Company registration number 15344905 (England and Wales)
DAVIES AGRI (WALES) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DAVIES AGRI (WALES) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
DAVIES AGRI (WALES) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
753,864
Current assets
Debtors
4
202
Cash at bank and in hand
233,766
233,968
Creditors: amounts falling due within one year
Loans and overdrafts
272,714
Other creditors
717,903
990,617
Net current liabilities
(756,649)
Net liabilities
(2,785)
Capital and reserves
Called up share capital
102
Profit and loss reserves
(2,887)
Total equity
(2,785)
The notes on pages 3 to 4 form part of these financial statements.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
DAVIES AGRI (WALES) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 March 2025 and are signed on its behalf by:
Mr D M Davies
Director
Company registration number 15344905 (England and Wales)
DAVIES AGRI (WALES) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Davies Agri (Wales) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ty Coch, Maesquarre Road, Ammanford, Carmarthenshire, Wales, SA18 2HQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
None
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
Number
Total
DAVIES AGRI (WALES) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 12 December 2023
Additions
753,864
At 31 December 2024
753,864
Depreciation and impairment
At 12 December 2023 and 31 December 2024
Carrying amount
At 31 December 2024
753,864
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
202