IRIS Accounts Production v25.1.4.42 07780810 director 31.3.25 1.4.24 31.3.25 31.3.25 true true true false true true false false false false false false false false true false A Ordinary 0.10000 B ordinary 0.10000 C ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077808102024-03-31077808102025-03-31077808102024-04-012025-03-31077808102023-03-31077808102023-04-012024-03-31077808102024-03-3107780810ns15:EnglandWales2024-04-012025-03-3107780810ns14:PoundSterling2024-04-012025-03-3107780810ns10:Director12024-04-012025-03-3107780810ns10:Consolidated2025-03-3107780810ns10:ConsolidatedGroupCompanyAccounts2024-04-012025-03-3107780810ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107780810ns10:Consolidatedns10:FRS1022024-04-012025-03-3107780810ns10:Consolidatedns10:Audited2024-04-012025-03-3107780810ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107780810ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107780810ns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2024-04-012025-03-3107780810ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Consolidated2024-04-012025-03-3107780810ns10:FullAccounts2024-04-012025-03-3107780810ns5:Subsidiary12024-04-012025-03-3107780810ns5:Subsidiary22024-04-012025-03-3107780810ns5:Subsidiary32024-04-012025-03-3107780810ns5:Subsidiary42024-04-012025-03-3107780810ns5:Subsidiary52024-04-012025-03-310778081012024-04-012025-03-3107780810ns10:OrdinaryShareClass32024-04-012025-03-3107780810ns10:OrdinaryShareClass42024-04-012025-03-3107780810ns10:OrdinaryShareClass52024-04-012025-03-3107780810ns10:Consolidated2024-04-012025-03-3107780810ns10:RegisteredOffice2024-04-012025-03-3107780810ns10:Consolidated2023-04-012024-03-3107780810ns5:CurrentFinancialInstruments2025-03-3107780810ns5:CurrentFinancialInstruments2024-03-3107780810ns5:ShareCapital2025-03-3107780810ns5:ShareCapital2024-03-3107780810ns5:RetainedEarningsAccumulatedLosses2025-03-3107780810ns5:RetainedEarningsAccumulatedLosses2024-03-3107780810ns5:ShareCapital2023-03-3107780810ns5:RetainedEarningsAccumulatedLosses2023-03-3107780810ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3107780810ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-3107780810ns5:NetGoodwill2024-04-012025-03-3107780810ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107780810ns5:ComputerSoftware2024-04-012025-03-3107780810ns5:OwnedOrFreeholdAssetsns5:LandBuildings2024-04-012025-03-3107780810ns5:PlantMachinery2024-04-012025-03-3107780810ns5:FurnitureFittings2024-04-012025-03-3107780810ns5:MotorVehicles2024-04-012025-03-3107780810ns5:CostValuation2024-03-3107780810ns5:AdditionsToInvestments2025-03-3107780810ns5:CostValuation2025-03-3107780810ns5:Subsidiary112024-04-012025-03-31077808103ns5:Subsidiary22024-04-012025-03-3107780810ns5:Subsidiary352024-04-012025-03-31077808107ns5:Subsidiary42024-04-012025-03-31077808109ns5:Subsidiary52024-04-012025-03-3107780810ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-03-3107780810ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107780810ns10:OrdinaryShareClass32025-03-3107780810ns10:OrdinaryShareClass42025-03-3107780810ns10:OrdinaryShareClass52025-03-31
REGISTERED NUMBER: 07780810 (England and Wales)














Group Strategic Report, Report of the Director and

Consolidated Financial Statements

for the Year Ended 31 March 2025

for

J.Davidson (Holdings) Limited

J.Davidson (Holdings) Limited (Registered number: 07780810)






Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Consolidated Profit and Loss Account 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


J.Davidson (Holdings) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr J A Davidson





REGISTERED OFFICE: 35 Craven Road
Broadheath
Altrincham
Cheshire
WA14 5HD





REGISTERED NUMBER: 07780810 (England and Wales)





AUDITORS: Thompson Wright (Audit) Limited
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

J.Davidson (Holdings) Limited (Registered number: 07780810)

Group Strategic Report
for the Year Ended 31 March 2025

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS
The director considers the overall financial performance of the group to be in line with expectations given the tough trading environment, and is confident that the group will grow over the coming years.

