Lloyd Davenport Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

Lloyd Davenport Limited

Company Information

Directors

Mr T Delaney Mr D Thompson Mr B L Davenport Mr P Loosen Mr W J Fleming

Company secretary

Mr B L Davenport

Registered office

20 Kingfisher Court Hambridge Road NEWBURY Berkshire RG14 5SJ

Accountants

Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lloyd Davenport Limitedfor the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lloyd Davenport Limited for the year ended 30 November 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lloyd Davenport Limited, as a body, in accordance with the terms of our engagement letter dated 28 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Lloyd Davenport Limited and state those matters that we have agreed to state to the Board of Directors of Lloyd Davenport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lloyd Davenport Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lloyd Davenport Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lloyd Davenport Limited. You consider that Lloyd Davenport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lloyd Davenport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

26 August 2026

Lloyd Davenport Limited

(Registration number: 00943127)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	718,535	771,705
Current assets
Debtors	5	2,109,652	2,118,062
Cash at bank and in hand		1,388,347	1,038,815
		3,497,999	3,156,877
Creditors: Amounts falling due within one year	6	(1,378,437)	(1,425,126)
Net current assets		2,119,562	1,731,751
Total assets less current liabilities		2,838,097	2,503,456
Creditors: Amounts falling due after more than one year	6	(6,128)	(11,011)
Provisions for liabilities		(90,264)	(105,404)
Net assets		2,741,705	2,387,041
Capital and reserves
Called up share capital	8	1,500	1,500
Other reserves		1,500	1,500
Retained earnings		2,738,705	2,384,041
Shareholders' funds		2,741,705	2,387,041

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 26 August 2026 and signed on its behalf by:
 

Mr B L Davenport
Company secretary and director

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
20 Kingfisher Court
Hambridge Road
NEWBURY
Berkshire
RG14 5SJ

These financial statements were authorised for issue by the Board on 26 August 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

Amounts recoverable under contracts represent work done at the year end where a continuing right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

Tax

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

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 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 temporary 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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
Leasehold land and buildings	over 50 years straight line basis
Other land and buildings	over 10 years straight line basis
Plant and machinery	10% p.a. reducing balance basis
Fixtures, fittings and equipment	20% p.a reducing balance basis
Motor Vehicles	25% p.a reducing balance basis

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.

Trade 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

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.

Leases

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

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2024 - 32).

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost
At 1 December 2024	424,280	136,756	42,620	909,004	1,512,660
Additions	-	7,047	-	101,584	108,631
Disposals	-	-	-	(114,957)	(114,957)
At 30 November 2025	424,280	143,803	42,620	895,631	1,506,334
Depreciation
At 1 December 2024	89,871	104,393	18,440	528,251	740,955
Charge for the year	12,806	7,524	2,416	112,665	135,411
Eliminated on disposal	-	-	-	(88,567)	(88,567)
At 30 November 2025	102,677	111,917	20,856	552,349	787,799
Carrying amount
At 30 November 2025	321,603	31,886	21,764	343,282	718,535
At 30 November 2024	334,409	32,363	24,180	380,753	771,705

Included within the net book value of land and buildings above is £295,607 (2024 - £303,012) in respect of long leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	1,667,980	1,667,217
Prepayments	45,646	20,552
Other debtors	396,026	430,293
	2,109,652	2,118,062

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	2,840	11,360
Trade creditors		445,191	574,481
Taxation and social security		281,069	216,803
Accruals and deferred income		297,281	260,394
Other creditors		352,056	362,088
		1,378,437	1,425,126

Creditors include net obligations under hire purchase contracts which are secured on the assets to which they relate.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	-	2,840
Deferred income		6,128	8,171
		6,128	11,011

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	2,840

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	2,840	11,360

Other borrowings

Hire purchase is denominated in £ with a nominal interest rate of 0.00%. The carrying amount at year end is £2,840 (2024 - £14,200).

8	Share capital

Allotted, called up and fully paid shares

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

	2025		2024
	No.	£	No.	£
Ordinary share of £0.01 each	150,000	1,500	150,000	1,500

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil (2024 - £8.00) per each Ordinary share		-		1,200,000

Lloyd Davenport Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2025

10	Related party transactions

Loans from related parties

There is an overdrawn directors loan accounts amounting to £1,031 (2024:£803) included within other debtors.
 

11	Parent and ultimate parent undertaking

The ultimate controlling party is Mr B Davenport, a director and majority shareholder.