Company registration number 10906970 (England and Wales)
DAVISONS MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
DAVISONS MANAGEMENT LIMITED
COMPANY INFORMATION
Director
Mr G A Davison
Company number
10906970
Registered office
Sycamore House
Ground Floor
54 Calthorpe Road
Edgbaston
Birmingham
B15 1TH
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
DAVISONS MANAGEMENT LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 5
DAVISONS MANAGEMENT LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF DAVISONS MANAGEMENT LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Davisons Management Limited for the period ended 31 July 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Davisons Management Limited, as a body, in accordance with the terms of our engagement letter dated 25 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Davisons Management Limited and state those matters that we have agreed to state to the board of directors of Davisons Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davisons Management Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Davisons Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Davisons Management Limited. You consider that Davisons Management Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Davisons Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jerroms GCN Limited
7 October 2024
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
DAVISONS MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
- 2 -
31 July 2024
30 September 2023
Notes
£
£
£
£
Current assets
Debtors
3
4,627,372
2,680,878
Cash at bank and in hand
362,968
493,073
4,990,340
3,173,951
Creditors: amounts falling due within one year
4
(1,289,887)
(875,168)
Net current assets
3,700,453
2,298,783
Capital and reserves
Called up share capital
5
1,900
1,900
Profit and loss reserves
3,698,553
2,296,883
Total equity
3,700,453
2,298,783
DAVISONS MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
- 3 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 7 October 2024
Mr G A Davison
Director
Company registration number 10906970 (England and Wales)
DAVISONS MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information
Davisons Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sycamore House, Ground Floor, 54 Calthorpe Road, Edgbaston, Birmingham, B15 1TH.
1.1
Reporting period
The financial statements have been prepared for the 10 month period to 31st July 2024. Following which the entity has entered a members voluntary liquidation.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
DAVISONS MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
3
3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,561,999
1,838,071
Other debtors
2,065,373
842,807
4,627,372
2,680,878
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
549,178
350,003
Other taxation and social security
734,489
522,915
Accruals and deferred income
6,220
2,250
1,289,887
875,168
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
Ordinary 'B' Shares of £1 each
900
900
900
900
1,900
1,900
1,900
1,900