IRIS Accounts Production v24.3.0.553 05682955 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056829552023-01-31056829552024-01-31056829552023-02-012024-01-31056829552022-01-31056829552022-02-012023-01-31056829552023-01-3105682955ns15:EnglandWales2023-02-012024-01-3105682955ns14:PoundSterling2023-02-012024-01-3105682955ns10:Director12023-02-012024-01-3105682955ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105682955ns10:SmallEntities2023-02-012024-01-3105682955ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105682955ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105682955ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105682955ns10:FullAccounts2023-02-012024-01-3105682955ns10:Director22023-02-012024-01-3105682955ns10:Director32023-02-012024-01-3105682955ns10:Director42023-02-012024-01-3105682955ns10:CompanySecretary12023-02-012024-01-3105682955ns10:RegisteredOffice2023-02-012024-01-3105682955ns5:CurrentFinancialInstruments2024-01-3105682955ns5:CurrentFinancialInstruments2023-01-3105682955ns5:ShareCapital2024-01-3105682955ns5:ShareCapital2023-01-3105682955ns5:RetainedEarningsAccumulatedLosses2024-01-3105682955ns5:RetainedEarningsAccumulatedLosses2023-01-3105682955ns5:PlantMachinery2023-02-012024-01-3105682955ns5:PlantMachinery2023-01-3105682955ns5:MotorVehicles2023-01-3105682955ns5:ComputerEquipment2023-01-3105682955ns5:MotorVehicles2023-02-012024-01-3105682955ns5:ComputerEquipment2023-02-012024-01-3105682955ns5:PlantMachinery2024-01-3105682955ns5:MotorVehicles2024-01-3105682955ns5:ComputerEquipment2024-01-3105682955ns5:PlantMachinery2023-01-3105682955ns5:MotorVehicles2023-01-3105682955ns5:ComputerEquipment2023-01-3105682955ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105682955ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 05682955 (England and Wales)















DL & RED DAVIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






DL & RED DAVIES LIMITED (REGISTERED NUMBER: 05682955)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DL & RED DAVIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: Mr D L Davies
Mrs R E D Davies
Mr J D Davies
Mr W D Davies





SECRETARY: Mr D L Davies





REGISTERED OFFICE: Llysgwyddon
Cardigan Road
Newcastle Emlyn
Carmarthenshire
SA38 9RA





REGISTERED NUMBER: 05682955 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

DL & RED DAVIES LIMITED (REGISTERED NUMBER: 05682955)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,476 19,396

CURRENT ASSETS
Stocks 886,565 772,940
Debtors 5 2,975 2,807
Cash at bank and in hand 3,110 6,003
892,650 781,750
CREDITORS
Amounts falling due within one year 6 862,502 768,664
NET CURRENT ASSETS 30,148 13,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,624

32,482

PROVISIONS FOR LIABILITIES - 3,649
NET ASSETS 46,624 28,833

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,524 28,733
SHAREHOLDERS' FUNDS 46,624 28,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

DL & RED DAVIES LIMITED (REGISTERED NUMBER: 05682955)

BALANCE SHEET - continued
31 JANUARY 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 18 November 2024 and were signed on its behalf by:





Mr D L Davies - Director


DL & RED DAVIES LIMITED (REGISTERED NUMBER: 05682955)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

DL & RED 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.

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 etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

DL & RED DAVIES LIMITED (REGISTERED NUMBER: 05682955)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 31,143 7,500 457 39,100
DEPRECIATION
At 1 February 2023 11,856 7,444 404 19,704
Charge for year 2,893 14 13 2,920
At 31 January 2024 14,749 7,458 417 22,624
NET BOOK VALUE
At 31 January 2024 16,394 42 40 16,476
At 31 January 2023 19,287 56 53 19,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,975 2,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,712 7,430
Taxation and social security 3,994 -
Other creditors 852,796 761,234
862,502 768,664

7. RELATED PARTY DISCLOSURES

According to the Directors there were no material related party transactions during the year.

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by Mr D L Davies and Mrs R E D Davies, Directors and shareholders of the Company.