Company registration number 02917771 (England and Wales)
DAVIES INTERNATIONAL TRANSPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
DAVIES INTERNATIONAL TRANSPORT LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
DAVIES INTERNATIONAL TRANSPORT LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2026
30 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
3,643,387
3,857,045
Current assets
Inventories
5,191
11,883
Trade and other receivables
5
556,031
585,317
Cash and cash equivalents
1,724,249
1,776,932
2,285,471
2,374,132
Current liabilities
6
(1,098,046)
(1,047,258)
Net current assets
1,187,425
1,326,874
Total assets less current liabilities
4,830,812
5,183,919
Non-current liabilities
7
(1,068,217)
(1,389,073)
Provisions for liabilities
9
(149,389)
(191,738)
Net assets
3,613,206
3,603,108
Equity
Called up share capital
10
10,529
10,529
Revaluation reserve
393,500
408,894
Retained earnings
3,209,177
3,183,685
Total equity
3,613,206
3,603,108

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 20 August 2026 and are signed on its behalf by:
Mr S J Davies
Director
Company Registration No. 02917771
DAVIES INTERNATIONAL TRANSPORT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2026
- 2 -
Share capital
Revaluation reserve
Retained earnings
Total
Notes
£
£
£
£
Balance at 1 May 2024
10,529
424,288
3,188,112
3,622,929
Year ended 30 April 2025:
Profit and total comprehensive income
-
-
570,734
570,734
Dividends
-
-
(590,555)
(590,555)
Transfers
-
(15,394)
15,394
-
Balance at 30 April 2025
10,529
408,894
3,183,685
3,603,108
Year ended 30 April 2026:
Profit and total comprehensive income
-
-
341,988
341,988
Dividends
-
-
(331,890)
(331,890)
Transfers
-
(15,394)
15,394
-
Balance at 30 April 2026
10,529
393,500
3,209,177
3,613,206
DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 3 -
1
Accounting policies
Company information

Davies International Transport Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Quay, 30 Channel Way, Ocean Village, Southampton, Hampshire, SO14 3TG.

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
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of services is recognised when the terms of the contract are substantively complete.

1.4
Property, plant and equipment

Plant and equipment is measured at cost , net of depreciation and any impairment losses.

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

Leasehold land and buildings
2% per annum on straight line basis
Plant and machinery
25% per annum on reducing balance basis
Fixtures and fittings
25% per annum on reducing balance basis
Lorry and trailer fleet
25% per annum on reducing balance basis

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
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

1.6
Inventories

Inventories are stated at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its realisable value is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and when applicable bank overdrafts. When applicable, b a nk overdrafts are shown within borrowings in current liabilities.

1.8
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 statement of financial position 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.

Basic financial assets

Basic financial assets classified as recoverable within one year, which include trade and other receivables and cash and bank balances, are initially measured at transaction price.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities classified as payable within one year, including trade payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables classified as payable within one year are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
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 income statement because it excludes items of income or expense that are taxable or deductible in other years (timing differences) and it further excludes items that are never taxable or deductible (permanent differences). 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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 income statement. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees and directors. Contributions payable are charged to the profit and loss account in the year they are payable.

DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 6 -
1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement on a straight line basis.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

3
Employees

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

2026
2025
Number
Number
Total
17
15
DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 7 -
4
Property, plant and equipment
Leasehold land and buildings
Plant and machinery
Fixtures and fittings
Fleet
Total
£
£
£
£
£
Cost or valuation
At 1 May 2025
3,100,000
130,172
159,649
1,936,760
5,326,581
Additions
-
0
1,900
8,821
-
0
10,721
Disposals
-
0
-
0
(7,808)
-
0
(7,808)
At 30 April 2026
3,100,000
132,072
160,662
1,936,760
5,329,494
Depreciation and impairment
At 1 May 2025
92,359
86,776
92,022
1,198,379
1,469,536
Depreciation charged in the year
30,786
9,842
15,966
164,846
221,440
Eliminated in respect of disposals
-
0
-
0
(4,869)
-
0
(4,869)
At 30 April 2026
123,145
96,618
103,119
1,363,225
1,686,107
Carrying amount
At 30 April 2026
2,976,855
35,454
57,543
573,535
3,643,387
At 30 April 2025
3,007,641
43,396
67,627
738,381
3,857,045

The property was revalued to £3,100,000 on 17 January 2022 by Moses Rutland, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

Buildings are carried at valuation. If buildings were measured using the cost model, the carrying amounts would have been approximately £2,364,958 (2025 - £2,395,744), being cost £2,534,281 (2025 - £2,534,281) and depreciation £169,323 (2025 - £138,537).

5
Trade and other receivables
2026
2025
Amounts falling due within one year:
£
£
Trade receivables
437,184
534,087
Other receivables
118,847
51,230
556,031
585,317
DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 8 -
6
Current liabilities
2026
2025
£
£
Bank loans
105,031
101,924
Trade payables
370,843
185,688
Corporation tax
167,631
256,021
Other taxation and social security
148,940
21,658
Other payables
305,601
481,967
1,098,046
1,047,258

The bank loan is secured by way of a fixed and floating charge on the company's leasehold property and the plant and machinery contained therein.

Liabilities under HP and finance lease arrangements are secured on the assets concerned.

7
Non-current liabilities
2026
2025
£
£
Bank loans and overdrafts
1,038,729
1,143,848
Other payables
29,488
245,225
1,068,217
1,389,073
Creditors which fall due after five years are payable as follows:
Payable by instalments
586,825
704,800

The bank loan is secured by way of a fixed and floating charge on the company's leasehold property and the plant and machinery contained therein.

8
Finance lease obligations
2026
2025
Future minimum lease payments due under finance leases:
£
£
Within one year
215,736
221,299
In two to five years
29,488
245,225
245,224
466,524
DAVIES INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 9 -
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
149,389
191,738
=======
=======
2026
Movements in the year:
£
Liability at 1 May 2025
191,738
Credit to profit or loss
(42,349)
-------
Liability at 30 April 2026
149,389

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

10
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
527
527
527
527
Ordinary B shares of £1 each
10,000
10,000
10,000
10,000
Ordinary C and D shares of £1 each
2
2
2
2
10,529
10,529
10,529
10,529

The C and D shares rank pari passu with the A and B shares except they have no voting rights nor any rights in the event of a liquidation.

11
Directors' transactions

Dividends totalling £331,890 (2025 - £566,815) were paid in the year in respect of shares held by the company's directors.

12
Controlling party

The company is under the control of the directors.

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