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REGISTERED NUMBER: 07731421




Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for


Davies Julius Ltd.


Davies Julius Ltd. (Registered number: 07731421)







Contents of the Financial Statements

for the Year Ended 31 August 2024





Page



Company Information  

1



Report of the Director  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




Davies Julius Ltd.


Company Information

for the Year Ended 31 August 2024









DIRECTOR:

Mrs Janet Olagbade Julius







REGISTERED OFFICE:

2 Mcarthur Drive


Kings Hill


West Malling


London


ME19 4GW







REGISTERED NUMBER:

07731421







ACCOUNTANTS:

Argon & Krypton Consulting Ltd


(Chartered Certified Accountants & Tax Advisers)


Unit 6


Town Quay Wharf


Abbey Road


Barking


Essex


IG11 7BZ


Davies Julius Ltd. (Registered number: 07731421)


Report of the Director

for the Year Ended 31 August 2024


The director presents her report with the financial statements of the company for the year ended 31 August 2024.


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Other information technology service activities and Bookkeeping activities. . During the year, business diversify into wholesale business activities in food and beverages.

DIRECTOR

Mrs Janet Olagbade Julius held office during the whole of the period from 1 September 2023 to the date of this report.


Her beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:



31.8.24


1.9.23

Ordinary shares of £1 each

5


5




She did not hold any non-beneficial interests in the shares of the company.


This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


ON BEHALF OF THE BOARD:






Mrs Janet Olagbade Julius - Director



20 May 2025


Davies Julius Ltd. (Registered number: 07731421)


Balance Sheet

31 August 2024



31.8.24

31.8.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

30,566


34,386




CURRENT ASSETS

Stocks

33,872


33,872



Investments

5

42,731


42,731



76,603


76,603



CREDITORS

Amounts falling due within one year

6

67,657


49,095



NET CURRENT ASSETS

8,946


27,508



TOTAL ASSETS LESS CURRENT

LIABILITIES

39,512


61,894




CREDITORS

Amounts falling due after more than one year

7

(8,198

)

(17,218

)



ACCRUALS AND DEFERRED INCOME

17,969


(12,838

)


NET ASSETS

49,283


31,838




CAPITAL AND RESERVES

Called up share capital

10


10



Directors Loan

8

46,706


46,706



Retained earnings

8

2,567


(14,878

)


SHAREHOLDERS' FUNDS

49,283


31,838




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her 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 Julius Ltd. (Registered number: 07731421)


Balance Sheet - continued

31 August 2024



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 director and authorised for issue on 20 May 2025 and were signed by:






Mrs Janet Olagbade Julius - Director



Davies Julius Ltd. (Registered number: 07731421)


Notes to the Financial Statements

for the Year Ended 31 August 2024


1.

STATUTORY INFORMATION



Davies Julius Ltd. is a private company, limited by shares , registered in Not specified/Other. 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.



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .


Davies Julius Ltd. (Registered number: 07731421)


Notes to the Financial Statements - continued

for the Year Ended 31 August 2024


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 September 2023


and 31 August 2024

40,151




DEPRECIATION


At 1 September 2023

5,765




Charge for year

3,820




At 31 August 2024

9,585




NET BOOK VALUE


At 31 August 2024

30,566




At 31 August 2023

34,386




5.

CURRENT ASSET INVESTMENTS


31.8.24


31.8.23

£   

£   



General Investments

42,731


42,731




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.8.24


31.8.23

£   

£   



Bank loans and overdrafts

52,213


51,634




Trade creditors

-


(1

)



Corporation Tax Payable

1,400


1,400




VAT Due

(21,833

)

(7,403

)



Social security and other taxes

1,826


1,826




Trade creditors

34,051


1,639



67,657


49,095




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.8.24


31.8.23

£   

£   



Barclays Loan

8,198


17,218




Davies Julius Ltd. (Registered number: 07731421)


Notes to the Financial Statements - continued

for the Year Ended 31 August 2024


8.

RESERVES


Retained


Directors



earnings


Loan


Totals

£   

£   

£   




At 1 September 2023

(14,878

)

46,706


31,828




Profit for the year

17,445


17,445




At 31 August 2024

2,567


46,706


49,273