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REGISTERED NUMBER: 07960941 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A R DAVEY LIMITED

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

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


A R DAVEY LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S C Davey





REGISTERED OFFICE: 1a Parliament Square
Parliament Street Crediton
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 07960941 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 83,156 36,493
83,156 36,493

CURRENT ASSETS
Stocks 33,352 35,744
Debtors 7 42,288 44,492
Cash at bank 274,731 242,602
350,371 322,838
CREDITORS
Amounts falling due within one year 8 (101,983 ) (102,237 )
NET CURRENT ASSETS 248,388 220,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,544

257,094

PROVISIONS FOR LIABILITIES (20,294 ) (6,323 )
NET ASSETS 311,250 250,771

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 310,950 250,471
SHAREHOLDERS' FUNDS 311,250 250,771

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Balance Sheet - continued
31 MARCH 2024


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.

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 2 October 2024 and were signed by:





Mr S C Davey - Director


A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

A R Davey 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.

A R Davey 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the provision of services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 - 15% -33% on reducing balance
Fixtures and fittings - 15% -33% on reducing balance
Motor vehicles - 25% on reducing balance

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the net of cost and net realisable value.

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 7,456 678 84,916 93,050
Additions 1,336 525 61,178 63,039
Disposals - - (9,758 ) (9,758 )
At 31 March 2024 8,792 1,203 136,336 146,331
DEPRECIATION
At 1 April 2023 5,644 461 50,452 56,557
Charge for year 372 72 15,303 15,747
Eliminated on disposal - - (9,129 ) (9,129 )
At 31 March 2024 6,016 533 56,626 63,175
NET BOOK VALUE
At 31 March 2024 2,776 670 79,710 83,156
At 31 March 2023 1,812 217 34,464 36,493

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,267 36,727
Prepayments 9,021 7,765
42,288 44,492

A R DAVEY LIMITED (REGISTERED NUMBER: 07960941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,682 9,861
Tax 29,331 35,404
Social security and other taxes 7,065 6,733
VAT 18,213 19,839
Other creditors 1,429 1,430
Directors' current accounts 25,389 25,389
Accrued expenses 3,874 3,581
101,983 102,237