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REGISTERED NUMBER: 01161766 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

David G. Davies & Sons Limited

David G. Davies & Sons Limited (Registered number: 01161766)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David G. Davies & Sons Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C S Davies
Mrs B Davies





SECRETARY: C S Davies





REGISTERED OFFICE: Chunal Lane
Glossop
Derbyshire
SK13 6JX





REGISTERED NUMBER: 01161766 (England and Wales)





ACCOUNTANTS: Indigo Blue Accountancy Services Limited
First Floor, 7 High Street East
Glossop
Derbyshire
SK13 8DA

David G. Davies & Sons Limited (Registered number: 01161766)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,235,177 2,253,005
2,235,177 2,253,005

CURRENT ASSETS
Stocks 24,582 16,686
Debtors 6 216,809 419,337
Cash at bank 37,402 27,426
278,793 463,449
CREDITORS
Amounts falling due within one year 7 892,079 1,084,050
NET CURRENT LIABILITIES (613,286 ) (620,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,891

1,632,404

CREDITORS
Amounts falling due after more than
one year

8

(1,056,772

)

(1,044,295

)

PROVISIONS FOR LIABILITIES (85,086 ) (85,086 )
NET ASSETS 480,033 503,023

David G. Davies & Sons Limited (Registered number: 01161766)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Revaluation reserve 9 362,735 362,735
Retained earnings 113,298 136,288
480,033 503,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 August 2024 and were signed on its behalf by:





C S Davies - Director


David G. Davies & Sons Limited (Registered number: 01161766)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

David G. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.


David G. Davies & Sons Limited (Registered number: 01161766)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 57,000
AMORTISATION
At 1 July 2023
and 30 June 2024 57,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

David G. Davies & Sons Limited (Registered number: 01161766)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 500,000 2,370,165 2,870,165
Additions - 648,815 648,815
Disposals - (576,567 ) (576,567 )
At 30 June 2024 500,000 2,442,413 2,942,413
DEPRECIATION
At 1 July 2023 - 617,160 617,160
Charge for year - 201,179 201,179
Eliminated on disposal - (111,103 ) (111,103 )
At 30 June 2024 - 707,236 707,236
NET BOOK VALUE
At 30 June 2024 500,000 1,735,177 2,235,177
At 30 June 2023 500,000 1,753,005 2,253,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 206,524 398,712
Other debtors 10,285 20,625
216,809 419,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 318,583 398,339
Trade creditors 311,362 259,388
Taxation and social security 30,733 56,407
Other creditors 231,401 369,916
892,079 1,084,050

David G. Davies & Sons Limited (Registered number: 01161766)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 1,048,439 991,562
Other creditors 8,333 52,733
1,056,772 1,044,295

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 362,735