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REGISTERED NUMBER: 03860238 (England and Wales)





DAVENPORT BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVENPORT BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr O Davenport
Mr S Davenport
Mrs S Davenport
Mrs M Tucknutt



SECRETARY: Mr S Davenport



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 03860238 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Barclays Bank Plc
23 Market Place
Mansfield
Nottinghamshire
NG18 1HT

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,388 7,864
Tangible assets 6 382,809 389,016
389,197 396,880

CURRENT ASSETS
Stocks 7 5,882 5,548
Debtors 8 172,841 314,456
Cash at bank and in hand 221,217 138,889
399,940 458,893
CREDITORS
Amounts falling due within one year 9 262,528 338,151
NET CURRENT ASSETS 137,412 120,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,609

517,622

CREDITORS
Amounts falling due after more than one
year

10

(216,407

)

(221,620

)

PROVISIONS FOR LIABILITIES (16,379 ) (14,525 )
NET ASSETS 293,823 281,477

CAPITAL AND RESERVES
Called up share capital 13 1,101 1,101
Retained earnings 292,722 280,376
293,823 281,477

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

BALANCE SHEET - continued
30 JUNE 2024


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 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.

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 February 2025 and were signed on its behalf by:




Mr O Davenport - Director



Mr S Davenport - Director


DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Davenport Brothers 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of motor body repairs and commercial body building services supplied to customers during the year. In respect of motor body repairs and commercial body building services supplied to customers, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over 20 years over its estimated useful life.

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.
Freehold property - 5% straight line
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33.33% on reducing balance

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued

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.

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.

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INTANGIBLE FIXED ASSETS
IP &
Branding
£   
COST
At 1 July 2023
and 30 June 2024 29,510
AMORTISATION
At 1 July 2023 21,646
Amortisation for year 1,476
At 30 June 2024 23,122
NET BOOK VALUE
At 30 June 2024 6,388
At 30 June 2023 7,864

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 351,582 272,772 51,128 55,126 730,608
Additions - 17,666 - 8,294 25,960
Disposals - (148,727 ) (33,684 ) (28,359 ) (210,770 )
At 30 June 2024 351,582 141,711 17,444 35,061 545,798
DEPRECIATION
At 1 July 2023 32,290 218,119 42,640 48,543 341,592
Charge for year 5,031 10,776 1,323 1,593 18,723
Eliminated on disposal - (139,917 ) (30,853 ) (26,556 ) (197,326 )
At 30 June 2024 37,321 88,978 13,110 23,580 162,989
NET BOOK VALUE
At 30 June 2024 314,261 52,733 4,334 11,481 382,809
At 30 June 2023 319,292 54,653 8,488 6,583 389,016

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. STOCKS
2024 2023
£    £   
Stocks 5,882 5,548

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,056 218,093
Amounts recoverable on contract 35,495 87,545
Factoring debtor - 8,161
Directors' current accounts 1,900 -
Prepayments and accrued income 390 657
172,841 314,456

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,918 11,632
Trade creditors 120,344 168,516
Corporation tax 34,278 49,229
Social security and other taxes 14,965 2,713
VAT 20,179 28,586
Other creditors 1,163 1,157
Directors' current accounts 6,632 6,796
Accruals and deferred income 54,049 69,522
262,528 338,151

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 216,407 221,620

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 51,205 23,253
Between one and five years 55,462 28,550
106,667 51,803

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 227,325 233,252

The bank loan is secured against the assets of the company.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal Value: 2024 2023
£ £
1,000 Ordinary £1 1,000 1,000
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
1 Ordinary C £1 1 1
1,101 1,101

DAVENPORT BROTHERS LIMITED (REGISTERED NUMBER: 03860238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr S Davenport
Balance outstanding at start of year - -
Amounts advanced 1,827 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,827 -