The director considers the group's key performance indicators ("KPIs") to be like for like sales, gross margins, earnings before interest, tax, depreciation and amortisation (EBITDA) and net worth. The director is satisfied with the EBITDA of £1,536,611 (2024: £1,425,585) for the year.

Given the results for the year, the director recommends that equity dividends be paid as detailed in the Report of the Director.

PRINCIPAL RISKS AND UNCERTAINTIES
The director has identified the key risks faced by the company to be market risk, financial risk, and credit risk.

MARKET RISK
The director is constantly monitoring market prices and competitors to minimise the market risk.

LIQUIDITY RISK
The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Short term flexibility is achieved by overdraft facilities but currently the group is not using any such facilities.

FINANCIAL RISK
The group finances its operations through a mixture of retained profits, cash at bank, hire purchase, and a bank loan. The group's interest rate exposure is subject to the movements on the variable rate of interest upon the banks borrowings. The group's long term bank loan is being repaid monthly. The group's financial asset is cash. Since the nature of the group's operations are such that trade debtors are minimal, the director considers that the group has limited exposure to credit risk.

CREDIT RISK
The group's principal financial assets are mainly cash and trade debtors. The credit risk associated with cash is limited, the principal credit risk arises therefore from its trade debtors. However, very few customers are given credit accounts as these are reviewed regularly and collections kept up to date.

FUTURE DEVELOPMENTS
Looking to the future, the directors want to maintain appropriate investment levels in the company to maintain and secure the company's position in the market. The directors closely monitor the market place to ensure that the company can deliver the best products at the best prices.

ON BEHALF OF THE BOARD:





Mr J A Davidson - Director


25 July 2025

J.Davidson (Holdings) Limited (Registered number: 07780810)

Report of the Director
for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company continued to be that of a holding company. The activities of the group are detailed in the strategic report on page 2.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2025 will be £ 899,000 .

DIRECTOR
Mr J A Davidson held office during the whole of the period from 1 April 2024 to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT
Future developments and principal risks and uncertainties are disclosed in the strategic report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Thompson Wright (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr J A Davidson - Director


25 July 2025

Report of the Independent Auditors to the Members of
J.Davidson (Holdings) Limited

Opinion
We have audited the financial statements of J.Davidson (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
J.Davidson (Holdings) Limited


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
J.Davidson (Holdings) Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the Senior Statutory Auditor ensured that the audit team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the various sectors across the group;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental, other industry specific accreditations and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


Report of the Independent Auditors to the Members of
J.Davidson (Holdings) Limited

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeremy Bostock BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright (Audit) Limited
Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

25 July 2025

J.Davidson (Holdings) Limited (Registered number: 07780810)

Consolidated Profit and Loss Account
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 3 24,032,883 22,273,829

Cost of sales 18,396,282 17,339,672
GROSS PROFIT 5,636,601 4,934,157

Administrative expenses 5,204,522 4,062,475
OPERATING PROFIT 6 432,079 871,682

Interest receivable and similar income 5,365 4,104
437,444 875,786

Interest payable and similar expenses 7 52,435 51,717
PROFIT BEFORE TAXATION 385,009 824,069

Tax on profit 8 267,312 999,425
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 117,697 (175,356 )
Profit/(loss) attributable to:
Owners of the parent 117,697 (175,356 )

J.Davidson (Holdings) Limited (Registered number: 07780810)

Consolidated Other Comprehensive Income
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 117,697 (175,356 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 117,697 (175,356 )

Total comprehensive income attributable to:
Owners of the parent 117,697 (175,356 )

J.Davidson (Holdings) Limited (Registered number: 07780810)

Consolidated Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 1,110,605 9,724
Tangible assets 12 6,818,852 6,054,438
Investments 13 - -
7,929,457 6,064,162

