Davis Industrial Plastics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02065631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

DAVIS INDUSTRIAL PLASTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Davis

Mrs C A Davis

W M Davis

SECRETARY:

Mrs C A Davis

REGISTERED OFFICE:

Dialog

Unit 1

Fleming Way

Crawley

West Sussex

RH10 9NQ

REGISTERED NUMBER:

02065631 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

70,270

89,338

Investments

6

100

70,370

89,438

CURRENT ASSETS

Stocks

7

512,391

521,449

Debtors

8

270,178

378,477

Cash at bank and in hand

1,836

6,778

784,405

906,704

CREDITORS

Amounts falling due within one year

9

669,964

798,103

NET CURRENT ASSETS

114,441

108,601

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,811

198,039

CREDITORS

Amounts falling due after more than one year

10

113,192

144,054

NET ASSETS

71,619

53,985

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

71,519

53,885

71,619

53,985

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 July 2026 and were signed on its behalf by:

G Davis - Director

1.	STATUTORY INFORMATION

Davis Industrial Plastics 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1986, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 good 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.

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.

Hire purchase and leasing commitments

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

Going concern

The financial statements have been prepared on a going concern basis.

Other borrowings

The directors have jointly and severally provided personal guarantees of £100,000 in respect of other borrowings.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

100,375

AMORTISATION

At 1 November 2024

and 31 October 2025

100,375

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

to

and

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

COST

At 1 November 2024

and 31 October 2025

7,593

133,787

110,025

113,404

364,809

DEPRECIATION

At 1 November 2024

6,851

117,631

52,968

98,021

275,471

Charge for year

74

2,423

14,264

2,307

19,068

At 31 October 2025

6,925

120,054

67,232

100,328

294,539

NET BOOK VALUE

At 31 October 2025

668

13,733

42,793

13,076

70,270

At 31 October 2024

742

16,156

57,057

15,383

89,338

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

100

NET BOOK VALUE

At 31 October 2025

100

At 31 October 2024

100

7.

STOCKS

2025

2024

£

Stocks

512,391

521,449

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

250,116

335,493

Other debtors

20,062

42,984

270,178

378,477

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

237,319

325,136

Trade creditors

284,227

359,998

Amounts owed to group undertakings

1,060

Taxation and social security

48,192

42,826

Other creditors

99,166

69,083

669,964

798,103

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

6,478

Other creditors

113,192

137,576

113,192

144,054