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REGISTERED NUMBER: 05721300 (England and Wales)


















DAVWEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






DAVWEN LIMITED (REGISTERED NUMBER: 05721300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVWEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: D N Nesbitt Esq
Mrs R Nesbitt
Mrs K L Pugh
D A Nesbitt Esq





SECRETARY: Mrs R Nesbitt





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH





REGISTERED NUMBER: 05721300 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,080 12,158
Tangible assets 5 23,561 29,058
29,641 41,216

CURRENT ASSETS
Stocks 6 106,636 97,406
Debtors 7 12,999 9,933
Cash at bank and in hand 110,882 131,666
230,517 239,005
CREDITORS
Amounts falling due within one year 8 20,737 18,775
NET CURRENT ASSETS 209,780 220,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,421

261,446

CREDITORS
Amounts falling due after more than one year 9 829 628
NET ASSETS 238,592 260,818

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 238,492 260,718
SHAREHOLDERS' FUNDS 238,592 260,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





D N Nesbitt Esq - Director


DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Davwen 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over an original estimated useful life of sixteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions paid during the year are charged to the profit and loss account.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade creditors and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 97,250
AMORTISATION
At 1 February 2024 85,092
Charge for year 6,078
At 31 January 2025 91,170
NET BOOK VALUE
At 31 January 2025 6,080
At 31 January 2024 12,158

DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024
and 31 January 2025 1 85,851 13,500 7,393 106,745
DEPRECIATION
At 1 February 2024 - 67,618 3,375 6,694 77,687
Charge for year - 2,735 2,531 231 5,497
At 31 January 2025 - 70,353 5,906 6,925 83,184
NET BOOK VALUE
At 31 January 2025 1 15,498 7,594 468 23,561
At 31 January 2024 1 18,233 10,125 699 29,058

6. STOCKS
2025 2024
£    £   
Stocks 106,636 97,406

7. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Other debtors 318 -
Prepayments 2,286 2,283
2,604 2,283

Amounts falling due after more than one year:
Deferred tax asset 10,395 7,650

Aggregate amounts 12,999 9,933

The deferred tax asset relates to tax losses carried forward.

DAVWEN LIMITED (REGISTERED NUMBER: 05721300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 7,769 7,121
Tax - 318
Social security and other taxes 6,397 4,407
Accruals 6,571 6,929
20,737 18,775

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Directors' loan account 829 628

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100