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Company registration number: 08735622

Davey Roofing Southern Limited
(formerly Davey Roofing South West Limited)
Filleted Annual Report and Financial Statements
for the Year Ended 31 December 2025

Davey Roofing Southern Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 7

Davey Roofing Southern Limited

(Registration number: 08735622)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 367,919 | 149,823
Current assets |  |  |
Stocks | 5 | 11,418 | 26,945
Debtors | 6 | 828,082 | 900,028
Cash at bank and in hand |  | 1,042,638 | 803,265
|  | 1,882,138 | 1,730,238
Creditors: Amounts falling due within one year | 7 | (680,832) | (778,042)
Net current assets |  | 1,201,306 | 952,196
Total assets less current liabilities |  | 1,569,225 | 1,102,019
Provisions for liabilities |  |  |
Deferred tax liabilities |  | (90,613) | (27,548)
Net assets |  | 1,478,612 | 1,074,471
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 1,478,512 | 1,074,371
Total equity |  | 1,478,612 | 1,074,471

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:

D R Jones Director | L R H Davey Director |

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Davey Roofing South West Limited.

The address of its registered office is:
Willow House
Artillery Road
Lufton Trading Estate
Yeovil
Somerset
BA22 8RP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover recognition

Turnover and costs arising from construction contracts are recognised in the profit and loss when the outcome of a construction contract can be estimated reliably. Both turnover and expenses are measured by reference to the stage of completion of the contract. The stage of completion of the contract at the end of the reporting period is measured by way of surveys of work performed.
When the outcome of a construction contract can not be reliably estimated turnover is only recognised to the extent that it is probable that contract costs will be recovered. All contract costs are then recognised as an expense as incurred.
When it is probable that contract costs will exceed total contract turnover, the expected loss on the contract is recognised as an expense and a corresponding provision recognised for the onerous contract.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance
Motor vehicles | 25% reducing balance
Leasehold improvements | Over the life of the lease

Goodwill

Goodwill is amortised over its useful life, which is considered to be five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 33 (2024 - 26).

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 15,029 | 259,750 | 36,344 | 311,123
Additions | - | 266,056 | 55,256 | 321,312
Disposals | - | (79,637) | (4,092) | (83,729)
At 31 December 2025 | 15,029 | 446,169 | 87,508 | 548,706
Depreciation
At 1 January 2025 | 11,632 | 131,234 | 18,434 | 161,300
Charge for the year | 795 | 68,408 | 18,334 | 87,537
Eliminated on disposal | - | (65,331) | (2,719) | (68,050)
At 31 December 2025 | 12,427 | 134,311 | 34,049 | 180,787
Carrying amount
At 31 December 2025 | 2,602 | 311,858 | 53,459 | 367,919
At 31 December 2024 | 3,397 | 128,516 | 17,910 | 149,823

Included within the net book value of land and buildings above is £2,602 (2024 - £3,397) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 11,418 | 26,945

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 497,181 | 661,908
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 75 | 75
Other debtors | 330,826 | 238,045
| 828,082 | 900,028

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 177,142 | 155,670
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 149,561 | 298,634
Taxation and social security |  | 215,897 | 241,286
Accruals and deferred income |  | 131,651 | 80,085
Other creditors |  | 6,581 | 2,367
|  | 680,832 | 778,042

8 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend |  | 469,999 |  | 656,999

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £179,515 (2024 - £196,873).

Davey Roofing Southern Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

10 | Related party transactions

Summary of transactions with subsidiaries

During the year the company made sales to and purchases from D R Jones Limited a fellow subsidiary of £1,502,040 and £18,000 (2024 - £1,162,734 and 156,708) respectively. At the year end the company owed £149,561 (2024 - £298,634) to D R Jones Limited.

Summary of transactions with other related parties

D R Jones SSAS, a pension scheme of a director
During the year rent of £30,500 (2024 - £30,000) was paid to the D R Jones SASS.

11 | Parent and ultimate parent undertaking

The company's immediate parent is Jones Building Group Limited, incorporated in England and Wales.
The ultimate controlling party is D R Jones.

12 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 15 July 2026 was Joseph Doggrell BSc (Hons) FCA, who signed for and on behalf of Albert Goodman LLP.