REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st October 2023 |
for |
Davies Battersby Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st October 2023 |
for |
Davies Battersby Limited |
Davies Battersby Limited (Registered number: 02973410) |
Contents of the Financial Statements |
For The Year Ended 31st October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Davies Battersby Limited |
Company Information |
For The Year Ended 31st October 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
5 Century Court |
Tolpits Lane |
Watford |
Hertfordshire |
WD18 9PX |
Davies Battersby Limited (Registered number: 02973410) |
Balance Sheet |
31st October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Inventories |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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 Battersby Limited (Registered number: 02973410) |
Balance Sheet - continued |
31st October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Davies Battersby Limited (Registered number: 02973410) |
Notes to the Financial Statements |
For The Year Ended 31st October 2023 |
1. | STATUTORY INFORMATION |
Davies Battersby Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net value of services provided, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Davies Battersby Limited (Registered number: 02973410) |
Notes to the Financial Statements - continued |
For The Year Ended 31st October 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st November 2022 |
Additions |
At 31st October 2023 |
DEPRECIATION |
At 1st November 2022 |
Charge for year |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st November 2022 |
Additions |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
Fair value at 31st October 2023 is represented by: |
£ |
Valuation in 2023 | 918,570 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
Davies Battersby Limited (Registered number: 02973410) |
Notes to the Financial Statements - continued |
For The Year Ended 31st October 2023 |
7. | CURRENT ASSET INVESTMENTS |
2023 | 2022 |
£ | £ |
Listed investments | 31,311 | 31,057 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
PAYE Payable | (1,843 | ) | (1,745 | ) |
Tax |
Pension Payable | 201 | 274 |
VAT | 14,676 | 9,848 |
Other creditors |
Directors' current accounts | 586 | 1,076 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 129,137 | 143,270 |
10. | SECURED DEBTS |
Bank loan are secured by a fixed charges over the following properties of the company in favour of National Westminster Bank PLC: |
a) 3A Haydon Park Road |
Wimbledon |
London |
SW19 8JP |
b) Ground Floor Flat, |
21 Gap Road |
London |
SW19 8JG |
11. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £55,000 were paid to the director and the directors remuneration amounted to £12,000. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is P J Battersby. |
Davies Battersby Limited (Registered number: 02973410) |
Notes to the Financial Statements - continued |
For The Year Ended 31st October 2023 |
13. | CLIENT MONIES HELD |
At 31 October 2022, the company held £ 21,666.93 (2022: £48,785) on behalf of its clients. |