2023-06-01 2024-05-31 false Capium Accounts Production 1.1 SC623545 2023-06-01 2024-05-31 SC623545 bus:FullAccounts 2023-06-01 2024-05-31 SC623545 bus:FRS102 2023-06-01 2024-05-31 SC623545 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC623545 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC623545 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC623545 2023-06-01 2024-05-31 SC623545 2024-05-31 SC623545 bus:RegisteredOffice 2023-06-01 2024-05-31 SC623545 core:WithinOneYear 2024-05-31 SC623545 core:AfterOneYear 2024-05-31 SC623545 1 2023-06-01 2024-05-31 SC623545 bus:Director1 2023-06-01 2024-05-31 SC623545 bus:Director1 2024-05-31 SC623545 bus:Director1 2022-06-01 2023-05-31 SC623545 bus:Director2 2023-06-01 2024-05-31 SC623545 bus:Director2 2024-05-31 SC623545 bus:Director2 2022-06-01 2023-05-31 SC623545 2022-06-01 SC623545 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 SC623545 2022-06-01 2023-05-31 SC623545 2023-05-31 SC623545 core:WithinOneYear 2023-05-31 SC623545 core:AfterOneYear 2023-05-31 SC623545 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 SC623545 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC623545 bus:OrdinaryShareClass1 2024-05-31 SC623545 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC623545 bus:OrdinaryShareClass1 2023-05-31 SC623545 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 SC623545 bus:OrdinaryShareClass2 2024-05-31 SC623545 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 SC623545 bus:OrdinaryShareClass2 2023-05-31 SC623545 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 SC623545 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 SC623545 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 SC623545 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC623545 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC623545 core:Non-currentFinancialInstruments 2024-05-31 SC623545 core:Non-currentFinancialInstruments 2023-05-31 SC623545 core:ShareCapital 2024-05-31 SC623545 core:ShareCapital 2023-05-31 SC623545 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC623545 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC623545 dpl:Item1 2023-06-01 SC623545 dpl:Item1 2024-05-31 SC623545 dpl:Item1 2022-06-01 SC623545 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC623545
Scotland

 

 

 

DAVIES GRAY HOMES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Directors A Davies
M Gray
Registered Number SC623545
Registered Office Unit 24, Mid Friarton Business Park
Friarton Road
Perth
PH2 8EL
Accountants M&S Accountancy & Taxation Limited
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
KY11 3BZ
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 3 451,027    373,879 
Debtors 4 1,739,019    1,162,248 
Cash at bank and in hand 32,553    83,141 
2,222,599    1,619,268 
Creditors: amount falling due within one year 5 (2,324,475)   (1,685,776)
Net current assets (101,876)   (66,508)
 
Total assets less current liabilities (101,876)   (66,508)
Net assets (101,876)   (66,508)
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account (101,976)   (66,608)
Shareholders' funds (101,876)   (66,508)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 01 August 2025 and were signed on its behalf by:


-------------------------------
M Gray
Director
2
General Information
Davies Gray Homes Limited is a private company, limited by shares, registered in Scotland, registration number SC623545, registration address Unit 24, Mid Friarton Business Park, Friarton Road, Perth, PH2 8EL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
These financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have agreed to provide financial assistance to the company to ensure that all liabilities are met as they fall due and they will not seek repayment of amounts due to them until there are sufficient cash reserves to do so. The directors have considered a period of twelve months from the date of approval of the financial statements.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Stocks

2024
£
  2023
£
Stocks 451,027    373,879 
451,027    373,879 

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 1,680,931    1,150,748 
Directors Current Accounts 58,088   
VAT   11,500 
1,739,019    1,162,248 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 800    6,576 
Bank Loans & Overdrafts 999,062    918,035 
Corporation Tax 6,822    11,243 
Accrued Expenses 24,048    20,847 
Other Creditors 644,097    676,352 
Directors' Current Accounts 639,640    52,723 
VAT 10,006   
2,324,475    1,685,776 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
50 Class A shares of £1.00 each 50    50 
50 Class B shares of £1.00 each 50    50 
100    100 

7.

Directors' transactions

The following advances and credits to the directors took place during the year:

  Amounts Advanced
£
  Amounts Repaid
£
  Closing Balance
£
M Gray (93,600) 151,688  58,088 

These transactions are unsecured and repayable on demand. Interest has been charged on overdrawn balances exceeding £10,000 at HMRC's official rate of interest.
8.

Related parties

During the year the company entered into the following transactions with related parties:

  2024
£
  2023
£
Entities with control, joint control or significant influence over the company (300,000) (300,000)
Key management personnel (639,640) (52,723)
Other related parties (311,341) (311,341)
Other related parties 655,986  826,375 

These transactions are unsecured and repayable on demand. No interest has been charged.
3