ACCOUNTS - Final Accounts

J J & C A S DAVIES LIMITED

UNAUDITED

DIRECTORS' REPORT AND ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Registered number: 5741543


J J & C A S DAVIES LIMITED REGISTERED NUMBER:5741543

ABRIDGED BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		445,761		419,071
Current assets
Stocks		500		500
Debtors		35,555		33,736
Cash at bank and in hand		149,833		244,073
		185,888		278,309
Creditors: amounts falling due within one year		(26,248)		(74,559)
Net current assets			159,640		203,750
Total assets less current liabilities			605,401		622,821
Provisions for liabilities
Deferred tax			(34,508)		(26,318)
Net assets			570,893		596,503

Capital and reserves
Called up share capital	100	100
Profit and loss account	570,793	596,403
	570,893	596,503

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J J & C A S DAVIES LIMITED REGISTERED NUMBER:5741543

ABRIDGED BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.

The members have agreed to the preparation of abridged accounts for the accounting period in accordance with Section 444(2A) of the Companies Act 2006. The abridged financial statements have been prepared 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 abridged financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The abridged financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2025.

C A S Davies

Director

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J J & C A S DAVIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

J J & C A S Davies Limited is a private company limited by shares, incorporated in England and Wales. The company's registered office and principal place of business is Woodend, Hall Road, Cromer, Norfolk, NR27 9JQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The abridged financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of sales of shellfish and fish during the year, exclusive of Value Added Tax.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives. A full years depreciation charge is provided in the year of acquisition and none in the year of disposal. Freehold land is not depreciated.

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Plant and machinery	-	25%	reducing balance
Fishing boat	-	10%	reducing balance

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value.

2.5

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

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J J & C A S DAVIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

2.8

Creditors

Creditors are measured at the transaction price.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.10

Interest income

Interest income is recognised in the Statement of Comprehensive Income in the year in which it is received.

2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

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J J & C A S DAVIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.13

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.

The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.

Employees

The average monthly number of employees, including directors, during the year was 14 (2024 - 14).

4.	Tangible fixed assets

	Freehold property	Plant & machinery	Fishing boat	Total
	£	£	£	£
Cost
At 1 April 2024	331,481	254,459	112,217	698,157
Additions	-	74,398	-	74,398
Disposals	-	(18,850)	-	(18,850)
At 31 March 2025	331,481	310,007	112,217	753,705
Depreciation
At 1 April 2024	18,337	174,202	86,547	279,086
Charge for the year on owned assets	6,030	38,514	2,567	47,111
Disposals	-	(18,253)	-	(18,253)
At 31 March 2025	24,367	194,463	89,114	307,944
Net book value
At 31 March 2025	307,114	115,544	23,103	445,761
At 31 March 2024	313,144	80,257	25,670	419,071

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