Davies Driver Hire Limited - Filleted accounts

Registered number

04517353

Davies Driver Hire Limited

Unaudited Filleted Accounts

31 March 2025

Davies Driver Hire Limited
Registered number:		04517353
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		209,649			192,221

Current assets
Stocks		150			150
Debtors	4	33,842			39,483
Cash at bank and in hand		167,884			22,529
		201,876			62,162

Creditors: amounts falling due within one year	5	(322,787)			(118,064)

Net current liabilities			(120,911)			(55,902)

Total assets less current liabilities			88,738			136,319

Creditors: amounts falling due after more than one year	6		(2,000)			(58,833)

Provisions for liabilities			(39,757)			(36,446)


Net assets			46,981			41,040

Capital and reserves
Called up share capital			1			1
Profit and loss account			46,980			41,039

Shareholders' funds			46,981			41,040

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Gareth Davies
Director
Approved by the board on 8 December 2025

Davies Driver Hire Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of service provided to customers.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance
	Motor vehicle	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	10,045		272,805		282,850
	Additions	9,714		167,681		177,395
	Disposals	(1,900)		(204,646)		(206,546)
	At 31 March 2025	17,859		235,840		253,699

	Depreciation
	At 1 April 2024	4,548		86,081		90,629
	Charge for the year	1,441		44,958		46,399
	On disposals	(620)		(92,358)		(92,978)
	At 31 March 2025	5,369		38,681		44,050

	Net book value
	At 31 March 2025	12,490		197,159		209,649
	At 31 March 2024	5,497		186,724		192,221


4	Debtors			2025		2024
£					£

	Trade debtors			29,362		32,596
	Other debtors			4,480		6,887
				33,842		39,483


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			6,000		6,000
	Obligations under finance lease and hire purchase contracts			-		57,411
	Trade creditors			948		2,494
	Taxation and social security costs			29,303		6,906
	Other creditors			286,536		45,253
				322,787		118,064




6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,000		8,000
	Obligations under finance lease and hire purchase contracts			-		50,833
				2,000		58,833


7	Other information

	Davies Driver Hire Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Top House Farm
	Woolston
	Oswestry
	Shropshire
	SY10 8HZ