REGISTERED NUMBER: 00737583 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

L.G. DAVIS (STATIONERS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Bowen

Ms E Smith

SECRETARY:

Ms E Smith

REGISTERED OFFICE:

46 Warstock Road

Kings Heath

Birmingham

West Midlands

B14 4TS

REGISTERED NUMBER:

00737583 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

123,772

65,435

Tangible assets

5

764,136

753,990

Investments

6

30,100

100

918,008

819,525

CURRENT ASSETS

Stocks

104,901

114,383

Debtors

7

531,632

497,284

Cash at bank and in hand

261,590

485,522

898,123

1,097,189

CREDITORS

Amounts falling due within one year

8

577,682

645,610

NET CURRENT ASSETS

320,441

451,579

TOTAL ASSETS LESS CURRENT LIABILITIES

1,238,449

1,271,104

CREDITORS

Amounts falling due after more than one year

9

(69,100

)

(9,878

)

PROVISIONS FOR LIABILITIES

(77,781

)

(71,471

)

NET ASSETS

1,091,568

1,189,755

CAPITAL AND RESERVES

Called up share capital

12

4,000

4,000

Retained earnings

1,087,568

1,185,755

SHAREHOLDERS' FUNDS

1,091,568

1,189,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 May 2026 and were signed on its behalf by:

Ms E Smith - Director

1.	STATUTORY INFORMATION

L.G. Davis (Stationers) 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.

The turnover shown in the Statement of Comprehensive Income represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill - 5 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% straight line

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

25% straight line

Motor vehicles

-

20% straight line

Computer equipment

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost or net realisable value. In respect if work in progress and finished goods, costs include all production overheads and the attributable proportion of indirect overhead expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit and loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

321,374

Additions

95,000

At 31 August 2025

416,374

AMORTISATION

At 1 September 2024

255,939

Amortisation for year

36,663

At 31 August 2025

292,602

NET BOOK VALUE

At 31 August 2025

123,772

At 31 August 2024

65,435

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

790,485

564,302

117,635

Additions

-

59,515

99

Disposals

-

(46,000

)

-

At 31 August 2025

790,485

577,817

117,734

DEPRECIATION

At 1 September 2024

342,708

317,620

115,225

Charge for year

15,809

35,655

1,431

Eliminated on disposal

-

(46,000

)

-

At 31 August 2025

358,517

307,275

116,656

NET BOOK VALUE

At 31 August 2025

431,968

270,542

1,078

At 31 August 2024

447,777

246,682

2,410

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

83,842

22,304

1,578,568

Additions

21,990

4,909

86,513

Disposals

-

-

(46,000

)

At 31 August 2025

105,832

27,213

1,619,081

DEPRECIATION

At 1 September 2024

38,988

10,037

824,578

Charge for year

17,135

6,337

76,367

Eliminated on disposal

-

-

(46,000

)

At 31 August 2025

56,123

16,374

854,945

NET BOOK VALUE

At 31 August 2025

49,709

10,839

764,136

At 31 August 2024

44,854

12,267

753,990

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

44,975

DEPRECIATION

At 1 September 2024

21,439

Charge for year

8,995

At 31 August 2025

30,434

NET BOOK VALUE

At 31 August 2025

14,541

At 31 August 2024

23,536

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 September 2024

100

Additions

30,000

At 31 August 2025

30,100

NET BOOK VALUE

At 31 August 2025

30,100

At 31 August 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

527,216

491,935

Directors' current accounts

487

487

Prepayments

3,929

4,862

531,632

497,284

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 10)

8,518

14,674

Trade creditors

357,125

401,386

Tax

33,326

111,456

Social security and other taxes

108,570

87,977

Directors' current accounts

203

203

Accrued expenses

69,940

29,914

577,682

645,610

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 10)

1,360

9,878

Amounts owed to group undertakings

67,740

-

69,100

9,878

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

8,518

14,674

Between one and five years

1,360

9,878

9,878

24,552

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

66,720

66,720

Between one and five years

111,045

177,765

177,765

244,485

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

9,878

24,552

Barcalys Bank hold fixed and floating charges over the undertaking and assets of both present and future of the Company, including Goodwill, Land, Plant, Machinery, Equipment and Intellectual Property.

Hire purchase liabilities are secured on the assets to which they relate.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

800

Ordinary

£1

800

800

294

Ordinary - A

£1

294

294

2,906

Ordinary - B

£1

2,906

2,906

4,000

4,000