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Registration number: 01032289

E. & S.b Davis Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

image-name
 

E. & S.b Davis Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Statement of Comprehensive Income

4

Statement of Financial Position

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

Detailed Statement of Comprehensive Income

10

 

E. & S.b Davis Limited

Company Information

Director

CE Davis

Registered office

83 High Street
West Wickham
Kent
BR4 0LS

Accountants

Sherwoods
Chartered Accountants83 High Street
West Wickham
Kent
BR4 0LS

 

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:

CE Davis

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 director on 9 April 2025
 


CE Davis
Director

 

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.

......................................

Sherwoods
Chartered Accountants
83 High Street
West Wickham
Kent
BR4 0LS

9 April 2025

 

E. & S.b Davis Limited

Statement of Comprehensive Income for the Year Ended 30 April 2024

Note

2024
£

2023
£

Turnover

 

3,015

3,014

Gross profit

 

3,015

3,014

Administrative expenses

 

(1,800)

(3,406)

Other operating income

 

145

-

Operating profit/(loss)

 

1,360

(392)

Profit/(loss) before tax

1,360

(392)

Tax on profit/(loss)

 

(258)

(63)

Profit/(loss) for the financial year

 

1,102

(455)

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
£

Current assets

 

Debtors

4

14,513

14,033

Cash at bank and in hand

 

1,808

1,798

 

16,321

15,831

Creditors: Amounts falling due within one year

5

(10,668)

(11,280)

Total assets less current liabilities

 

5,653

4,551

Creditors: Amounts falling due after more than one year

5

(2,887)

(2,887)

Net assets

 

2,766

1,664

Capital and reserves

 

Called up share capital

8

8

Profit and loss account

2,758

1,656

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 9 April 2025
 


CE Davis
Director

 

E. & S.b Davis Limited

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 May 2023

8

1,656

1,664

Profit for the year

-

1,102

1,102

At 30 April 2024

8

2,758

2,766

Share capital
£

Profit and loss account
£

Total
£

At 1 May 2022

8

2,111

2,119

Loss for the year

-

(455)

(455)

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

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
83 High Street
West Wickham
Kent
BR4 0LS
England

Principal activity

The principal activity of the company is Trade of motor vehicles parts and accessories

2

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
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

E. & S.b Davis Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

14,513

14,033

 

14,513

14,033

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

(2)

(2)

Taxation and social security

4,388

4,049

Accruals and deferred income

3,150

4,100

Other creditors

3,132

3,133

10,668

11,280

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

2,887

2,887

6

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
£

Turnover

Sale of goods, UK

3,000

3,000

Interest received

15

14

3,015

3,014

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

Sundry receipts

145

-

Operating profit/(loss)

1,360

(392)

Profit/(loss) before tax

1,360

(392)