CURRENT ASSETS
Stocks 14 261,021 261,649
Debtors 15 1,074,979 1,735,166
Cash at bank and in hand 1,205,370 1,355,449
2,541,370 3,352,264
CREDITORS
Amounts falling due within one year 16 2,682,864 1,655,460
NET CURRENT (LIABILITIES)/ASSETS (141,494 ) 1,696,804
TOTAL ASSETS LESS CURRENT LIABILITIES 7,787,963 7,760,966

CREDITORS
Amounts falling due after more than one year 17 (1,302,440 ) (609,516 )

PROVISIONS FOR LIABILITIES 21 (851,270 ) (735,894 )
NET ASSETS 5,634,253 6,415,556

CAPITAL AND RESERVES
Called up share capital 22 11,052 11,052
Merger reserve 23 3 3
Retained earnings 23 5,623,198 6,404,501
SHAREHOLDERS' FUNDS 5,634,253 6,415,556

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr J A Davidson - Director


J.Davidson (Holdings) Limited (Registered number: 07780810)

Company Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 203 3
203 3

CURRENT ASSETS
Debtors 15 1,359,706 1,359,706

CREDITORS
Amounts falling due within one year 16 144,963 144,763
NET CURRENT ASSETS 1,214,743 1,214,943
TOTAL ASSETS LESS CURRENT LIABILITIES 1,214,946 1,214,946

CAPITAL AND RESERVES
Called up share capital 22 11,052 11,052
Retained earnings 1,203,894 1,203,894
SHAREHOLDERS' FUNDS 1,214,946 1,214,946

Company's profit for the financial year 899,000 114,165

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr J A Davidson - Director


J.Davidson (Holdings) Limited (Registered number: 07780810)

Consolidated Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up
share Retained Merger Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2023 11,052 6,694,022 3 6,705,077

Changes in equity
Dividends - (114,165 ) - (114,165 )
Total comprehensive income - (175,356 ) - (175,356 )
Balance at 31 March 2024 11,052 6,404,501 3 6,415,556

Changes in equity
Dividends - (899,000 ) - (899,000 )
Total comprehensive income - 117,697 - 117,697
Balance at 31 March 2025 11,052 5,623,198 3 5,634,253

J.Davidson (Holdings) Limited (Registered number: 07780810)

Company Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2023 11,052 1,203,894 1,214,946

Changes in equity
Dividends - (114,165 ) (114,165 )
Total comprehensive income - 114,165 114,165
Balance at 31 March 2024 11,052 1,203,894 1,214,946

Changes in equity
Dividends - (899,000 ) (899,000 )
Total comprehensive income - 899,000 899,000
Balance at 31 March 2025 11,052 1,203,894 1,214,946

J.Davidson (Holdings) Limited (Registered number: 07780810)

Consolidated Cash Flow Statement
for the Year Ended 31 March 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,996,311 (723,253 )
Interest paid (34,437 ) (38,274 )
Interest element of hire purchase payments paid (17,998 ) (13,444 )
Tax paid (124,141 ) 5,691
Net cash from operating activities 1,819,735 (769,280 )

Cash flows from investing activities
Purchase of tangible fixed assets (703,577 ) (579,457 )
Sale of tangible fixed assets 71,750 941,486
Purchase of business (1,000,000 ) -
Interest received 5,365 4,104
Net cash from investing activities (1,626,462 ) 366,133

Cash flows from financing activities
Loan repayments in year (44,756 ) (40,249 )
Capital repayments on HP in year (238,862 ) (221,250 )
Amount introduced by directors 139,266 -
Equity dividends paid (199,000 ) (114,165 )
Net cash from financing activities (343,352 ) (375,664 )

Decrease in cash and cash equivalents (150,079 ) (778,811 )
Cash and cash equivalents at beginning of year 2 1,355,449 2,134,260

Cash and cash equivalents at end of year 2 1,205,370 1,355,449

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025 2024
£    £   
Profit before taxation 385,009 824,069
Depreciation charges 1,093,324 989,462
Loss/(profit) on disposal of fixed assets 11,207 (437,990 )
Finance costs 52,435 51,717
Finance income (5,365 ) (4,104 )
1,536,610 1,423,154
Decrease in stocks 628 60,403
Decrease/(increase) in trade and other debtors 430,523 (285,457 )
Increase/(decrease) in trade and other creditors 28,550 (1,921,353 )
Cash generated from operations 1,996,311 (723,253 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025
31.3.25 1.4.24
£    £   
Cash and cash equivalents 1,205,370 1,355,449
Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 1,355,449 2,134,260


