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REGISTERED NUMBER: 00868698 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

W.G. Davies (Tobacconist Cowbridge)
Limited

W.G. Davies (Tobacconist Cowbridge)
Limited (Registered number: 00868698)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


W.G. Davies (Tobacconist Cowbridge)
Limited

Company Information
for the Year Ended 29 February 2024







Directors: T G Davies
Mrs C A Davies





Secretary: Mrs C Davies





Registered office: 38 High Street
Cowbridge
South Glamorgan
CF71 7AG





Registered number: 00868698 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

W.G. Davies (Tobacconist Cowbridge)
Limited (Registered number: 00868698)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 855 1,027

Current assets
Inventories 5 17,500 17,500
Debtors 6 34,191 7,025
Cash at bank and in hand 254,823 241,312
306,514 265,837
Creditors
Amounts falling due within one year 7 80,092 74,667
Net current assets 226,422 191,170
Total assets less current liabilities 227,277 192,197

Capital and reserves
Called up share capital 8 3,000 3,000
Retained earnings 224,277 189,197
Shareholders' funds 227,277 192,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 21 November 2024 and were signed on its behalf by:





T G Davies - Director


W.G. Davies (Tobacconist Cowbridge)
Limited (Registered number: 00868698)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

W.G. Davies (Tobacconist Cowbridge) 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

W.G. Davies (Tobacconist Cowbridge)
Limited (Registered number: 00868698)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. Property, plant and equipment
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2023
and 29 February 2024 23,896 5,141 29,037
Depreciation
At 1 March 2023 23,038 4,972 28,010
Charge for year 129 43 172
At 29 February 2024 23,167 5,015 28,182
Net book value
At 29 February 2024 729 126 855
At 28 February 2023 858 169 1,027

5. Inventories
29.2.24 28.2.23
£    £   
Stocks 17,500 17,500

6. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 27,977 811
Other debtors 6,214 6,214
34,191 7,025

7. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade creditors 4,798 5,659
Tax 11,853 5,211
Social security and other taxes - 217
VAT 3,330 6,710
Directors' current accounts 57,331 54,359
Accrued expenses 2,780 2,511
80,092 74,667

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
3,000 Ordinary £1 3,000 3,000

W.G. Davies (Tobacconist Cowbridge)
Limited (Registered number: 00868698)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. Directors' advances, credits and guarantees

Also included in debtors is an amount of £6,214 due to the daughter the directors.

10. Ultimate controlling party

The ultimate controlling party is T G Davies.