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REGISTERED NUMBER: 02816231 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Davey's Livestock Transport Limited

Davey's Livestock Transport Limited (Registered number: 02816231)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Davey's Livestock Transport Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs L A Frain





REGISTERED OFFICE: Tregadillett House
Tregadillett
Launceston
Cornwall
PL15 7EX





REGISTERED NUMBER: 02816231 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Davey's Livestock Transport Limited (Registered number: 02816231)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 245,292 117,492

CURRENT ASSETS
Debtors 5 276,656 322,274
Cash at bank and in hand 41,189 43,152
317,845 365,426
CREDITORS
Amounts falling due within one year 6 390,272 322,861
NET CURRENT (LIABILITIES)/ASSETS (72,427 ) 42,565
TOTAL ASSETS LESS CURRENT LIABILITIES 172,865 160,057

CREDITORS
Amounts falling due after more than one
year

7

(108,710

)

(92,888

)

PROVISIONS FOR LIABILITIES (20,937 ) -
NET ASSETS 43,218 67,169

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 43,215 67,166
SHAREHOLDERS' FUNDS 43,218 67,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Davey's Livestock Transport Limited (Registered number: 02816231)

Balance Sheet - continued
31 October 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 director and authorised for issue on 30 July 2024 and were signed by:





Mrs L A Frain - Director


Davey's Livestock Transport Limited (Registered number: 02816231)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Davey's Livestock Transport 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

Davey's Livestock Transport Limited (Registered number: 02816231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 443,805
Additions 190,853
Disposals (23,000 )
At 31 October 2023 611,658
DEPRECIATION
At 1 November 2022 326,313
Charge for year 43,503
Eliminated on disposal (3,450 )
At 31 October 2023 366,366
NET BOOK VALUE
At 31 October 2023 245,292
At 31 October 2022 117,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 201,526 221,100
Other debtors 75,130 101,174
276,656 322,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 27,059 29,110
Hire purchase contracts (see note 9) 56,278 7,611
Trade creditors 107,413 98,686
Taxation and social security 139,765 122,030
Other creditors 59,757 65,424
390,272 322,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 56,410 73,225
Hire purchase contracts (see note 9) 52,300 19,663
108,710 92,888

Davey's Livestock Transport Limited (Registered number: 02816231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,048 23,877

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 11,451 14,710
Bank loans 15,608 14,400
27,059 29,110

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,362 49,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,048 23,877

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.23 31.10.22
£    £   
Net obligations repayable:
Within one year 56,278 7,611
Between one and five years 52,300 19,663
108,578 27,274

Non-cancellable operating leases
31.10.23 31.10.22
£    £   
Within one year 9,761 23,107
Between one and five years 10,149 17,760
19,910 40,867

Davey's Livestock Transport Limited (Registered number: 02816231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. RELATED PARTY DISCLOSURES

As at 31 October the company owed the director Mrs L A Frain an amount of £26,212 (31 October 2022: £15,530). No interest is charged and the balance is repayable on demand.

As at 31 October the shareholder Mrs R Davey owed the company an amount of £40,354 (31 October 2022: £59,079). Interest is charged at the official rate of interest and the balance is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

Mrs R Davey by virtue of her shareholding controls the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Davey's Livestock Transport Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Davey's Livestock Transport Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet 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 director of Davey's Livestock Transport Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davey's Livestock Transport Limited and state those matters that we have agreed to state to the director of Davey's Livestock Transport Limited 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 Davey's Livestock Transport Limited and its director for our work or for this report.

It is your duty to ensure that Davey's Livestock Transport Limited 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 loss of Davey's Livestock Transport Limited. You consider that Davey's Livestock Transport Limited 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 Davey's Livestock Transport Limited. 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
9 Western Road
Launceston
Cornwall
PL15 7AR


31 July 2024