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REGISTERED NUMBER: 08521612 (England and Wales)















H B DAVENPORT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H B DAVENPORT LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: Mrs E Davenport
E B Davenport





SECRETARY:





REGISTERED OFFICE: Hafod y Morfa
Llanelltyd
Dolgellau
Gwynedd
LL40 2TB





REGISTERED NUMBER: 08521612 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 105,000
Tangible assets 5 182,117 144,972
287,117 249,972

CURRENT ASSETS
Stocks 22,800 12,800
Debtors 6 126,605 136,980
Cash at bank 29,422 57,067
178,827 206,847
CREDITORS
Amounts falling due within one year 7 121,910 112,369
NET CURRENT ASSETS 56,917 94,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,034

344,450

CREDITORS
Amounts falling due after more than one
year

8

(40,578

)

(22,775

)

PROVISIONS FOR LIABILITIES (33,026 ) (27,358 )
NET ASSETS 270,430 294,317

CAPITAL AND RESERVES
Called up share capital 21 21
Retained earnings 270,409 294,296
SHAREHOLDERS' FUNDS 270,430 294,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

BALANCE SHEET - continued
31 MAY 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 5 January 2025 and were signed on its behalf by:




Mrs E Davenport - Director



E B Davenport - Director


H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024


1. STATUTORY INFORMATION

H B Davenport Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 20% on reducing balance and 10% 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.

H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 105,000
NET BOOK VALUE
At 31 May 2024 105,000
At 31 May 2023 105,000

5. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 98,014 9,879 181,719 3,718 293,330
Additions 64,976 - - - 64,976
At 31 May 2024 162,990 9,879 181,719 3,718 358,306
DEPRECIATION
At 1 June 2023 25,257 6,027 114,335 2,739 148,358
Charge for year 13,773 385 13,477 196 27,831
At 31 May 2024 39,030 6,412 127,812 2,935 176,189
NET BOOK VALUE
At 31 May 2024 123,960 3,467 53,907 783 182,117
At 31 May 2023 72,757 3,852 67,384 979 144,972

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,366 117,735
Other debtors 3,239 19,245
126,605 136,980

H B DAVENPORT LTD (REGISTERED NUMBER: 08521612)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,119 64,167
Trade creditors 17,497 12,674
Taxation and social security 22,393 18,369
Other creditors 38,901 17,159
121,910 112,369

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 40,578 22,775

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 22,775