Registered number
04828761
DAVIES CARRINGTON LIMITED
Filleted Accounts
31 July 2023
DAVIES CARRINGTON LIMITED
Registered number: 04828761
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,352 4,852
Current assets
Debtors 4 10,651 16,331
Cash at bank and in hand 31,391 30,876
42,042 47,207
Creditors: amounts falling due within one year 5 (30,072) (22,564)
Net current assets 11,970 24,643
Total assets less current liabilities 16,322 29,495
Creditors: amounts falling due after more than one year 6 (10,000) (10,000)
Provisions for liabilities (827) (922)
Net assets 5,495 18,573
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,395 18,473
Shareholders' funds 5,495 18,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C A Barlow
Director
Approved by the board on 20 December 2023
DAVIES CARRINGTON LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 33,089
Additions 542
At 31 July 2023 33,631
Depreciation
At 1 August 2022 28,237
Charge for the year 1,042
At 31 July 2023 29,279
Net book value
At 31 July 2023 4,352
At 31 July 2022 4,852
4 Debtors 2023 2022
£ £
Trade debtors and prepayments 9,590 13,240
Other debtors 1,061 3,091
10,651 16,331
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 1,169 2,352
Corporation tax 26,852 18,096
Other creditors - directors' loan account 2,051 2,116
30,072 22,564
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - directors' loan accounts 10,000 10,000
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The controlling parties are the directors, Mr D A Fraser and Mr C A Barlow, by virtue of their ownership of 100% of the issued ordinary share capital of the company.
10 Other information
DAVIES CARRINGTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Fernhills Business Centre
Todd Street
Bury
Lancashire
BL9 5BJ
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