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REGISTERED NUMBER: 03401911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIS CONSTRUCTION (SOUTH EAST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: T B Davis





REGISTERED OFFICE: First Floor
73 Broadway
Leigh-on-Sea
Essex
SS9 1PW





REGISTERED NUMBER: 03401911 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 204,758 191,772
204,758 191,772

CURRENT ASSETS
Debtors 6 1,698,450 1,584,501
Cash at bank and in hand 1,994,258 775,172
3,692,708 2,359,673
CREDITORS
Amounts falling due within one year 7 2,114,151 853,096
NET CURRENT ASSETS 1,578,557 1,506,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,315

1,698,349

CREDITORS
Amounts falling due after more than one year 8 (164,737 ) (256,235 )

PROVISIONS FOR LIABILITIES (33,197 ) (33,679 )
NET ASSETS 1,585,381 1,408,435

CAPITAL AND RESERVES
Called up share capital 10 203 203
Revaluation reserve 11 37,220 37,220
Retained earnings 1,547,958 1,371,012
SHAREHOLDERS' FUNDS 1,585,381 1,408,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

BALANCE SHEET - continued
31 DECEMBER 2023


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 10 February 2025 and were signed by:





T B Davis - Director


DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Davis Construction (South East) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance

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.

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 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.

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 16,500
AMORTISATION
At 1 January 2023
and 31 December 2023 16,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 107,879 147,275 143,362 398,516
Additions 1,711 13,843 20,650 36,204
Disposals - (520 ) - (520 )
At 31 December 2023 109,590 160,598 164,012 434,200
DEPRECIATION
At 1 January 2023 42,096 84,286 80,362 206,744
Charge for year 6,749 7,636 8,365 22,750
Eliminated on disposal - (52 ) - (52 )
At 31 December 2023 48,845 91,870 88,727 229,442
NET BOOK VALUE
At 31 December 2023 60,745 68,728 75,285 204,758
At 31 December 2022 65,783 62,989 63,000 191,772

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Valuation in 2021 - - 36,476 36,476
Cost 109,590 160,598 127,536 397,724
109,590 160,598 164,012 434,200

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

If motor vehicles had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 127,536 106,886
Aggregate depreciation 81,797 76,714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 218,278 407,163
Amounts recoverable on contract 474,502 660,307
Other debtors 1,005,670 517,031
1,698,450 1,584,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 13,603 23,608
Trade creditors 820,779 206,536
Taxation and social security 291,320 230,955
Other creditors 888,449 291,997
2,114,151 853,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 150,000 250,000
Hire purchase contracts 14,737 6,235
164,737 256,235

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 28,340 29,843

The hire purchase is secured on the assets financed.

The loan is secured by the directors personal guarantee.

DAVIS CONSTRUCTION (SOUTH EAST) LIMITED (REGISTERED NUMBER: 03401911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
2 Ordinary B £1 2 2
100 Ordinary C £1 100 100
1 Ordinary D £1 1 1
203 203

11. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 37,220

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £35,417. This amount consists of operating lease commitments for the office rent payable over the next 2 years.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
T B Davis
Balance outstanding at start of year 319,460 65,115
Amounts advanced 798,880 319,460
Amounts repaid (244,000 ) (65,115 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 874,340 319,460

The loan was repaid in full by TBD Holdings Ltd on 6 April 2024.