Davies Products (Liverpool) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00440295 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Davies Products (Liverpool) Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

510,675

510,765

Investments

5

503

511,178

511,268

CURRENT ASSETS

Stocks

766,309

614,055

Debtors

368,887

161,015

Cash at bank

561,289

998,235

1,696,485

1,773,305

CREDITORS

Amounts falling due within one year

215,928

228,828

NET CURRENT ASSETS

1,480,557

1,544,477

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,991,735

2,055,745

CREDITORS

Amounts falling due after more than one
year

83,333

123,333

NET ASSETS

1,908,402

1,932,412

CAPITAL AND RESERVES

Called up share capital

136,245

Revaluation reserve

7

246,717

Capital redemption reserve

138,755

Retained earnings

1,386,685

1,410,695

SHAREHOLDERS' FUNDS

1,908,402

1,932,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

G L Davies - Director

1.	STATUTORY INFORMATION

Davies Products (Liverpool) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00440295

Registered office:

Alsol House

Laburnum Place

Litherland Road

Liverpool

L20 3NE

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the amount of sales invoiced to customers net of value added tax and discounts allowed during the year.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are stated by the directors at the lower of cost and net realisable value determined on a first in, first out basis.

Pension costs and other post-retirement benefits

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.

Operating leases

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

735,380

DEPRECIATION

At 1 January 2024

224,615

Charge for year

90

At 31 December 2024

224,705

NET BOOK VALUE

At 31 December 2024

510,675

At 31 December 2023

510,765

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 1988

66,232

Valuation in 2004

280,483

Valuation in 2006

(100,000

)

Cost

488,665

735,380

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

153,285

Freehold property was valued on an open market basis basis on 28 February 2007 by Edmund Kirby, Property Consultants. .

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

503

NET BOOK VALUE

At 31 December 2024

503

At 31 December 2023

503

6.	SECURED DEBTS

The company's bank borrowings are secured by a debenture over the assets of the company and by fixed charges over the freehold property.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

246,717