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REGISTERED NUMBER: 02472797 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

DJ Davies Fuels Limited

DJ Davies Fuels Limited (Registered number: 02472797)






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


DJ Davies Fuels Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A T J Davies
I D Davies
J H Davies



SECRETARY: Miss S L Davies



REGISTERED OFFICE: Blaenau Fuel Depot,
Pantyblodau Road,
Saron,
Ammanford
Carmarthenshire
SA18 3BX



REGISTERED NUMBER: 02472797 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Dylan Jones



AUDITORS: Cambrian & Co Ltd
Chartered Accountants & Statutory Auditors
13a Victoria Gardens
Neath
West Glamorgan
SA11 3AY

DJ Davies Fuels Limited (Registered number: 02472797)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,884,327 1,750,632
Investments 5 30,700 30,700
Investment property 6 1,510,792 1,580,792
3,425,819 3,362,124

CURRENT ASSETS
Stocks 1,675,125 1,409,258
Debtors 7 966,951 1,919,012
Cash at bank and in hand 407,642 320,648
3,049,718 3,648,918
CREDITORS
Amounts falling due within one year 8 1,675,694 2,358,081
NET CURRENT ASSETS 1,374,024 1,290,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,799,843

4,652,961

CREDITORS
Amounts falling due after more than one
year

9

(453,487

)

(576,540

)

PROVISIONS FOR LIABILITIES (428,512 ) (407,144 )
NET ASSETS 3,917,844 3,669,277

CAPITAL AND RESERVES
Called up share capital 12 50,000 50,000
Retained earnings 3,867,844 3,619,277
SHAREHOLDERS' FUNDS 3,917,844 3,669,277

DJ Davies Fuels Limited (Registered number: 02472797)

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 18 December 2024 and were signed on its behalf by:





A T J Davies - Director


DJ Davies Fuels Limited (Registered number: 02472797)

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

1. STATUTORY INFORMATION

DJ Davies Fuels 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant
judgements and estimates. The items in the financial statements where these judgments
and estimates have been made include:
- Valuation of Investment Property.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


DJ Davies Fuels Limited (Registered number: 02472797)

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

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 43 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 440,241 3,988,256 4,428,497
Additions - 425,801 425,801
Disposals - (104,700 ) (104,700 )
At 30 April 2024 440,241 4,309,357 4,749,598
DEPRECIATION
At 1 May 2023 203,288 2,474,577 2,677,865
Charge for year 17,580 244,457 262,037
Eliminated on disposal - (74,631 ) (74,631 )
At 30 April 2024 220,868 2,644,403 2,865,271
NET BOOK VALUE
At 30 April 2024 219,373 1,664,954 1,884,327
At 30 April 2023 236,953 1,513,679 1,750,632

DJ Davies Fuels Limited (Registered number: 02472797)

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

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 30,700
NET BOOK VALUE
At 30 April 2024 30,700
At 30 April 2023 30,700

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,580,792
Disposals (70,000 )
At 30 April 2024 1,510,792
NET BOOK VALUE
At 30 April 2024 1,510,792
At 30 April 2023 1,580,792

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2015 1,373,000
Valuation in 2016 (201,109 )
Valuation in 2017 6,563
Valuation in 2018 (200,000 )
Valuation in 2021 218,488
Valuation in 2022 231,054
Valuation in 2023 152,796
Valuation in 2024 (70,000 )
1,510,792

The valuation was performed by Mr A Davies a director of DJ Davies (Fuels) Limited as at 30/04/24.

DJ Davies Fuels Limited (Registered number: 02472797)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 683,177 1,609,846
Other debtors 38,673 42,467
Amounts due from associate (700 ) 92,245
VAT 86,008 73,119
Prepayments and accrued income 159,793 101,335
966,951 1,919,012

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 140,911 170,106
Trade creditors 1,285,672 1,958,309
Tax 102,413 84,550
Social security and other taxes 34,061 39,271
Related party loans 39,863 37,300
Directors' current accounts 5,300 -
Accruals and deferred income 1,180 21,154
Accrued expenses 66,294 47,391
1,675,694 2,358,081

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 155,193 236,078
Hire purchase contracts 191,626 194,692
Directors loans 106,668 145,770
453,487 576,540

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 155,193 236,078

DJ Davies Fuels Limited (Registered number: 02472797)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 155,193 236,078
Hire purchase contracts 332,537 364,798
487,730 600,876

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50,000 Ordinary £1 50,000 50,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dylan Jones (Senior Statutory Auditor)
for and on behalf of Cambrian & Co Ltd

14. RELATED PARTY DISCLOSURES

The directors operate current accounts with the company. The balances due to the directors at the balance sheet date are shown in the creditors note.

Included in related party loans are amounts due to minority shareholders, Miss SL Davies and Mr C Davies.
Other debtors include £92,245 (2022 £172,250) due from Filtercite Ltd, a related company.

15. POST BALANCE SHEET EVENTS

There were no significant post balance sheet events.

16. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate controlling party to be the Davies family.