Registered number
03422757
Davis For Building Limited
Unaudited Filleted Accounts
31 August 2024
Davis For Building Limited
Registered number: 03422757
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 1
Tangible assets 4 - 21,359
- 21,360
Current assets
Stocks - 16,294
Debtors 5 65,846 216,355
Cash at bank and in hand 50,046 92,494
115,892 325,143
Creditors: amounts falling due within one year 6 (49,678) (116,864)
Net current assets 66,214 208,279
Total assets less current liabilities 66,214 229,639
Provisions for liabilities - (4,058)
Net assets 66,214 225,581
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 65,214 224,581
Shareholders' funds 66,214 225,581
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr RM Davis
Director
Approved by the board on 13 November 2024
Davis For Building Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 5,000
Disposals (5,000)
At 31 August 2024 -
Amortisation
At 1 September 2023 4,999
On disposals (4,999)
At 31 August 2024 -
Net book value
At 31 August 2024 -
At 31 August 2023 1
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 13,638 50,336 63,974
Disposals (13,638) (50,336) (63,974)
At 31 August 2024 - - -
Depreciation
At 1 September 2023 12,910 29,705 42,615
On disposals (12,910) (29,705) (42,615)
At 31 August 2024 - - -
Net book value
At 31 August 2024 - - -
At 31 August 2023 728 20,631 21,359
5 Debtors 2024 2023
£ £
Trade debtors 65,846 66,355
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 150,000
65,846 216,355
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,397 12,170
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 68,872
Taxation and social security costs 20,196 17,737
Other creditors 18,085 18,085
49,678 116,864
7 Controlling party
The ultimate holding company is Kingsmill Holdings Limited a company incorporated in England.
8 Other information
Davis For Building Limited is a private company limited by shares and incorporated in England. Its registered office is:
218 Malvern Road
Bournemouth
BH9 3BX
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