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REGISTERED NUMBER: 03564645 (England and Wales)















Frank Davey Ltd

Unaudited Financial Statements

for the year ended

31 May 2023






Frank Davey Ltd (Registered number: 03564645)

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 Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: S S Davey
Mrs S J Newson





SECRETARY: S S Davey





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





REGISTERED NUMBER: 03564645 (England and Wales)





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

Frank Davey Ltd (Registered number: 03564645)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,570 17,658

CURRENT ASSETS
Debtors 5 512,996 656,150
Cash at bank 363,889 665,568
876,885 1,321,718
CREDITORS
Amounts falling due within one year 6 (388,312 ) (383,259 )
NET CURRENT ASSETS 488,573 938,459
TOTAL ASSETS LESS CURRENT LIABILITIES 503,143 956,117

PROVISIONS FOR LIABILITIES (1,472 ) (1,859 )
NET ASSETS 501,671 954,258

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 501,571 954,158
SHAREHOLDERS' FUNDS 501,671 954,258

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 Ltd (Registered number: 03564645)

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 Ltd (Registered number: 03564645)

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


1. STATUTORY INFORMATION

Frank Davey 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 each asset over its estimated useful life.
Improvements to property - 10% straight line
Plant and machinery - 10% straight line
Fixtures and fittings - 10% straight line
Motor vehicles - 15% on reducing balance
Office equipment - 33.33% straight line

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.

Frank Davey Ltd (Registered number: 03564645)

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

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022
and 31 May 2023 16,898 4,422 209
DEPRECIATION
At 1 June 2022 6,190 1,574 26
Charge for year 1,606 427 28
At 31 May 2023 7,796 2,001 54
NET BOOK VALUE
At 31 May 2023 9,102 2,421 155
At 31 May 2022 10,708 2,848 183

Frank Davey Ltd (Registered number: 03564645)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 19,208 1,074 41,811
DEPRECIATION
At 1 June 2022 15,881 482 24,153
Charge for year 832 195 3,088
At 31 May 2023 16,713 677 27,241
NET BOOK VALUE
At 31 May 2023 2,495 397 14,570
At 31 May 2022 3,327 592 17,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 374,774 536,490
Amounts owed by group undertakings 100 100
Other debtors 138,122 119,560
512,996 656,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 227,718 228,567
Taxation and social security 158,716 152,843
Other creditors 1,878 1,849
388,312 383,259

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

Frank Davey Ltd (Registered number: 03564645)

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


8. CALLED UP SHARE CAPITAL

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
S S Davey
Balance outstanding at start of year (9 ) 1,586
Amounts advanced 301,983 1,591
Amounts repaid (302,012 ) (3,186 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38 ) (9 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Frank Davey 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 Statement of Comprehensive Income 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 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 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 Ltd and state those matters that we have agreed to state to the Board of Directors of Frank Davey 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 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 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 Ltd. You consider that Frank Davey 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 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
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


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