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REGISTERED NUMBER: 04385701 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Davidson - Richards Limited

Davidson - Richards Limited (Registered number: 04385701)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davidson - Richards Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R D Goodley
C Worthington
A Simpkins
K Bateman





SECRETARY: E White





REGISTERED OFFICE: Systems House
The Parker Centre
Mansfield Road
Derby
Derbyshire
DE21 4SZ





REGISTERED NUMBER: 04385701 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Davidson - Richards Limited (Registered number: 04385701)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,829 28,537

CURRENT ASSETS
Stocks 12,017 12,855
Debtors 5 1,712,969 1,706,528
Cash at bank and in hand 354,532 603,243
2,079,518 2,322,626
CREDITORS
Amounts falling due within one year 6 753,506 1,008,407
NET CURRENT ASSETS 1,326,012 1,314,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,841

1,342,756

CREDITORS
Amounts falling due after more than one
year

7

(258,385

)

(376,768

)

PROVISIONS FOR LIABILITIES (7,957 ) (5,422 )
NET ASSETS 1,091,499 960,566

CAPITAL AND RESERVES
Called up share capital 68,100 68,100
Other reserves 35,793 35,793
Retained earnings 987,606 856,673
1,091,499 960,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Davidson - Richards Limited (Registered number: 04385701)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R D Goodley - Director


Davidson - Richards Limited (Registered number: 04385701)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Davidson - Richards 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 represents net invoiced services provided, excluding value added tax. Turnover is recognised in the period in which the service was provided.

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 - 33% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

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

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
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 30 (2023 - 33 ) .

Davidson - Richards Limited (Registered number: 04385701)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 1,433 38,673 146,799 186,905
Additions 1,257 - 8,636 9,893
At 30 September 2024 2,690 38,673 155,435 196,798
DEPRECIATION
At 1 October 2023 1,433 15,965 140,970 158,368
Charge for year 173 2,270 4,158 6,601
At 30 September 2024 1,606 18,235 145,128 164,969
NET BOOK VALUE
At 30 September 2024 1,084 20,438 10,307 31,829
At 30 September 2023 - 22,708 5,829 28,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 218,775 214,069
Amounts owed by group undertakings 1,445,790 1,445,790
Other debtors 7,500 -
Tax - 8,484
Prepayments 40,904 38,185
1,712,969 1,706,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,297 62,773
Trade creditors 82,430 118,502
Amounts owed to group undertakings 196,484 440,940
Tax 46,363 38,062
Social security and other taxes 103,122 99,954
Other creditors 11,649 16,392
Accruals and deferred income 237,161 231,784
753,506 1,008,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 69,362 67,957
Bank loans - 2-5 years 139,172 157,733
Bank loans 5+ years 49,851 151,078
258,385 376,768

Davidson - Richards Limited (Registered number: 04385701)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5+ years 49,851 151,078

8. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:

£
Within one year 46,268
Between one and five years 40,694
86,962

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 334,682 439,541

Debts are secured against the assets of the company.