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REGISTERED NUMBER: 04548038 (England and Wales)















T Teify Davies Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






T Teify Davies Limited (Registered number: 04548038)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T Teify Davies Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G Williams
D Reardon





SECRETARY: D Reardon





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR





REGISTERED NUMBER: 04548038 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

T Teify Davies Limited (Registered number: 04548038)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,450
Tangible assets 5 339,974 359,401
Investments 6 90,500 90,500
430,474 457,351

CURRENT ASSETS
Stocks 11,750 11,750
Debtors 7 109,194 206,844
Cash at bank 8,352 6,750
129,296 225,344
CREDITORS
Amounts falling due within one year 8 183,023 182,958
NET CURRENT (LIABILITIES)/ASSETS (53,727 ) 42,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,747

499,737

CREDITORS
Amounts falling due after more than one year 9 (35,847 ) (65,550 )

PROVISIONS FOR LIABILITIES 11 (2,883 ) (2,455 )
NET ASSETS 338,017 431,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 337,917 431,632
SHAREHOLDERS' FUNDS 338,017 431,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

T Teify Davies Limited (Registered number: 04548038)

Balance Sheet - continued
30 April 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 6 January 2025 and were signed on its behalf by:





G Williams - Director


T Teify Davies Limited (Registered number: 04548038)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

T Teify 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover includes revenue earned from the rendering of funeral services. Turnover from the rendering of funeral 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 the work performed to date to the total estimated contract costs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost (land not depreciated)
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 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.

T Teify Davies Limited (Registered number: 04548038)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors believe that despite the company having net current liabilities that there are sufficient resources, both from ongoing trade and from the support of the directors, for the company to be treated as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 399,000
AMORTISATION
At 1 May 2023 391,550
Charge for year 7,450
At 30 April 2024 399,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 7,450

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 357,998 19,747 354,544 732,289
DEPRECIATION
At 1 May 2023 49,373 17,246 306,269 372,888
Charge for year 6,860 500 12,067 19,427
At 30 April 2024 56,233 17,746 318,336 392,315
NET BOOK VALUE
At 30 April 2024 301,765 2,001 36,208 339,974
At 30 April 2023 308,625 2,501 48,275 359,401

Included in cost of land and buildings is freehold land of £ 15,000 (2023 - £ 15,000 ) which is not depreciated.

T Teify Davies Limited (Registered number: 04548038)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

The net book value of tangible assets includes £29,191 (2023: £38,921) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 90,500
NET BOOK VALUE
At 30 April 2024 90,500
At 30 April 2023 90,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 65,456 111,112
Other debtors 43,738 95,732
109,194 206,844

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 19,051 29,758
Hire purchase contracts 10,391 10,351
Trade creditors 14,382 8,553
Taxation and social security 66,440 62,952
Other creditors 72,759 71,344
183,023 182,958

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 25,721 44,952
Hire purchase contracts 10,126 20,598
35,847 65,550

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft - 11,317
Bank loans 44,772 63,393
Hire purchase contracts 20,517 30,949
65,289 105,659

T Teify Davies Limited (Registered number: 04548038)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 2,883 2,455

Deferred
tax
£   
Balance at 1 May 2023 2,455
Charge to Income Statement during year 428
Balance at 30 April 2024 2,883