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REGISTERED NUMBER: 08577309















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Davies Archytas Accountants Limited

Davies Archytas Accountants Limited (Registered number: 08577309)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Davies Archytas Accountants Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D T Davies





REGISTERED OFFICE: 15 Floor Brunel House
2 Fitzalan Road
Cardiff
CF24 0EB





REGISTERED NUMBER: 08577309





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Davies Archytas Accountants Limited (Registered number: 08577309)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 125,500 144,000
Tangible assets 5 23,528 22,730
149,028 166,730

CURRENT ASSETS
Stocks 206,387 172,312
Debtors 218,138 146,233
Cash at bank - 10,731
424,525 329,276
CREDITORS
Amounts falling due within one year 326,955 339,455
NET CURRENT ASSETS/(LIABILITIES) 97,570 (10,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,598

156,551

CREDITORS
Amounts falling due after more than one
year

(114,570

)

(110,727

)

PROVISIONS FOR LIABILITIES (4,470 ) (4,319 )
NET ASSETS 127,558 41,505

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 127,458 41,405
SHAREHOLDERS' FUNDS 127,558 41,505

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

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

Davies Archytas Accountants Limited (Registered number: 08577309)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 January 2025 and were signed by:





D T Davies - Director


Davies Archytas Accountants Limited (Registered number: 08577309)

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

1. STATUTORY INFORMATION

Davies Archytas Accountants Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of business in 2020, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.


Davies Archytas Accountants Limited (Registered number: 08577309)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 185,000
AMORTISATION
At 1 July 2023 41,000
Amortisation for year 18,500
At 30 June 2024 59,500
NET BOOK VALUE

At 30 June 2024 125,500
At 30 June 2023 144,000

Davies Archytas Accountants Limited (Registered number: 08577309)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 39,539
Additions 4,950
At 30 June 2024 44,489
DEPRECIATION
At 1 July 2023 16,809
Charge for year 4,152
At 30 June 2024 20,961
NET BOOK VALUE
At 30 June 2024 23,528
At 30 June 2023 22,730

6. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 48,133 48,133

Amounts falling due between one and two years:
Bank loans - 1-2 years 48,133 48,133

Amounts falling due between two and five years:
Bank loans - 2-5 years 66,437 62,594

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party throughout the year was D Davies by virtue of his 100% holding of the issued share capital of the company.