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Company Registration No. 02780841 (England and Wales)
Davis & Hadwin Limited Unaudited accounts for the year ended 31 March 2025
Davis & Hadwin Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Davis & Hadwin Limited Company Information for the year ended 31 March 2025
Director
Philip Hadwin
Company Number
02780841 (England and Wales)
Registered Office
Stewner Park Farm Marton Ulverston Cumbria LA12 0NR England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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Davis & Hadwin Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
52,143
16,395
Current assets
Debtors
5
26,123
22,093
Cash at bank and in hand
56,415
90,857
82,538
112,950
Creditors: amounts falling due within one year
6
(5,068)
(21,904)
Net current assets
77,470
91,046
Total assets less current liabilities
129,613
107,441
Provisions for liabilities
Deferred tax
(9,115)
(3,115)
Net assets
120,498
104,326
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
118,498
102,326
Shareholders' funds
120,498
104,326
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2025 and were signed on its behalf by
Philip Hadwin Director Company Registration No. 02780841
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Davis & Hadwin Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Davis & Hadwin Limited is a private company, limited by shares, registered in England and Wales, registration number 02780841. The registered office is Stewner Park Farm, Marton , Ulverston, Cumbria, LA12 0NR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Davis & Hadwin Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
28,909
26,370
55,279
Additions
499
40,313
40,812
At 31 March 2025
29,408
66,683
96,091
Depreciation
At 1 April 2024
16,033
22,851
38,884
Charge for the year
3,344
1,720
5,064
At 31 March 2025
19,377
24,571
43,948
Net book value
At 31 March 2025
10,031
42,112
52,143
At 31 March 2024
12,876
3,519
16,395
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
21,696
21,209
Accrued income and prepayments
677
884
Other debtors
3,750
-
26,123
22,093
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
2,959
Trade creditors
537
1,830
Taxes and social security
920
500
Loans from directors
2,190
15,182
Accruals
1,421
1,433
5,068
21,904
7
Transactions with related parties
Included within creditors is an amount due to the director of £2,190 (2024: £15,182). No interest has been charged on this balance.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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