Company Registration No. 09027080 (England and Wales)
F. Davies & Son Ltd
Unaudited accounts
for the year ended 31 May 2024
F. Davies & Son Ltd
Unaudited accounts
Contents
F. Davies & Son Ltd
Company Information
for the year ended 31 May 2024
Company Number
09027080 (England and Wales)
Registered Office
11 East Avenue
Bollington
Macclesfield
Cheshire
SK10 5DY
Accountants
Batesons Management Services Ltd
2 Statham Court
Statham Street
Macclesfield
Cheshire
SK11 6XN
F. Davies & Son Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
8,601
7,027
Cash at bank and in hand
3,166
2,581
Creditors: amounts falling due within one year
(12,379)
(16,278)
Net current liabilities
(4,295)
(7,088)
Total assets less current liabilities
4,306
(61)
Provisions for liabilities
Net assets/(liabilities)
2,965
(845)
Called up share capital
100
100
Profit and loss account
2,865
(945)
Shareholders' funds
2,965
(845)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Allan Davies
Director
Company Registration No. 09027080
F. Davies & Son Ltd
Notes to the Accounts
for the year ended 31 May 2024
F. Davies & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 09027080. The registered office is 11 East Avenue, Bollington, Macclesfield, Cheshire, SK10 5DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
F. Davies & Son Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
396
393
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,395
3,255
Taxes and social security
1,588
706
Loans from directors
7,523
11,450
7
Deferred taxation
2024
2023
Accelerated capital allowances
1,341
1,335
Tax losses carried forward
-
(551)
Provision at start of year
784
1,224
Charged/(credited) to the profit and loss account
557
(440)
Provision at end of year
1,341
784
F. Davies & Son Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).