REGISTERED NUMBER: 09423340 (England and Wales)

I R & H E Davey Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

I R Davey

Mrs H E Davey

REGISTERED OFFICE:

Penquite Park

Trerulefoot

Saltash

Cornwall

PL12 5BN

REGISTERED NUMBER:

09423340 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

FIXED ASSETS

Tangible assets

4

501,422

500,911

CURRENT ASSETS

Stocks

722,283

552,644

Debtors

5

308,789

229,234

Cash at bank

-

26,170

1,031,072

808,048

CREDITORS

Amounts falling due within one year

6

868,127

800,131

NET CURRENT ASSETS

162,945

7,917

TOTAL ASSETS LESS CURRENT LIABILITIES

664,367

508,828

CREDITORS

Amounts falling due after more than one year

7

(225,965

)

(263,695

)

PROVISIONS FOR LIABILITIES

(94,474

)

(87,162

)

NET ASSETS

343,928

157,971

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Profit and loss account

342,928

156,971

SHAREHOLDERS' FUNDS

343,928

157,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

Mrs H E Davey - Director

1.	STATUTORY INFORMATION

I R & H E Davey Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tenants improvements

-

Straight line over 15 years

Plant and machinery

-

25% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Tenants

Plant and

Motor

improvements

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2025

435,402

729,722

38,090

1,203,214

Additions

52,767

54,817

24,500

132,084

Disposals

-

(24,891

)

-

(24,891

)

At 30 April 2026

488,169

759,648

62,590

1,310,407

DEPRECIATION

At 1 May 2025

283,139

396,412

22,752

702,303

Charge for year

31,643

88,366

4,858

124,867

Eliminated on disposal

-

(18,185

)

-

(18,185

)

At 30 April 2026

314,782

466,593

27,610

808,985

NET BOOK VALUE

At 30 April 2026

173,387

293,055

34,980

501,422

At 30 April 2025

152,263

333,310

15,338

500,911

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2025

and 30 April 2026

73,950

DEPRECIATION

At 1 May 2025

27,693

Charge for year

11,565

At 30 April 2026

39,258

NET BOOK VALUE

At 30 April 2026

34,692

At 30 April 2025

46,257

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

142,997

65,574

Other debtors

165,792

163,660

308,789

229,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

63,860

39,709

Hire purchase contracts

10,112

29,842

Trade creditors

76,638

88,272

Taxation and social security

58,597

40,822

Other creditors

658,920

601,486

868,127

800,131

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

225,965

253,189

Hire purchase contracts

-

10,506

225,965

263,695

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

38,628

-

Bank loans

251,197

292,898

289,825

292,898

The bank loan is secured by way of a fixed and floating charge over the property of the company.

9.	RELATED PARTY DISCLOSURES