Registered number
12188548
A Davis Holdings Limited
Filleted Accounts
30 September 2024
A Davis Holdings Limited
Registered number: 12188548
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 227,199 244,092
Current assets
Debtors 4 17,758 23,361
Cash at bank and in hand 9,087 2,297
26,845 25,658
Creditors: amounts falling due within one year 5 (180,301) (157,527)
Net current liabilities (153,456) (131,869)
Total assets less current liabilities 73,743 112,223
Creditors: amounts falling due after more than one year 6 (39,416) (101,984)
Provisions for liabilities (2,190) -
Net assets 32,137 10,239
Capital and reserves
Called up share capital 1 1
Profit and loss account 32,136 10,238
Shareholder's funds 32,137 10,239
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Davis
Director
Approved by the board on 26 June 2025 and signed on its behalf
A Davis Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 261,358 79,163 340,521
Additions 16,000 - 16,000
At 30 September 2024 277,358 79,163 356,521
Depreciation
At 1 October 2023 71,161 25,268 96,429
Charge for the year 19,419 13,474 32,893
At 30 September 2024 90,580 38,742 129,322
Net book value
At 30 September 2024 186,778 40,421 227,199
At 30 September 2023 190,197 53,895 244,092
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 797
Deferred tax asset - 2,960
Other debtors 17,758 19,604
17,758 23,361
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,153
Obligations under finance lease and hire purchase contracts 47,342 47,342
Amounts owed to group undertakings and undertakings in which the company has a participating interest 7,043 -
Taxation and social security costs 39,216 23,472
Other creditors 76,700 76,560
180,301 157,527
Of the creditors falling due within and after more than one year, the net obligations under finance leases and hire purchase contracts totalling £77,729 (2023 - £127,748) are secured on the assets concerned.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,029 21,578
Obligations under finance lease and hire purchase contracts 30,387 80,406
39,416 101,984
7 Controlling party
The company is controlled by its director.
8 Other information
A Davis Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Second Floor, West Wing
10 Harborne Road
Edgbaston
Birmingham
B15 3AA
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