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REGISTERED NUMBER: 05334921 (England and Wales)















DAVIES FINANCIAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






DAVIES FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIES FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: J M Davies
J E Bargery





REGISTERED OFFICE: 5 Oldfield Road
Bocam Park
Pencoed
Bridgend
CF35 5LJ





REGISTERED NUMBER: 05334921 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

DAVIES FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 52,025 5,031

CURRENT ASSETS
Debtors 5 7,526 -
Cash at bank 125,136 62,602
132,662 62,602
CREDITORS
Amounts falling due within one year 6 50,327 57,625
NET CURRENT ASSETS 82,335 4,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,360

10,008

PROVISIONS FOR LIABILITIES 706 956
NET ASSETS 133,654 9,052

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 133,554 8,952
SHAREHOLDERS' FUNDS 133,654 9,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)

BALANCE SHEET - continued
31ST MARCH 2025


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th May 2025 and were signed on its behalf by:





J M Davies - Director


DAVIES FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Davies Financial 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

DAVIES FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

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 5 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2024 54,484 - 54,484
Additions - 60,000 60,000
At 31st March 2025 54,484 60,000 114,484
DEPRECIATION
At 1st April 2024 49,453 - 49,453
Charge for year 1,006 12,000 13,006
At 31st March 2025 50,459 12,000 62,459
NET BOOK VALUE
At 31st March 2025 4,025 48,000 52,025
At 31st March 2024 5,031 - 5,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 7,526 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 389 -
Corporation Tax 40,683 4,114
Social security and other taxes 3,853 4,660
Other creditors 2,519 2,236
Directors' current accounts 1,995 44,615
Accrued expenses 888 2,000
50,327 57,625

DAVIES FINANCIAL LIMITED (REGISTERED NUMBER: 05334921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to J M Davies of £1,995 (2024: £44,615).