Registration number:
E. & S.b Davis Limited
for the Year Ended 30 April 2024
E. & S.b Davis Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Statement of Comprehensive Income |
E. & S.b Davis Limited
Company Information
Director |
CE Davis |
Registered office |
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Accountants |
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E. & S.b Davis Limited
Director's Report for the Year Ended 30 April 2024
The director presents his report and the financial statements for the year ended 30 April 2024.
Director of the company
The director who held office during the year was as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered
Accountants' Report to the
Director
on the Preparation of the Unaudited Statutory Accounts of
E. & S.b Davis Limited
for the
Year
Ended
30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of E. & S.b Davis Limited for the year ended 30 April 2024 as set out on pages 4 to 9 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of E. & S.b Davis Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of E. & S.b Davis Limited and state those matters that we have agreed to state to the Board of Directors of E. & S.b Davis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E. & S.b Davis Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that E. & S.b Davis Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of E. & S.b Davis Limited. You consider that E. & S.b Davis Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of E. & S.b Davis 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 accounts.
......................................
Chartered Accountants
West Wickham
Kent
BR4 0LS
E. & S.b Davis Limited
Statement of Comprehensive Income for the Year Ended 30 April 2024
Note |
2024 |
2023 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
|
- |
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Operating profit/(loss) |
1,360 |
(392) |
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Profit/(loss) before tax |
|
( |
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Tax on profit/(loss) |
( |
( |
|
Profit/(loss) for the financial year |
|
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
E. & S.b Davis Limited
(Registration number: 01032289)
Statement of Financial Position as at 30 April 2024
Note |
2024 |
2023 |
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Current assets |
|||
Debtors |
|
|
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
8 |
8 |
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Profit and loss account |
2,758 |
1,656 |
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Shareholders' funds |
2,766 |
1,664 |
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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E. & S.b Davis Limited
Statement of Changes in Equity for the Year Ended 30 April 2024
Share capital |
Profit and loss account |
Total |
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At 1 May 2023 |
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Profit for the year |
- |
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At 30 April 2024 |
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Share capital |
Profit and loss account |
Total |
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At 1 May 2022 |
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Loss for the year |
- |
( |
( |
At 30 April 2023 |
8 |
1,656 |
1,664 |
E. & S.b Davis Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in UK.
The address of its registered office is:
England
Principal activity
The principal activity of the company is Trade of motor vehicles parts and accessories
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
E. & S.b Davis Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)
2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
E. & S.b Davis Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)
Debtors |
Note |
2024 |
2023 |
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Amounts owed by related parties |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
( |
( |
Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
2024 |
2023 |
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Due after one year |
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Other non-current financial liabilities |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
E. & S.b Davis Limited
Detailed Statement of Comprehensive Income for the Year Ended 30 April 2024
2024 |
2023 |
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Turnover |
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Sale of goods, UK |
3,000 |
3,000 |
Interest received |
15 |
14 |
3,015 |
3,014 |
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Gross profit (%) |
100% |
100% |
Administrative expenses |
||
Rent and rates |
- |
1,108 |
Sundry expenses |
- |
(1) |
Accountancy fees |
1,650 |
1,400 |
Fines and penalties |
- |
750 |
Bank charges |
150 |
149 |
1,800 |
3,406 |
|
Other operating income |
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Sundry receipts |
145 |
- |
Operating profit/(loss) |
1,360 |
(392) |
Profit/(loss) before tax |
1,360 |
(392) |