Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity65falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06441029 2023-01-01 2023-12-31 06441029 2022-01-01 2022-12-31 06441029 2023-12-31 06441029 2022-12-31 06441029 c:Director1 2023-01-01 2023-12-31 06441029 c:Director2 2023-01-01 2023-12-31 06441029 c:RegisteredOffice 2023-01-01 2023-12-31 06441029 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 06441029 d:Buildings d:LongLeaseholdAssets 2023-12-31 06441029 d:Buildings d:LongLeaseholdAssets 2022-12-31 06441029 d:PlantMachinery 2023-01-01 2023-12-31 06441029 d:PlantMachinery 2023-12-31 06441029 d:PlantMachinery 2022-12-31 06441029 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06441029 d:MotorVehicles 2023-01-01 2023-12-31 06441029 d:MotorVehicles 2023-12-31 06441029 d:MotorVehicles 2022-12-31 06441029 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06441029 d:OfficeEquipment 2023-01-01 2023-12-31 06441029 d:OfficeEquipment 2023-12-31 06441029 d:OfficeEquipment 2022-12-31 06441029 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06441029 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06441029 d:CurrentFinancialInstruments 2023-12-31 06441029 d:CurrentFinancialInstruments 2022-12-31 06441029 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06441029 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06441029 d:ShareCapital 2023-12-31 06441029 d:ShareCapital 2022-12-31 06441029 d:RetainedEarningsAccumulatedLosses 2023-12-31 06441029 d:RetainedEarningsAccumulatedLosses 2022-12-31 06441029 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06441029 c:OrdinaryShareClass1 2023-12-31 06441029 c:OrdinaryShareClass1 2022-12-31 06441029 c:FRS102 2023-01-01 2023-12-31 06441029 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06441029 c:FullAccounts 2023-01-01 2023-12-31 06441029 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06441029 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 06441029










G. DAVIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
G. DAVIES LIMITED
 

COMPANY INFORMATION


Directors
Mr G L Davies 
Mrs J A Davies 




Registered number
06441029



Registered office
78 York Street

London

W1H 1DP




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
G. DAVIES LIMITED
REGISTERED NUMBER: 06441029

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
112,711
31,528

  
112,711
31,528

Current assets
  

Stocks
  
231,280
335,849

Debtors Within One Year
 5 
409,044
633,593

Cash at bank and in hand
  
329,865
264,069

  
970,189
1,233,511

Creditors: amounts falling due within one year
 6 
(810,094)
(984,887)

Net current assets
  
 
 
160,095
 
 
248,624

Total assets less current liabilities
  
272,806
280,152

Provisions for liabilities
  

Deferred tax
  
(7,851)
(4,602)

  
 
 
(7,851)
 
 
(4,602)

Net assets
  
264,955
275,550


Capital and reserves
  

Called up share capital 
 7 
75
75

Profit and loss account
  
264,880
275,475

  
264,955
275,550


Page 1

 
G. DAVIES LIMITED
REGISTERED NUMBER: 06441029

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr G L Davies
Mrs J A Davies
Director
Director


Date: 29 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
G. DAVIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

G. Davies Limited is a private company, limited by shares, incorporated in England with registration number 06441029. The registered office is 78 York Street, London, England, W1H 1DP.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
G. DAVIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
G. DAVIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
Plant and machinery
-
20%
Motor vehicles
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
G. DAVIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).


4.


Tangible fixed assets





Leasehold improve-ments
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
13,825
78,501
-
11,418
103,744


Additions
14,624
9,997
90,563
4,666
119,850



At 31 December 2023

28,449
88,498
90,563
16,084
223,594



Depreciation


At 1 January 2023
1,717
68,997
-
1,502
72,216


Charge for the year on owned assets
4,443
2,992
28,270
2,962
38,667



At 31 December 2023

6,160
71,989
28,270
4,464
110,883



Net book value



At 31 December 2023
22,289
16,509
62,293
11,620
112,711



At 31 December 2022
12,108
9,504
-
9,916
31,528

Page 6

 
G. DAVIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
155,043
295,625

Amounts owed by group undertakings
201,259
-

Other debtors
50,453
333,555

Prepayments and accrued income
2,289
4,413

409,044
633,593


Included within "other debtors" is a loan of £nil (2022 - £159,065) due from the directors.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
276,442
263,052

Other taxation and social security
210,499
73,409

Other creditors
318,053
624,646

Accruals and deferred income
5,100
23,780

810,094
984,887



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



75 (2022 - 75) Ordinary shares of £1.00 each
75
75



8.


Controlling party

During the two years ended 31 December 2023, the controlling party was GD Stones Limited, a company incorporated in England: Registered number: 09637579 . The registered office is 78 York Street, London, W1H 1DP.


Page 7