IRIS Accounts Production v24.3.2.46 07993761 Board of Directors Board of Directors 31.3.23 29.3.24 29.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079937612023-03-30079937612024-03-29079937612023-03-312024-03-29079937612022-03-30079937612022-03-312023-03-30079937612023-03-3007993761ns15:EnglandWales2023-03-312024-03-2907993761ns14:PoundSterling2023-03-312024-03-2907993761ns10:Director12023-03-312024-03-2907993761ns10:Director22023-03-312024-03-2907993761ns10:PrivateLimitedCompanyLtd2023-03-312024-03-2907993761ns10:SmallEntities2023-03-312024-03-2907993761ns10:AuditExemptWithAccountantsReport2023-03-312024-03-2907993761ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-2907993761ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-2907993761ns10:FullAccounts2023-03-312024-03-290799376112023-03-312024-03-2907993761ns10:OrdinaryShareClass12023-03-312024-03-2907993761ns10:RegisteredOffice2023-03-312024-03-2907993761ns5:CurrentFinancialInstruments2024-03-2907993761ns5:CurrentFinancialInstruments2023-03-3007993761ns5:Non-currentFinancialInstruments2024-03-2907993761ns5:Non-currentFinancialInstruments2023-03-3007993761ns5:ShareCapital2024-03-2907993761ns5:ShareCapital2023-03-3007993761ns5:RetainedEarningsAccumulatedLosses2024-03-2907993761ns5:RetainedEarningsAccumulatedLosses2023-03-300799376112023-03-312024-03-2907993761ns5:NetGoodwill2023-03-312024-03-2907993761ns5:PlantMachinery2023-03-312024-03-2907993761ns5:MotorVehicles2023-03-312024-03-2907993761ns5:ComputerEquipment2023-03-312024-03-2907993761ns5:NetGoodwill2023-03-3007993761ns5:NetGoodwill2024-03-2907993761ns5:NetGoodwill2023-03-3007993761ns5:PlantMachinery2023-03-3007993761ns5:MotorVehicles2023-03-3007993761ns5:ComputerEquipment2023-03-3007993761ns5:PlantMachinery2024-03-2907993761ns5:MotorVehicles2024-03-2907993761ns5:ComputerEquipment2024-03-2907993761ns5:PlantMachinery2023-03-3007993761ns5:MotorVehicles2023-03-3007993761ns5:ComputerEquipment2023-03-3007993761ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2907993761ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3007993761ns5:DeferredTaxation2023-03-3007993761ns5:DeferredTaxation2024-03-2907993761ns10:OrdinaryShareClass12024-03-29
REGISTERED NUMBER: 07993761 (England and Wales)















Unaudited Financial Statements

for the Period 31 March 2023 to 29 March 2024

for

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)






Contents of the Financial Statements
for the period 31 March 2023 to 29 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED

Company Information
for the period 31 March 2023 to 29 March 2024







DIRECTORS: S L Davies
H M Davies





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 07993761 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Davies Property and Shopfitting Services
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Davies Property and Shopfitting Services Limited for the period ended 29 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Davies Property and Shopfitting Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davies Property and Shopfitting Services Limited and state those matters that we have agreed to state to the Board of Directors of Davies Property and Shopfitting Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davies Property and Shopfitting Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Davies Property and Shopfitting Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Davies Property and Shopfitting Services Limited. You consider that Davies Property and Shopfitting Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Davies Property and Shopfitting Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


10 March 2025

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,601 33,693
83,601 33,693

CURRENT ASSETS
Debtors 6 84,401 19,371
Cash at bank 44,558 91,205
128,959 110,576
CREDITORS
Amounts falling due within one year 7 34,043 147,101
NET CURRENT ASSETS/(LIABILITIES) 94,916 (36,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,517

(2,832

)

CREDITORS
Amounts falling due after more than one
year

8

(50,000

)

(50,000

)

PROVISIONS FOR LIABILITIES 9 (15,885 ) (6,207 )
NET ASSETS/(LIABILITIES) 112,632 (59,039 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 112,532 (59,139 )
SHAREHOLDERS' FUNDS 112,632 (59,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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.

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Balance Sheet - continued
29 March 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 10 March 2025 and were signed on its behalf by:




S L Davies - Director



H M Davies - Director


DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Notes to the Financial Statements
for the period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

Davies Property and Shopfitting Services 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.

The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet and the excess of current liabilities over current assets in the belief that, with the support of the company's shareholders and directors, the company is in a position to continue trading.

Critical accounting judgements and key sources of estimation uncertainty
Revenue and directly related costs are recognised according to the stage of completion for each contract. The directors have used their judgement to estimate the stage of completion for each contract at the year end.

No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net invoices sales of services, excluding value added tax. Turnover is recognised when the service is rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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.


DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Notes to the Financial Statements - continued
for the period 31 March 2023 to 29 March 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 period 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.

Hire purchase and leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Work in progress
Work in progress is recognised as per the estimated percentage of completion of a project started but not finished before the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Notes to the Financial Statements - continued
for the period 31 March 2023 to 29 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2023
and 29 March 2024 40,000
AMORTISATION
At 31 March 2023
and 29 March 2024 40,000
NET BOOK VALUE
At 29 March 2024 -
At 30 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 31 March 2023 1,618 52,412 1,248 55,278
Additions 1,689 71,995 3,581 77,265
Disposals - (17,000 ) (1,248 ) (18,248 )
At 29 March 2024 3,307 107,407 3,581 114,295
DEPRECIATION
At 31 March 2023 614 20,118 853 21,585
Charge for period 578 13,024 610 14,212
Eliminated on disposal - (4,250 ) (853 ) (5,103 )
At 29 March 2024 1,192 28,892 610 30,694
NET BOOK VALUE
At 29 March 2024 2,115 78,515 2,971 83,601
At 30 March 2023 1,004 32,294 395 33,693

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract - 19,371
Other debtors 84,401 -
84,401 19,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,140 24,250
Taxation and social security 16,365 22,924
Other creditors 12,538 99,927
34,043 147,101

DAVIES PROPERTY AND SHOPFITTING SERVICES
LIMITED (REGISTERED NUMBER: 07993761)

Notes to the Financial Statements - continued
for the period 31 March 2023 to 29 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 50,000 50,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,885 6,207

Deferred
tax
£   
Balance at 31 March 2023 6,207
Accelerated capital allowances 9,678
Balance at 29 March 2024 15,885

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the directors owed the company £77,813 (2023: £89,233 was owed to the director). During the year, there were advances of £170,864 and repayments of £3,818.