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

Other
non-cash
At 1.4.24 Cash flow changes At 31.3.25
£    £    £    £   
Net cash
Cash at bank
and in hand 1,355,449 (150,079 ) 1,205,370
1,355,449 (150,079 ) 1,205,370
Debt
Finance leases (307,928 ) 238,862 (338,000 ) (407,066 )
Debts falling due
within 1 year (49,000 ) 19,442 (44,442 ) (74,000 )
Debts falling due
after 1 year (447,588 ) (474,686 ) 44,442 (877,832 )
(804,516 ) (216,382 ) (338,000 ) (1,358,898 )
Total 550,933 (366,461 ) (338,000 ) (153,528 )

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

J.Davidson (Holdings) 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
In accordance with FRS 102, the company has taken advantage of the exemptions from the following disclosure requirements;

Section 4 'Balance Sheet' - Reconciliation of the opening and closing number of shares
Section 33 'Related Party Disclosures' - Compensation for key management personnel

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and all subsidiary undertakings, together with the group's shares of the net assets and results of associated undertakings and joint ventures. The financial statements of all group companies are adjusted, where necessary, to ensure the use of consistent accounting policies. Acquisitions are accounted for under the acquisition method. The results of companies acquired or disposed of are included in the group profit and loss account from or up to the date that control passes respectively.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue for the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue is recognised only to the extent that is probable the expenses recognised will be recovered. All turnover for the company took place within UK.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years a period deemed appropriate by the directors.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.
Freehold property - 2% on reducing balance and 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimates of useful economic lives and residual value of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, of economic utilisation of the assets.

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

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as creditors due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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.


J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2025 2024
£    £   
Scrap metal sold 23,942,945 22,222,281
Car sales 24,322 23,336
Waste disposal 65,616 28,212
24,032,883 22,273,829

4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 1,083,791 942,274
Social security costs 103,455 90,467
Other pension costs 119,847 94,089
1,307,093 1,126,830

The average number of employees during the year was as follows:
2025 2024

Administration and management 12 11
Drivers and workshop 27 25
39 36

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

5. DIRECTORS' EMOLUMENTS
2025 2024
£    £   
Director's remuneration 59,554 55,883
Director's pension contributions to money purchase schemes 18,333 23,333

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Hire of plant and machinery 636,965 651,016
Other operating leases 62,119 39,065
Depreciation - owned assets 833,977 779,323
Depreciation - assets on hire purchase contracts 220,129 208,923
Loss/(profit) on disposal of fixed assets 11,207 (437,990 )
Goodwill amortisation 38,003 -
Computer software amortisation 1,216 1,215
Auditors' remuneration 19,675 13,650
Foreign exchange differences - (34,918 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank loan interest 34,437 38,273
Hire purchase 17,998 13,444
52,435 51,717

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 151,936 124,142
Under/(over) accrued in prior period - (5,691 )
Total current tax 151,936 118,451

Deferred tax 115,376 880,974
Tax on profit 267,312 999,425

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 385,009 824,069
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 -
25 %)

96,252

206,017

Effects of:
Expenses not deductible for tax purposes 32,098 1,569
Depreciation in excess of capital allowances 8,633 1,063,206
Utilisation of tax losses - (265,527 )
Adjustments to tax charge in respect of previous periods - (5,691 )
Group tax relief (4,375 ) -
Rate difference (300 ) (149 )
Adjustments to deferred tax 135,004 -
Total tax charge 267,312 999,425

9. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
2025 2024
£    £   
A Ordinary shares of 10p each
Interim 700,000 -
B ordinary shares of 10p each
Interim 85,000 -
C ordinary shares of 10p each
Interim 38,000 38,055
D ordinary shares of 10p each
Interim 38,000 38,055
E ordinary shares of 10p each
Interim 38,000 38,055
899,000 114,165

