G.R. Davies & Family Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04697773 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

G.R. Davies & Family Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A N G Davies

Mr M J R Davies

REGISTERED OFFICE:

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

04697773 (England and Wales)

FIXED ASSETS

Tangible assets

4

494,166

488,334

CURRENT ASSETS

Stocks

5

151,778

178,886

Debtors

6

17,997

21,148

Cash at bank

116,991

51,396

286,766

251,430

CREDITORS

Amounts falling due within one year

7

584,614

554,590

NET CURRENT LIABILITIES

(297,848

)

(303,160

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,318

185,174

CREDITORS

Amounts falling due after more than one
year

8

(166,526

)

(177,631

)

PROVISIONS FOR LIABILITIES

(11,713

)

(13,028

)

NET ASSETS/(LIABILITIES)

18,079

(5,485

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

18,076

(5,488

)

SHAREHOLDERS' FUNDS

18,079

(5,485

)

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr M J R Davies - Director

1.	STATUTORY INFORMATION

G.R. Davies & Family 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

COST

At 1 April 2024

343,096

84,783

318,564

746,443

Additions

-

14,058

5,390

19,448

At 31 March 2025

343,096

98,841

323,954

765,891

DEPRECIATION

At 1 April 2024

-

12,322

245,787

258,109

Charge for year

-

1,889

11,727

13,616

At 31 March 2025

-

14,211

257,514

271,725

NET BOOK VALUE

At 31 March 2025

343,096

84,630

66,440

494,166

At 31 March 2024

343,096

72,461

72,777

488,334

5.

STOCKS

31.3.25

31.3.24

£

Closing livestock

141,895

158,826

Closing deadstock

9,883

20,060

151,778

178,886

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

4,902

2,651

VAT

3,367

11,586

Prepayments and accrued income

9,728

6,911

17,997

21,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

25,892

Trade creditors

28,453

14,039

Tax

285

-

Directors' current accounts

527,669

512,454

Accrued expenses

2,315

2,205

584,614

554,590

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

166,526

177,631

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mrs A N G Davies

Balance outstanding at start of year

(338,259

)

(324,904

)

Amounts advanced

12,666

14,330

Amounts repaid

(25,351

)

(27,685

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(350,944

)

(338,259

)

Mr M J R Davies

Balance outstanding at start of year

(174,194

)

(164,230

)

Amounts advanced

9,167

4,332

Amounts repaid

(11,696

)

(14,296

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(176,723

)

(174,194

)

The company rents the farm known as Parc Gwyn from the director for a rent of £5,200 per year.