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REGISTERED NUMBER: 06378519 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DAVIS, FRENCH & ASSOCIATES LTD

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVIS, FRENCH & ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Dr G J French
N J Davis
Mrs S A Davis
D R Brooks





REGISTERED OFFICE: Old Hall
21 Kiveton Lane
Todwick
Sheffield
South Yorkshire
S26 1HJ





REGISTERED NUMBER: 06378519 (England and Wales)





ACCOUNTANTS: Thorpes Limited
Chartered Accountants
Rocklands
Grove Road
Rotherham
South Yorkshire
S60 2ER

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,590 274,408

CURRENT ASSETS
Debtors 5 984,435 1,408,797
Cash at bank 2,022,312 1,611,185
3,006,747 3,019,982
CREDITORS
Amounts falling due within one year 6 611,258 880,671
NET CURRENT ASSETS 2,395,489 2,139,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,688,079

2,413,719

PROVISIONS FOR LIABILITIES 73,148 68,602
NET ASSETS 2,614,931 2,345,117

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,614,731 2,344,917
SHAREHOLDERS' FUNDS 2,614,931 2,345,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 April 2025 and were signed on its behalf by:





Dr G J French - Director


DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Davis, French & Associates 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 recognised net of VAT, when the company obtains the right to consideration on services supplied during the year.

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 - 33% on cost, 25% on reducing balance and 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 997,959
Additions 138,356
At 31 December 2024 1,136,315
DEPRECIATION
At 1 January 2024 723,551
Charge for year 120,174
At 31 December 2024 843,725
NET BOOK VALUE
At 31 December 2024 292,590
At 31 December 2023 274,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 976,082 1,400,291
Other debtors 8,353 8,506
984,435 1,408,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,117 43,237
Taxation and social security 361,296 495,909
Other creditors 218,845 341,525
611,258 880,671

7. CONTROLLING PARTY

The controlling party is Dr G J French.