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

11. INTANGIBLE FIXED ASSETS

Group
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2024 - 12,155 12,155
Additions 1,140,100 - 1,140,100
At 31 March 2025 1,140,100 12,155 1,152,255
AMORTISATION
At 1 April 2024 - 2,431 2,431
Amortisation for year 38,003 1,216 39,219
At 31 March 2025 38,003 3,647 41,650
NET BOOK VALUE
At 31 March 2025 1,102,097 8,508 1,110,605
At 31 March 2024 - 9,724 9,724

12. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 2,860,084 4,034,059 132,160 3,664,259 10,690,562
Additions 795,111 622,800 8,099 475,467 1,901,477
Disposals - (87,300 ) - (79,000 ) (166,300 )
At 31 March 2025 3,655,195 4,569,559 140,259 4,060,726 12,425,739
DEPRECIATION
At 1 April 2024 319,775 1,785,468 94,526 2,436,355 4,636,124
Charge for year 27,709 680,462 6,807 339,128 1,054,106
Eliminated on disposal - (63,593 ) - (19,750 ) (83,343 )
At 31 March 2025 347,484 2,402,337 101,333 2,755,733 5,606,887
NET BOOK VALUE
At 31 March 2025 3,307,711 2,167,222 38,926 1,304,993 6,818,852
At 31 March 2024 2,540,309 2,248,591 37,634 1,227,904 6,054,438

Included in cost of land and buildings is freehold land of £1,783,311 (2024 - £1,255,200) which is not depreciated.

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

12. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 585,000 513,000 1,098,000
Additions 338,000 - 338,000
At 31 March 2025 923,000 513,000 1,436,000
DEPRECIATION
At 1 April 2024 342,983 212,500 555,483
Charge for year 145,004 75,125 220,129
At 31 March 2025 487,987 287,625 775,612
NET BOOK VALUE
At 31 March 2025 435,013 225,375 660,388
At 31 March 2024 242,017 300,500 542,517

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2024 3
Additions 200
At 31 March 2025 203
NET BOOK VALUE
At 31 March 2025 203
At 31 March 2024 3

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

J Davidson Scrap Metal Processors Limited
Registered office: 35 Craven Road, Broadheath, Altrincham, Cheshire, WA14 5HD
Nature of business: Purchase and sale of scrap metal
%
Class of shares: holding
£1 Ordinary 100.00

J Davidson (Car Sales) Limited
Registered office: 35 Craven Road, Broadheath, Altrincham, Cheshire, WA14 5HD
Nature of business: Non trading
%
Class of shares: holding
£1 Ordinary 100.00

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

13. FIXED ASSET INVESTMENTS - continued

J Davidson (Properties) Limited
Registered office: 35 Craven Road, Broadheath, Altrincham, Cheshire, WA14 5HD
Nature of business: Property investment
%
Class of shares: holding
£1 Ordinary 100.00

J Davidson Scrap Metal Processors (Northwich) Limited
Registered office: 35 Craven Road, Broadheath, Atrincham, Cheshire, WA14 5HD
Nature of business: Purchase and sale of scrap metal
%
Class of shares: holding
£100 Ordinary 100.00

J Davidson (Management) Limited
Registered office: 35 Craven Road, Broadheath, Altrincham, Cheshire, WA14 5HD
Nature of business: Property investment
%
Class of shares: holding
£100 Ordinary 100.00


14. STOCKS

Group
2025 2024
£    £   
Stocks 261,021 261,649

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£    £    £    £   
Trade debtors 844,155 1,024,775 - -
Amounts owed by group undertakings - - 1,359,706 1,359,706
Other debtors 37,374 174,361 - -
Directors' current accounts - 229,664 - -
Prepayments 193,450 306,366 - -
1,074,979 1,735,166 1,359,706 1,359,706

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£    £    £    £   
Bank loans and overdrafts (see note 18) 74,000 49,000 - -
Hire purchase contracts (see note 19) 210,708 146,000 - -
Trade creditors 580,014 676,567 - -
Amounts owed to group undertakings - - 144,963 144,763
Tax 151,936 124,142 - -
Social security and other tax 452,617 455,954 - -
Other creditors 644,797 70,683 - -
Directors' current accounts 381,352 - - -
Accrued expenses 187,440 133,114 - -
2,682,864 1,655,460 144,963 144,763

