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REGISTERED NUMBER: 02545782 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Davroy Contracts Limited

Davroy Contracts Limited (Registered number: 02545782)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountant's Report 8

Davroy Contracts Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Durber
N Reynolds





SECRETARY: P Durber





REGISTERED OFFICE: 510 Queslett Road
Great Barr
Birmingham
West Midlands
B43 7EJ





REGISTERED NUMBER: 02545782 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Davroy Contracts Limited (Registered number: 02545782)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,519 63,191

CURRENT ASSETS
Stocks 255,598 372,087
Debtors 5 703,774 704,249
Cash at bank and in hand 1,754,242 1,250,180
2,713,614 2,326,516
CREDITORS
Amounts falling due within one year 6 667,731 617,598
NET CURRENT ASSETS 2,045,883 1,708,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,164,402

1,772,109

PROVISIONS FOR LIABILITIES 7 13,734 7,039
NET ASSETS 2,150,668 1,765,070

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 2,150,666 1,765,068
SHAREHOLDERS' FUNDS 2,150,668 1,765,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Davroy Contracts Limited (Registered number: 02545782)

Statement of Financial Position - continued
31 March 2024


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 23 July 2024 and were signed on its behalf by:





N Reynolds - Director


Davroy Contracts Limited (Registered number: 02545782)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Davroy Contracts 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.

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 represents the value of work done in the year, including estimates of amounts due on contracts not yet invoiced.

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 - 25% reducing balance
Fixtures and Fittings - Fully depreciated
Motor Vehicles - 25% reducing balance

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 stocks 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 statement of financial position date.


Davroy Contracts Limited (Registered number: 02545782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Davroy Contracts Limited (Registered number: 02545782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 35,618 14,587 127,796 178,001
Additions 47,916 - 49,950 97,866
Disposals - - (61,492 ) (61,492 )
At 31 March 2024 83,534 14,587 116,254 214,375
DEPRECIATION
At 1 April 2023 10,603 14,587 89,620 114,810
Charge for year 6,718 - 19,854 26,572
Eliminated on disposal - - (45,526 ) (45,526 )
At 31 March 2024 17,321 14,587 63,948 95,856
NET BOOK VALUE
At 31 March 2024 66,213 - 52,306 118,519
At 31 March 2023 25,015 - 38,176 63,191

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 360,279 431,724
Amounts owed by group undertakings 204,552 127,078
Other debtors 489 489
VAT 138,454 144,958
703,774 704,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 309,251 395,042
Tax 286,701 146,727
Social security and other taxes 55,842 51,275
Other creditors 3,727 15,264
Accruals and deferred income 12,210 9,290
667,731 617,598

Davroy Contracts Limited (Registered number: 02545782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 13,734 7,039

Deferred
tax
£   
Balance at 1 April 2023 7,039
Provided during year 6,695
Balance at 31 March 2024 13,734

8. RELATED PARTY DISCLOSURES

During the year the company was charged £240,000 (2023 - £240,000) for management services by Davroy Contracts (Holdings) Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company at the balance sheet date was Davroy Contracts (Holdings) Limited, a company incorporated in England and Wales, which controls 100% of the issued share capital of the company.

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Davroy Contracts Limited

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 Statement of Financial Position. Readers are cautioned that the Income Statement 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, I have prepared for your approval the financial statements of Davroy Contracts Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am 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 Davroy Contracts Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Davroy Contracts Limited and state those matters that I have agreed to state to the Board of Directors of Davroy Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Davroy Contracts Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Davroy Contracts 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 profit of Davroy Contracts Limited. You consider that Davroy Contracts Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Davroy Contracts Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN


23 July 2024