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Registration number: 06756446

Davey Civils Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Davey Civils Ltd

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 13

 

Davey Civils Ltd

Company Information

Directors

Mr Ian Paul Davey

Mr William John Blake

Registered office

24 Station Road
Rainham
Gillingham
Kent
ME8 7PH

 

Davey Civils Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Ian Paul Davey

Mr William John Blake

Principal activity

The principal activity of the company is Construction of other civil engineering

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

.........................................
Mr William John Blake
Director

 

Davey Civils Ltd

Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

6,859,965

6,496,637

Cost of sales

 

(3,694,167)

(3,881,957)

Gross profit

 

3,165,798

2,614,680

Administrative expenses

 

(864,238)

(1,153,177)

Operating profit

 

2,301,560

1,461,503

Interest payable and similar expenses

 

(3,862)

(2,404)

Profit before tax

4

2,297,698

1,459,099

Tax on profit

 

(575,936)

(344,435)

Profit for the financial year

 

1,721,762

1,114,664

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Davey Civils Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024
£

2023
£

Profit for the year

1,721,762

1,114,664

Total comprehensive income for the year

1,721,762

1,114,664

 

Davey Civils Ltd

(Registration number: 06756446)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

110,024

84,419

Current assets

 

Stocks

6

10,000

10,000

Debtors

7

732,872

403,394

Cash at bank and in hand

 

229,149

365,670

 

972,021

779,064

Creditors: Amounts falling due within one year

8

(681,670)

(428,639)

Net current assets

 

290,351

350,425

Total assets less current liabilities

 

400,375

434,844

Creditors: Amounts falling due after more than one year

8

(49,409)

(85,526)

Net assets

 

350,966

349,318

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

350,965

349,317

Shareholders' funds

 

350,966

349,318

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

.........................................
Mr William John Blake
Director

 

Davey Civils Ltd

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Retained earnings
£

Total
£

At 1 January 2024

1

349,318

349,319

Profit for the year

-

1,721,762

1,721,762

Dividends

-

(1,720,115)

(1,720,115)

At 31 December 2024

1

350,965

350,966

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

1

481,722

481,723

Profit for the year

-

1,114,664

1,114,664

Dividends

-

(1,247,069)

(1,247,069)

At 31 December 2023

1

349,317

349,318

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Station Road
Rainham
Gillingham
Kent
ME8 7PH

These financial statements were authorised for issue by the Board on 31 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Plant and machinery

10% on cost

Fixtures and fittings

50% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

29,814

24,164

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2024

2,698

93,979

4,644

67,200

Additions

-

1,012

2,073

69,000

Disposals

-

(27,778)

-

-

At 31 December 2024

2,698

67,213

6,717

136,200

Depreciation

At 1 January 2024

2,697

63,572

4,393

13,440

Charge for the year

-

2,035

538

27,240

Eliminated on disposal

-

(11,111)

-

-

At 31 December 2024

2,697

54,496

4,931

40,680

Carrying amount

At 31 December 2024

1

12,717

1,786

95,520

At 31 December 2023

1

30,407

251

53,760

Total
£

Cost or valuation

At 1 January 2024

168,521

Additions

72,085

Disposals

(27,778)

At 31 December 2024

212,828

Depreciation

At 1 January 2024

84,102

Charge for the year

29,813

Eliminated on disposal

(11,111)

At 31 December 2024

102,804

Carrying amount

At 31 December 2024

110,024

At 31 December 2023

84,419

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

2024
£

2023
£

Other inventories

10,000

10,000

7

Debtors

Current

2024
£

2023
£

Trade debtors

4,276

18,207

Prepayments

45,934

40,486

Other debtors

682,662

344,701

 

732,872

403,394

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

10,340

10,154

Trade creditors

 

33,836

35,923

Taxation and social security

 

617,428

378,005

Accruals and deferred income

 

8,160

4,500

Other creditors

 

11,906

57

 

681,670

428,639

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

7,830

18,094

Other non-current financial liabilities

 

41,579

67,432

 

49,409

85,526

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

100

1

100

1

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,830

18,094

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,340

10,154

 

Davey Civils Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11

Related party transactions

WJ Blake Ltd is the ultimate controlling party and at the balance sheet date Davey Civils Ltd is owed £414,051 by WJ Blake Ltd.

Loans to related parties

2024

Parent
£

Other related parties
£

Total
£

At start of period

40,051

68,284

108,335

Advanced

374,000

72,361

446,361

Repaid

-

(68,284)

(68,284)

At end of period

414,051

72,361

486,412

2023

Parent
£

Other related parties
£

Total
£

At start of period

245,051

69,899

314,950

Advanced

-

68,284

68,284

Repaid

(205,000)

(69,899)

(274,899)

At end of period

40,051

68,284

108,335

Terms of loans to related parties

During the year the company loaned the directors £72,361.34