Davison Labour Supply Limited 31/12/2024 iXBRL

Company registration number: 08264556

Davison Labour Supply Limited

Pages for filing with Registrar

31 December 2024

Davison Labour Supply Limited

Contents

Statement of financial position

Notes to the financial statements

Davison Labour Supply Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Current assets
Stocks		19,800		12,500
Debtors	5	160,095		156,858
Cash at bank and in hand		2,348		3,708
		_______		_______
		182,243		173,066
Creditors: amounts falling due
within one year	6	( 188,815)		( 166,767)
		_______		_______
Net current (liabilities)/assets			( 6,572)		6,299
			_______		_______
Total assets less current liabilities			( 6,572)		6,299

Creditors: amounts falling due
after more than one year	7		( 7,814)		( 18,133)
			_______		_______
Net liabilities			( 14,386)		( 11,834)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 14,388)		( 11,836)
			_______		_______
Shareholders deficit			( 14,386)		( 11,834)
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr G Davison

Director

Company registration number: 08264556

Davison Labour Supply Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Grainger Suite, Dobson House, Regent Centre, Newcastle upon Tyne, NE3 3PF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director of the company is satisfied that there are no material uncertainties concerning the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements continue to be prepared on the going concern basis.

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 from 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 from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	93,695	90,458
Other debtors	66,400	66,400
	_______	_______
	160,095	156,858
	_______	_______

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,336	10,081
Trade creditors	1,546	942
Social security and other taxes	13,990	10,271
Other creditors	162,943	145,473
	_______	_______
	188,815	166,767
	_______	_______

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	7,814	18,133
	_______	_______

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Tara Davison Developments Limited	-	6,010	66,400	66,400
Davison Contracts Limited	( 13,706)	( 16,692)	( 67,508)	( 53,802)
Gary Davison Construction Limited	-	-	( 132)	( 132)
	_______	_______	_______	_______

Significant company shareholders are also shareholders of Tara Davison Developments Limited: Davison Contracts Limited and Gary Davison Contracts Limited.All of the above balances are interest free and repayable on demand.