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REGISTERED NUMBER: 00177588 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Davis, Hudson & Company Limited

Davis, Hudson & Company Limited (Registered number: 00177588)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Davis, Hudson & Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr D A Holland
Mrs D Holland





SECRETARY: Mrs D Holland





REGISTERED OFFICE: 17 Bickford Road
Witton
Birmingham
West Midlands
B6 7EE





REGISTERED NUMBER: 00177588 (England and Wales)

Davis, Hudson & Company Limited (Registered number: 00177588)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,178 27,993
33,178 27,993

CURRENT ASSETS
Stocks 17,882 13,117
Debtors 108,303 93,674
Cash at bank and in hand 204,050 145,446
330,235 252,237
CREDITORS
Amounts falling due within one year 89,757 40,669
NET CURRENT ASSETS 240,478 211,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,656

239,561

PROVISIONS FOR LIABILITIES 8,294 4,651
NET ASSETS 265,362 234,910

CAPITAL AND RESERVES
Called up share capital 6 184 184
Retained earnings 265,178 234,726
SHAREHOLDERS' FUNDS 265,362 234,910

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

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

Davis, Hudson & Company Limited (Registered number: 00177588)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed on its behalf by:





Mr D A Holland - Director


Davis, Hudson & Company Limited (Registered number: 00177588)

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

1. STATUTORY INFORMATION

Davis, Hudson & Company 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Davis, Hudson & Company Limited (Registered number: 00177588)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 75,850
AMORTISATION
At 1 June 2023
and 31 May 2024 75,850
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 115,008
Additions 13,495
Disposals (46,587 )
At 31 May 2024 81,916
DEPRECIATION
At 1 June 2023 87,015
Charge for year 9,842
Eliminated on disposal (48,119 )
At 31 May 2024 48,738
NET BOOK VALUE
At 31 May 2024 33,178
At 31 May 2023 27,993

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
184 Ordinary £1 184 184