IRIS Accounts Production v24.1.0.578 09381894 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093818942023-03-31093818942024-03-31093818942023-04-012024-03-31093818942022-03-31093818942022-04-012023-03-31093818942023-03-3109381894ns15:EnglandWales2023-04-012024-03-3109381894ns14:PoundSterling2023-04-012024-03-3109381894ns10:Director12023-04-012024-03-3109381894ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109381894ns10:SmallEntities2023-04-012024-03-3109381894ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109381894ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109381894ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109381894ns10:FullAccounts2023-04-012024-03-3109381894ns10:RegisteredOffice2023-04-012024-03-3109381894ns5:CurrentFinancialInstruments2024-03-3109381894ns5:CurrentFinancialInstruments2023-03-3109381894ns5:Non-currentFinancialInstruments2024-03-3109381894ns5:Non-currentFinancialInstruments2023-03-3109381894ns5:ShareCapital2024-03-3109381894ns5:ShareCapital2023-03-3109381894ns5:RetainedEarningsAccumulatedLosses2024-03-3109381894ns5:RetainedEarningsAccumulatedLosses2023-03-3109381894ns5:PlantMachinery2023-04-012024-03-3109381894ns5:MotorVehicles2023-04-012024-03-3109381894ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3109381894ns5:PlantMachinery2023-03-3109381894ns5:MotorVehicles2023-03-3109381894ns5:ComputerEquipment2023-03-3109381894ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3109381894ns5:ComputerEquipment2023-04-012024-03-3109381894ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3109381894ns5:PlantMachinery2024-03-3109381894ns5:MotorVehicles2024-03-3109381894ns5:ComputerEquipment2024-03-3109381894ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3109381894ns5:PlantMachinery2023-03-3109381894ns5:MotorVehicles2023-03-3109381894ns5:ComputerEquipment2023-03-3109381894ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109381894ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109381894ns5:OtherTransactionType12023-04-012024-03-31
REGISTERED NUMBER: 09381894 (England and Wales)















THEO DAVIES & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


THEO DAVIES & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Director: E T Davies





Registered office: St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL





Registered number: 09381894 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 44,294 82,533

Current assets
Stocks 12,525 16,500
Debtors 5 118,852 95,782
Cash at bank 120,718 99,792
252,095 212,074
Creditors
Amounts falling due within one year 6 120,835 124,054
Net current assets 131,260 88,020
Total assets less current liabilities 175,554 170,553

Creditors
Amounts falling due after more than one
year

7

(12,820

)

(23,274

)

Provisions for liabilities (9,585 ) (20,634 )
Net assets 153,149 126,645

Capital and reserves
Called up share capital 60 60
Retained earnings 153,089 126,585
Shareholders' funds 153,149 126,645

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 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.

THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

BALANCE SHEET - 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 director and authorised for issue on 7 August 2024 and were signed by:





E T Davies - Director


THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Theo Davies & Sons 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 represents net sale of goods, excluding value added tax and discounts.

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 - 20% on reducing balance
Motor vehicles - 15% on reducing balance

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.

THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 9 ) .

4. Tangible fixed assets
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 2,919 84,103 66,964 5,278 159,264
Additions 1,440 338 - 786 2,564
Disposals - - (47,083 ) - (47,083 )
At 31 March 2024 4,359 84,441 19,881 6,064 114,745
Depreciation
At 1 April 2023 - 54,423 19,359 2,949 76,731
Charge for year - 5,942 8,493 696 15,131
Eliminated on disposal - - (21,411 ) - (21,411 )
At 31 March 2024 - 60,365 6,441 3,645 70,451
Net book value
At 31 March 2024 4,359 24,076 13,440 2,419 44,294
At 31 March 2023 2,919 29,680 47,605 2,329 82,533

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 111,190 88,884
Other debtors 7,662 6,898
118,852 95,782

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,977 9,249
Trade creditors 13,426 15,496
Taxation and social security 63,609 32,134
Other creditors 33,823 67,175
120,835 124,054

THEO DAVIES & SONS LIMITED (REGISTERED NUMBER: 09381894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 12,820 23,274

8. Related party disclosures

Included in other creditors is £18,890 (2023 28,959 ) due to the director , no interest has been charged and the loan is repayable on demand.

9. Ultimate controlling party

The company was under the control of the directors for the whole period.