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REGISTERED NUMBER: 12189485 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 MARCH 2024

FOR

DAVIES VENTURES LIMITED

DAVIES VENTURES LIMITED (REGISTERED NUMBER: 12189485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVIES VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 1 MARCH 2024







DIRECTOR: Mr B Davies





REGISTERED OFFICE: 14 Barnard Road
Battersea
Wandsworth
London
SW11 1QS





REGISTERED NUMBER: 12189485 (England and Wales)





ACCOUNTANTS: Accurate Business Consulting Limited
International House
36-38 Cornhill
London
EC3V 3NG

DAVIES VENTURES LIMITED (REGISTERED NUMBER: 12189485)

BALANCE SHEET
1 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 213

CURRENT ASSETS
Debtors 5 49,133 64,044
Cash at bank 1,337 405
50,470 64,449
CREDITORS
Amounts falling due within one year 6 8,961 6,678
NET CURRENT ASSETS 41,509 57,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,509

57,984

CREDITORS
Amounts falling due after more than one
year

7

40,792

43,347
NET ASSETS 717 14,637

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 617 14,537
717 14,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 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 26 November 2024 and were signed by:





Mr B Davies - Director


DAVIES VENTURES LIMITED (REGISTERED NUMBER: 12189485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024

1. STATUTORY INFORMATION

Davies Ventures 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
Turnover 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 2 March 2023
and 1 March 2024 625
DEPRECIATION
At 2 March 2023 412
Charge for year 213
At 1 March 2024 625
NET BOOK VALUE
At 1 March 2024 -
At 1 March 2023 213

DAVIES VENTURES LIMITED (REGISTERED NUMBER: 12189485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,019 -
Other debtors 31,114 64,044
49,133 64,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,524 4,798
Taxation and social security 1,557 -
Other creditors 1,880 1,880
8,961 6,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 40,792 43,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,580 18,875

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 1 March 2024 and 1 March 2023:

2024 2023
£    £   
Mr B Davies
Balance outstanding at start of year 62,081 72,179
Amounts advanced 42,430 67,333
Amounts repaid (73,915 ) (77,431 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,596 62,081