IRIS Accounts Production v24.2.0.383 06632669 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066326692023-03-31066326692024-03-31066326692023-04-012024-03-31066326692022-03-31066326692022-04-012023-03-31066326692023-03-3106632669ns15:EnglandWales2023-04-012024-03-3106632669ns14:PoundSterling2023-04-012024-03-3106632669ns10:Director12023-04-012024-03-3106632669ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106632669ns10:SmallEntities2023-04-012024-03-3106632669ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106632669ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106632669ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106632669ns10:FullAccounts2023-04-012024-03-3106632669ns10:Director22023-04-012024-03-3106632669ns10:Director32023-04-012024-03-3106632669ns10:CompanySecretary12023-04-012024-03-3106632669ns10:RegisteredOffice2023-04-012024-03-3106632669ns5:CurrentFinancialInstruments2024-03-3106632669ns5:CurrentFinancialInstruments2023-03-3106632669ns5:Non-currentFinancialInstruments2024-03-3106632669ns5:Non-currentFinancialInstruments2023-03-3106632669ns5:ShareCapital2024-03-3106632669ns5:ShareCapital2023-03-3106632669ns5:RetainedEarningsAccumulatedLosses2024-03-3106632669ns5:RetainedEarningsAccumulatedLosses2023-03-3106632669ns5:LandBuildings2023-04-012024-03-3106632669ns5:PlantMachinery2023-04-012024-03-3106632669ns5:LandBuildings2023-03-3106632669ns5:PlantMachinery2023-03-3106632669ns5:LandBuildings2024-03-3106632669ns5:PlantMachinery2024-03-3106632669ns5:LandBuildings2023-03-3106632669ns5:PlantMachinery2023-03-3106632669ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106632669ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3106632669ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106632669ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106632669ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106632669ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06632669 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brian Davies Limited

Brian Davies Limited (Registered number: 06632669)






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


Brian Davies Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Davies
Mrs P D Davies
G B Davies





SECRETARY: Mrs P D Davies





REGISTERED OFFICE: Penderyn
Village Road
Maeshafn
Nr Mold
CH7 5LZ





REGISTERED NUMBER: 06632669 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

Brian Davies Limited (Registered number: 06632669)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440,196 366,205

CURRENT ASSETS
Stocks - 100,000
Debtors 5 335,646 237,543
Investments 6 - 4,391
Cash at bank 182,582 222,293
518,228 564,227
CREDITORS
Amounts falling due within one year 7 154,178 209,086
NET CURRENT ASSETS 364,050 355,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

804,246

721,346

CREDITORS
Amounts falling due after more than one
year

8

(16,695

)

(32,496

)

PROVISIONS FOR LIABILITIES (68,635 ) (50,137 )
NET ASSETS 718,916 638,713

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 718,716 638,513
SHAREHOLDERS' FUNDS 718,916 638,713

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.

Brian Davies Limited (Registered number: 06632669)

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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





B Davies - Director


Brian Davies Limited (Registered number: 06632669)

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

1. STATUTORY INFORMATION

Brian Davies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on 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 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.

Brian Davies Limited (Registered number: 06632669)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 165,656 636,726 802,382
Additions - 113,495 113,495
Disposals - (64,613 ) (64,613 )
At 31 March 2024 165,656 685,608 851,264
DEPRECIATION
At 1 April 2023 - 436,177 436,177
Charge for year - 30,880 30,880
Eliminated on disposal - (55,989 ) (55,989 )
At 31 March 2024 - 411,068 411,068
NET BOOK VALUE
At 31 March 2024 165,656 274,540 440,196
At 31 March 2023 165,656 200,549 366,205

Brian Davies Limited (Registered number: 06632669)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 46,756
Transfer to ownership (20,068 )
At 31 March 2024 26,688
DEPRECIATION
At 1 April 2023 25,394
Charge for year 1,501
Transfer to ownership (13,718 )
At 31 March 2024 13,177
NET BOOK VALUE
At 31 March 2024 13,511
At 31 March 2023 21,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 122,036 3,600
Other debtors 213,610 233,943
335,646 237,543

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments - 4,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,140 10,209
Hire purchase contracts 5,662 6,945
Trade creditors 38,534 75,916
Taxation and social security 68,989 86,074
Other creditors 30,853 29,942
154,178 209,086

Brian Davies Limited (Registered number: 06632669)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,808 24,946
Hire purchase contracts 1,887 7,550
16,695 32,496

9. RELATED PARTY DISCLOSURES

B and P Davies are the parents of JA Davies, whilst the third director, G Davies, is his brother. Stenhouse Developments Limited is a company owned by JA Davies and G Davies whilst JA Davies is also a shareholder and sole director of Meribel Lodges Limited.. In addition G Davies is also a director and shareholder of Switch Developments, a company registered in France.

During the year, sales to related parties totalled £18,817 (2023 - £19,170) and payments to them totalled £19,047 (2023 - £453).

At the end of the year, £185,000 (2023 - £185,000) was due from related parties and is included in other debtors.