Davies Lewis Baker Limited 31/03/2025 iXBRL

Company registration number: 11546737

Davies Lewis Baker Limited

Unaudited filleted abridged financial statements

31 March 2025

Davies Lewis Baker Limited

Contents

Directors and other information

Accountant's report

Abridged statement of financial position

Notes to the financial statements

Davies Lewis Baker Limited

Directors and other information


	Directors	Mr M E Baker
		Mr D E Witchell


	Company number	11546737


	Registered office	31 Bridge Street
		Aberystwyth
		Ceredigion
		SY23 1QB


	Business address	31 Bridge Street
		Aberystwyth
		Ceredigion
		SY23 1QB


	Accountant	Davies Lewis Baker
		31 Bridge Street
		Aberystwyth
		Ceredigion
		SY23 1QB

Davies Lewis Baker Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Davies Lewis Baker Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Davies Lewis Baker Limited for the year ended 31 March 2025 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Davies Lewis Baker Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Davies Lewis Baker Limited and state those matters that we have agreed to state to the board of directors of Davies Lewis Baker Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Davies Lewis Baker Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Davies Lewis Baker Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Davies Lewis Baker Limited. You consider that Davies Lewis Baker Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Davies Lewis Baker Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Davies Lewis Baker

Chartered Certified Accountants

31 Bridge Street

Aberystwyth

Ceredigion

SY23 1QB

31 December 2025

Davies Lewis Baker Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	324,000		324,000
Tangible assets	6	14,859		11,476
Investments	7	84,430		84,430
		_______		_______
			423,289		419,906

Current assets
Stocks		200		200
Debtors		541,284		484,737
Cash at bank and in hand		235,500		211,315
		_______		_______
		776,984		696,252
Creditors: amounts falling due
within one year		( 318,110)		( 294,943)
		_______		_______
Net current assets			458,874		401,309
			_______		_______
Total assets less current liabilities			882,163		821,215

Creditors: amounts falling due
after more than one year			( 189,816)		( 234,706)

Provisions for liabilities			( 3,326)		( 2,395)

			_______		_______
Net assets			689,021		584,114
			_______		_______

Capital and reserves
Called up share capital			162,000		162,000
Profit and loss account			527,021		422,114
			_______		_______
Shareholder funds			689,021		584,114
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The member has 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 abridged statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Mr M E Baker

Director

Company registration number: 11546737

Davies Lewis Baker Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Bridge Street, Aberystwyth, Ceredigion, SY23 1QB.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover represents the amounts recoverable from clients for the provision of professional services during the year. Income is recognised based on the degree of completion of the relevant service which is assessed on the basis of time spent. Amounts recoverable from clients in excess of amounts invoiced are included as accrued income in debtors. Turnover includes direct recoverable expenses and disbursements incurred but excludes value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. No depreciation has been provided because the directors consider the current residual value to exceed the original cost of the goodwill.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stationery stock is measured at the lower of cost and estimated selling price.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.Government grants are recognised using the accrual model and the performance model.Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 18 ).

5. Intangible assets


		£
	Cost
	At 1 April 2024 and 31 March 2025	324,000
		_______
	Amortisation
	At 1 April 2024 and 31 March 2025	-
		_______
	Carrying amount
	At 31 March 2025	324,000
		_______
	At 31 March 2024	324,000
		_______

6. Tangible assets


		£
	Cost
	At 1 April 2024	42,215
	Additions	10,281
		_______
	At 31 March 2025	52,496
		_______
	Depreciation
	At 1 April 2024	30,739
	Charge for the year	6,898
		_______
	At 31 March 2025	37,637
		_______
	Carrying amount
	At 31 March 2025	14,859
		_______
	At 31 March 2024	11,476
		_______

7. Investments


		£
	Cost
	At 1 April 2024 and 31 March 2025	84,430
		_______
	Impairment
	At 1 April 2024 and 31 March 2025	-
		_______
	Carrying amount
	At 31 March 2025	84,430
		_______
	At 31 March 2024	84,430
		_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	8,200	8,412
Later than 1 year and not later than 5 years	14,120	18,987
Later than 5 years	573	-
	_______	_______
	22,893	27,399
	_______	_______

9. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Lewis Baker Limited	-	-	( 84,017)	( 51,941)
Cardigan Bay Properties Limited	-	-	55,303	57,303
	_______	_______	_______	_______

Lewis Baker Limited is a wholly owned subsidiary of Davies Lewis Baker Limited . Lewis Baker Limited ceased trading on 31st March 2023 when the trading activities transferred over to Davies Lewis Baker Limited . Cardigan Bay Properties Limited is owned by the directors of Davies Lewis Baker Limited . During the year the company paid for Office Rent totalling £ 18,000 (2024: £ 14,000 ) to Cardigan Bay Properties Limited. Mr Mark Baker received £ 6,000 in rent (2024: £ 6,000 ) and £ 31,100 (2024: £ 31,134 ) in dividends from Davies Lewis Baker Limited .

10. Controlling party

The company is controlled by its director and sole shareholder, Mr Mark Baker .