment2022-06-012023-05-3110575237ns6:LandBuildings2022-05-3110575237ns6:PlantMachinery2022-05-3110575237ns6:MotorVehicles2022-05-3110575237ns6:ComputerEquipment2022-05-3110575237ns6:LandBuildings2022-06-012023-05-3110575237ns6:LandBuildings2023-05-3110575237ns6:PlantMachinery2023-05-3110575237ns6:MotorVehicles2023-05-3110575237ns6:ComputerEquipment2023-05-3110575237ns6:LandBuildings2022-05-3110575237ns6:PlantMachinery2022-05-3110575237ns6:MotorVehicles2022-05-3110575237ns6:ComputerEquipment2022-05-3110575237ns6:CostValuation2022-05-3110575237ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3110575237ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3110575237ns11:OrdinaryShareClass12023-05-3110575237ns11:Director112022-05-3110575237ns11:Director112021-05-3110575237ns11:Director112022-06-012023-05-3110575237ns11:Director112021-06-012022-05-3110575237ns11:Director112023-05-3110575237ns11:Director112022-05-31105752372ns11:Director22022-05-31105752372ns11:Director22021-05-31105752372ns11:Director22022-06-012023-05-31105752372ns11:Director22021-06-012022-05-31105752372ns11:Director22023-05-31105752372ns11:Director22022-05-31
REGISTERED NUMBER: 10575237 (England and Wales)















Frank Davey Group Holdings Ltd

Unaudited Financial Statements

for the year ended

31 May 2023






Frank Davey Group Holdings Ltd (Registered number: 10575237)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Accountants' Report 8

Frank Davey Group Holdings Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: S S Davey
Mrs S J Newson





REGISTERED OFFICE: Walnut Tree Lodge
Garden House Lane
Rickinghall
Diss
Norfolk
IP22 1EA





REGISTERED NUMBER: 10575237 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Frank Davey Group Holdings Ltd (Registered number: 10575237)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 673,095 592,830
Investments 5 100 100
673,195 592,930

CURRENT ASSETS
Debtors 6 215,049 10,935
Cash at bank 445,036 147,089
660,085 158,024
CREDITORS
Amounts falling due within one year 7 (52,009 ) (101,381 )
NET CURRENT ASSETS 608,076 56,643
TOTAL ASSETS LESS CURRENT LIABILITIES 1,281,271 649,573

PROVISIONS FOR LIABILITIES (59,553 ) (64,779 )
NET ASSETS 1,221,718 584,794

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,221,618 584,694
SHAREHOLDERS' FUNDS 1,221,718 584,794

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.

Frank Davey Group Holdings Ltd (Registered number: 10575237)

Balance Sheet - 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 29 January 2024 and were signed on its behalf by:





S S Davey - Director


Frank Davey Group Holdings Ltd (Registered number: 10575237)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

Frank Davey Group Holdings Ltd 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 1% on reducing balance
Plant and machinery - 10% straight line
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 balance sheet date.


Frank Davey Group Holdings Ltd (Registered number: 10575237)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 254,481 159,000 331,279 125 744,885
Additions - 98,476 84,100 - 182,576
Disposals - - (21,000 ) - (21,000 )
At 31 May 2023 254,481 257,476 394,379 125 906,461
DEPRECIATION
At 1 June 2022 2,591 47,803 101,570 91 152,055
Charge for year 1,045 22,602 67,089 9 90,745
Eliminated on disposal - - (9,434 ) - (9,434 )
At 31 May 2023 3,636 70,405 159,225 100 233,366
NET BOOK VALUE
At 31 May 2023 250,845 187,071 235,154 25 673,095
At 31 May 2022 251,890 111,197 229,709 34 592,830

Included in cost of land and buildings is freehold land of £ 150,000 (2022 - £ 150,000 ) which is not depreciated.

Frank Davey Group Holdings Ltd (Registered number: 10575237)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 100
NET BOOK VALUE
At 31 May 2023 100
At 31 May 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 780 6,780
Other debtors 214,269 4,155
215,049 10,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34 31
Amounts owed to group undertakings 100 100
Taxation and social security 50,625 -
Other creditors 1,250 101,250
52,009 101,381

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Frank Davey Group Holdings Ltd (Registered number: 10575237)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
S S Davey
Balance outstanding at start of year - -
Amounts advanced 50,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,000 -

Mrs S J Newson
Balance outstanding at start of year - -
Amounts advanced 100,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,000 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Frank Davey Group Holdings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Frank Davey Group Holdings Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Frank Davey Group Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Frank Davey Group Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Frank Davey Group Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Frank Davey Group Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Frank Davey Group Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Frank Davey Group Holdings Ltd. You consider that Frank Davey Group Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Frank Davey Group Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................