Company registration number 01249053 (England and Wales)
JIM DAVIES CIVIL ENGINEERING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
JIM DAVIES CIVIL ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
JIM DAVIES CIVIL ENGINEERING LIMITED
BALANCE SHEET
AS AT
1 JANUARY 2026
01 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,804,514
1,837,017
Current assets
Stocks
4,125
3,980
Debtors
5
414,647
975,300
Cash at bank and in hand
3,982,268
2,825,698
4,401,040
3,804,978
Creditors: amounts falling due within one year
6
(1,297,071)
(816,908)
Net current assets
3,103,969
2,988,070
Total assets less current liabilities
4,908,483
4,825,087
Provisions for liabilities
(397,211)
(388,990)
Net assets
4,511,272
4,436,097
Capital and reserves
Called up share capital
7
18,830
18,830
Profit and loss reserves
4,492,442
4,417,267
Total equity
4,511,272
4,436,097

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
Mr D J Davies
Director
Company registration number 01249053 (England and Wales)
JIM DAVIES CIVIL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Jim Davies Civil Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ty Gwyn, Banalog Terrace, Hollybush, Blackwood, Gwent, United Kingdom, NP12 0SG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% on reducing balance
Fixtures, fittings & equipment
10% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

JIM DAVIES CIVIL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

JIM DAVIES CIVIL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2026
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Construction contracts

Revenue and costs arising from construction accounts are determined by the directors' assessment of both the progress of the contract at the reporting date and the estimated outcome of the contract. When reliable estimates can be made of both, profits are recognised in the Profit & Loss Account based on the proportion of work already undertaken.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
17
18
JIM DAVIES CIVIL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2026
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 2 January 2025
1,629,811
43,462
1,144,984
2,818,257
Additions
309,550
1,930
113,677
425,157
Disposals
(102,500)
-
0
(52,529)
(155,029)
At 1 January 2026
1,836,861
45,392
1,206,132
3,088,385
Depreciation and impairment
At 2 January 2025
543,059
27,520
410,661
981,240
Depreciation charged in the year
179,608
1,596
181,580
362,784
Eliminated in respect of disposals
(33,632)
-
0
(26,521)
(60,153)
At 1 January 2026
689,035
29,116
565,720
1,283,871
Carrying amount
At 1 January 2026
1,147,826
16,276
640,412
1,804,514
At 1 January 2025
1,086,752
15,942
734,323
1,837,017
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
335,354
4,458
Amounts recoverable on contracts
40,000
107,000
Amounts owed by group undertakings
-
0
827,842
Other debtors
8,293
-
0
Prepayments and accrued income
31,000
36,000
414,647
975,300
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
139,076
229,117
Amounts owed to group undertakings
416,573
-
0
Corporation tax
450,478
322,076
Other taxation and social security
261,887
244,743
Other creditors
29,057
20,972
1,297,071
816,908
JIM DAVIES CIVIL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 JANUARY 2026
- 6 -
7
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
18,730 Class E shares of £1 each
18,730
18,730
18,830
18,830
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 1 January 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Paul Byett
Statutory Auditor:
UHY Hacker Young
Date of audit report:
8 June 2026
9
Related party transactions

At the year end, there was £416,573 (2025: £827,842 due from) due to Jim Davies Holdings Limited, the ultimate parent company. This amount is included in creditors amounts falling due within one year.

10
Parent company and ultimate controlling party

In the opinion of the directors, the ultimate parent company is Jim Davies Holdings Limited; a company incorporated in Great Britain and registered in England and Wales.

The ultimate controlling party is Mr J P Davies and Mrs W Davies by virtue of their shareholding in Jim Davies Holdings Limited.

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