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REGISTERED NUMBER: 05677310 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

D. Davies & Sons Limited

D. Davies & Sons Limited (Registered number: 05677310)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

D. Davies & Sons Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr D Davies
Mr K Davies
Mr D Davies





SECRETARY: Mr D Davies





REGISTERED OFFICE: St David's Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 05677310 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

D. Davies & Sons Limited (Registered number: 05677310)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 190,417 89,659
Investment property 6 130,000 -
320,417 89,659

CURRENT ASSETS
Stocks 55,750 201,868
Debtors 7 15,416 -
Cash at bank 32,785 27,306
103,951 229,174
CREDITORS
Amounts falling due within one year 8 123,849 116,173
NET CURRENT (LIABILITIES)/ASSETS (19,898 ) 113,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,519

202,660

CREDITORS
Amounts falling due after more than one
year

9

(130,000

)

-

PROVISIONS FOR LIABILITIES (5,865 ) (7,284 )
NET ASSETS 164,654 195,376

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 164,534 195,256
SHAREHOLDERS' FUNDS 164,654 195,376

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

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

D. Davies & Sons Limited (Registered number: 05677310)

Balance Sheet - continued
31 March 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 27 August 2025 and were signed on its behalf by:





Mr D Davies - Director


D. Davies & Sons Limited (Registered number: 05677310)

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

1. STATUTORY INFORMATION

D. Davies & Sons 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.

Turnover
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 2006, is being amortised evenly over its estimated useful life of ten 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.

Freehold property - 2% on cost
Plant & machinery - 20% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts recognised in respect of any impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


D. Davies & Sons Limited (Registered number: 05677310)

Notes to the 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 25,000
AMORTISATION
At 1 April 2024
and 31 March 2025 25,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

D. Davies & Sons Limited (Registered number: 05677310)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 67,188 109,013 176,201
Additions 109,975 192 110,167
At 31 March 2025 177,163 109,205 286,368
DEPRECIATION
At 1 April 2024 6,665 79,877 86,542
Charge for year 3,543 5,866 9,409
At 31 March 2025 10,208 85,743 95,951
NET BOOK VALUE
At 31 March 2025 166,955 23,462 190,417
At 31 March 2024 60,523 29,136 89,659

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Transfer to ownership 130,000
At 31 March 2025 130,000
NET BOOK VALUE
At 31 March 2025 130,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 15,416 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 1,147
Taxation and social security 59,056 32,189
Other creditors 64,793 82,837
123,849 116,173

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Other creditors 130,000 -

D. Davies & Sons Limited (Registered number: 05677310)

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

10. RELATED PARTY DISCLOSURES

During the year the directors accumulated funds through a director's loan account. At the year-end, the amalgamated total of the loan accounts stood at £47,006 (2024 - £80,662) owing to the directors.

During the year, rent of £2,500 (2024 - £2,500) was paid to one of the directors for the right to trade from the property.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D. Davies & Sons Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D. Davies & Sons Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D. Davies & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D. Davies & Sons Limited and state those matters that we have agreed to state to the Board of Directors of D. Davies & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D. Davies & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D. Davies & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D. Davies & Sons Limited. You consider that D. Davies & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D. Davies & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................