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2025 2024
£    £   
Bank loans (see note 18) 877,832 447,588
Hire purchase contracts (see note 19) 196,358 161,928
Directors' current accounts 228,250 -
1,302,440 609,516

18. LOANS

An analysis of the maturity of loans is given below:

Group
2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 74,000 49,000
Amounts falling due between two and five years:
Bank loans 296,000 196,000
Amounts falling due in more than five years:
Repayable by instalments
Bank loans 581,832 251,588

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 210,708 146,000
Between one and five years 196,358 161,928
407,066 307,928

Group
Non-cancellable operating leases
2025 2024
£    £   
Within one year 24,066 9,491
Between one and five years 26,293 3,948
50,359 13,439

The operating leases which are not included in the balance sheet relate to remaining payments ending on or before 2026.

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

20. SECURED DEBTS

The following secured debts are included within creditors:

Group
2025 2024
£    £   
Bank loans 951,832 496,588
Hire purchase contracts 407,066 307,928
Other Creditors 500,000 -
1,858,898 804,516

The bank loan and overdraft facility are secured by first legal charge over the freehold of 35 Craven Road, Altrincham and its associated assets, and first legal charge over the freehold of Jarvis House, Atlantic Street, Altrincham and its associated assets.

Hire purchase creditors are secured over the specific assets to which they relate.

The amount noted as other creditors is an amount that the owners of W R Roberts & Sons have secured via a fixed and floating charge over the assets of the company in respect of the deferred consideration owing.

21. PROVISIONS FOR LIABILITIES

Group
2025 2024
£    £   
Deferred tax 851,270 735,894

Group
Deferred
tax
£   
Balance at 1 April 2024 735,894
Charge to Profit and Loss Account during year 115,376
Balance at 31 March 2025 851,270

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
88,416 A Ordinary 10p 8,840 8,840
5,526 B ordinary 10p 553 553
5,526 C ordinary 10p 553 553
5,526 D ordinary 10p 553 553
5,526 E ordinary 10p 553 553
11,052 11,052

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

23. RESERVES

Group
Retained Merger
earnings reserve Totals
£    £    £   

At 1 April 2024 6,404,501 3 6,404,504
Profit for the year 117,697 117,697
Dividends (899,000 ) (899,000 )
At 31 March 2025 5,623,198 3 5,623,201


24. RELATED PARTY DISCLOSURES

During the year, total dividends of £899,000 (2024- £114,165) were paid to the shareholders.

J Davidson
The director of the company.

During the year, the company operated from premises which Mr J Davidson owns personally. The amount of rent paid was £36,000 (2024 - £36,000).

2025 2024
£ £
Amount due from related party at the balance sheet date - 229,664

Amount due to related party at the balance sheet date
609,602 -


25. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Davidson.

J.Davidson (Holdings) Limited (Registered number: 07780810)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2025

26. BUSINESS COMBINATIONS

On 29 November 2024, the group acquired control of W R Roberts & Sons through the purchase of 100% of the share capital for total consideration of £2,000,000. The effective date for the consolidation purposes was 31 March 2025.

W R Roberts & Sons is a partnership whose principal activity was that of the purchase and sale of scrap metal..

Management have estimated the useful life of the goodwill to be 10 years.

The following table summarises the consideration paid by the group, the fair value of assets acquired, liabilities assumed at the acquisition date:

£

Completion consideration 1,000,000
Deferred consideration element 1,000,000

Total consideration 2,000,000


For cashflow disclosure purposes: £

Cash consideration 1,000,000

Net cash outflow 1,000,000,

Recognised amounts of identifiable assets acquired and liabilities assumed:

£
Property 750,000
Fixed Assets 109,900
Benefit of the Contracts 1
Business Name 1
Business Information 1
Total identifiable net assets 859,903

Goodwill 1,140,097
Total 2,000,000