IRIS Accounts Production v23.4.0.336 07648805 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076488052022-11-30076488052023-11-30076488052022-12-012023-11-30076488052021-11-30076488052021-12-012022-11-30076488052022-11-3007648805ns15:EnglandWales2022-12-012023-11-3007648805ns14:PoundSterling2022-12-012023-11-3007648805ns10:Director12022-12-012023-11-3007648805ns10:Director22022-12-012023-11-3007648805ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007648805ns10:SmallEntities2022-12-012023-11-3007648805ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007648805ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007648805ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007648805ns10:FullAccounts2022-12-012023-11-3007648805ns10:RegisteredOffice2022-12-012023-11-3007648805ns5:CurrentFinancialInstruments2023-11-3007648805ns5:CurrentFinancialInstruments2022-11-3007648805ns5:ShareCapital2023-11-3007648805ns5:ShareCapital2022-11-3007648805ns5:RetainedEarningsAccumulatedLosses2023-11-3007648805ns5:RetainedEarningsAccumulatedLosses2022-11-3007648805ns5:PlantMachinery2022-12-012023-11-3007648805ns5:MotorVehicles2022-12-012023-11-300764880512022-12-012023-11-300764880522022-12-012023-11-3007648805ns5:PlantMachinery2022-11-3007648805ns5:FurnitureFittings2022-11-3007648805ns5:MotorVehicles2022-11-3007648805ns5:FurnitureFittings2022-12-012023-11-3007648805ns5:PlantMachinery2023-11-3007648805ns5:FurnitureFittings2023-11-3007648805ns5:MotorVehicles2023-11-3007648805ns5:PlantMachinery2022-11-3007648805ns5:FurnitureFittings2022-11-3007648805ns5:MotorVehicles2022-11-3007648805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007648805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 07648805 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DAVIES WRIGHT LIMITED

DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIES WRIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr P Wright
Mr G Davies





REGISTERED OFFICE: 1 Shaeffer Court
Great Meadow Road
Leicester
LE4 0QA





REGISTERED NUMBER: 07648805 (England and Wales)

DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,305 6,747

CURRENT ASSETS
Debtors 5 92 579
Cash at bank and in hand 12,590 3,869
12,682 4,448
CREDITORS
Amounts falling due within one year 6 77,662 61,184
NET CURRENT LIABILITIES (64,980 ) (56,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,675

)

(49,989

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,775 ) (50,089 )
SHAREHOLDERS' FUNDS (60,675 ) (49,989 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

BALANCE SHEET - continued
30 NOVEMBER 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 16 March 2024 and were signed on its behalf by:




Mr G Davies - Director



Mr P Wright - Director


DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Davies Wright 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.

The financial statements have been prepared on a going concern basis. Continuing to trade depends upon the support of the company's shareholders. Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

Sale of goods
Turnover is recognised at legal completion in respect of the total proceeds of building and development. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. The sale proceeds of part exchange houses are not included in revenue.

Construction Contracts
Turnover is only recognised on a construction contract where the outcome can be estimated reliably. Turnover and costs are recognised by reference to the stage of completion of contract activity at the year end date. This is normally measure by surveys of work performed to date. Contracts are only treated as construction contracts when they have been specifically negotiated for the construction of a development or property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Motor vehicles - Straight line over 4 years

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.


DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

DAVIES WRIGHT LIMITED (REGISTERED NUMBER: 07648805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 6,927 1,557 13,495 21,979
Additions 1,241 - - 1,241
At 30 November 2023 8,168 1,557 13,495 23,220
DEPRECIATION
At 1 December 2022 6,927 1,557 6,748 15,232
Charge for year 310 - 3,373 3,683
At 30 November 2023 7,237 1,557 10,121 18,915
NET BOOK VALUE
At 30 November 2023 931 - 3,374 4,305
At 30 November 2022 - - 6,747 6,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 92 579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,607 1,135
Taxation and social security 3,746 891
Other creditors 65,309 59,158
77,662 61,184

7. RELATED PARTY DISCLOSURES

Included within 'Other Creditors' is an amount of £62,984 (2022: £56,968) owed to the Directors who are also the shareholders in the company.