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REGISTERED NUMBER: 10396672 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Davbec Alloys Ltd
T/A
The Wheel Specialist Leicester

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davbec Alloys Ltd
T/A The Wheel Specialist Leicester

Company Information
for the Year Ended 28 February 2025







DIRECTORS: D W Stanley
Mrs R C Stanley





REGISTERED OFFICE: 12 Viking Road
Wigston
Leicester
LE18 2BL





REGISTERED NUMBER: 10396672 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 45,018 45,018
Tangible assets 5 59,142 59,897
104,160 104,915

CURRENT ASSETS
Stocks 1,500 5,000
Debtors 6 20,611 20,917
Cash at bank and in hand 5,793 1,726
27,904 27,643
CREDITORS
Amounts falling due within one year 7 78,290 59,706
NET CURRENT LIABILITIES (50,386 ) (32,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,774

72,852

CREDITORS
Amounts falling due after more than one
year

8

(14,084

)

(28,516

)

PROVISIONS FOR LIABILITIES (9,311 ) (9,284 )
NET ASSETS 30,379 35,052

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 30,279 34,952
SHAREHOLDERS' FUNDS 30,379 35,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:




D W Stanley - Director



Mrs R C Stanley - Director


Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 March 2024
and 28 February 2025 45,018
NET BOOK VALUE
At 28 February 2025 45,018
At 29 February 2024 45,018

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2024 10,080 205,730 7,321
Additions - 16,672 -
Disposals - (53,708 ) -
At 28 February 2025 10,080 168,694 7,321
DEPRECIATION
At 1 March 2024 - 160,968 5,121
Charge for year - 10,017 550
Eliminated on disposal - (46,539 ) -
At 28 February 2025 - 124,446 5,671
NET BOOK VALUE
At 28 February 2025 10,080 44,248 1,650
At 29 February 2024 10,080 44,762 2,200

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2024 4,855 3,694 231,680
Additions - 1,086 17,758
Disposals - - (53,708 )
At 28 February 2025 4,855 4,780 195,730
DEPRECIATION
At 1 March 2024 2,295 3,399 171,783
Charge for year 640 137 11,344
Eliminated on disposal - - (46,539 )
At 28 February 2025 2,935 3,536 136,588
NET BOOK VALUE
At 28 February 2025 1,920 1,244 59,142
At 29 February 2024 2,560 295 59,897

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2024
and 28 February 2025 17,195
DEPRECIATION
At 1 March 2024 6,985
Charge for year 2,553
At 28 February 2025 9,538
NET BOOK VALUE
At 28 February 2025 7,657
At 29 February 2024 10,210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 16,216 10,665
Prepayments 4,395 10,252
20,611 20,917

Davbec Alloys Ltd (Registered number: 10396672)
T/A The Wheel Specialist Leicester

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 4,299 4,299
Trade creditors 22,555 13,694
Tax 5,590 7,211
Social security and other taxes 1,376 1,724
VAT 6,336 8,823
Other creditors 890 816
Directors' current accounts 34,744 20,732
Accrued expenses 2,500 2,407
78,290 59,706

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans - 1-2 years 13,009 23,143
Hire purchase contracts 1,075 5,373
14,084 28,516

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1.00 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2024 - £30,000) were paid to the directors .