REGISTERED NUMBER: 05721300 (England and Wales)

DAVWEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D N Nesbitt

Mrs R Nesbitt

Mrs K L Pugh

D A Nesbitt

SECRETARY:

Mrs R Nesbitt

REGISTERED OFFICE:

Sanremo

13 Trinity Square

Llandudno

CONWY

LL30 2RB

REGISTERED NUMBER:

05721300 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Intangible assets

4

-

6,080

Tangible assets

5

19,183

23,561

19,183

29,641

CURRENT ASSETS

Stocks

6

94,320

106,636

Debtors

7

24,977

12,999

Cash at bank and in hand

98,397

110,882

217,694

230,517

CREDITORS

Amounts falling due within one year

8

11,832

20,737

NET CURRENT ASSETS

205,862

209,780

TOTAL ASSETS LESS CURRENT LIABILITIES

225,045

239,421

CREDITORS

Amounts falling due after more than one year

9

-

829

NET ASSETS

225,045

238,592

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

224,945

238,492

SHAREHOLDERS' FUNDS

225,045

238,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 9 September 2026 and were signed on its behalf by:

D N Nesbitt - Director

1.	STATUTORY INFORMATION

Davwen 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.

Revenue recognition

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 2009, is being amortised evenly over an original estimated useful life of sixteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

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

Contributions paid during the year are charged to the profit and loss account.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade creditors and other creditors

Trade and other creditors are initially recognised at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

97,250

AMORTISATION

At 1 February 2025

91,170

Charge for year

6,080

At 31 January 2026

97,250

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

6,080

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

and 31 January 2026

1

85,851

13,500

7,393

106,745

DEPRECIATION

At 1 February 2025

-

70,353

5,906

6,925

83,184

Charge for year

-

2,325

1,898

155

4,378

At 31 January 2026

-

72,678

7,804

7,080

87,562

NET BOOK VALUE

At 31 January 2026

1

13,173

5,696

313

19,183

At 31 January 2025

1

15,498

7,594

468

23,561

6.

STOCKS

2026

2025

£

£

Stocks

94,320

106,636

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Other debtors

-

318

Directors' current accounts

8,863

-

Prepayments

2,542

2,286

11,405

2,604

Amounts falling due after more than one year:

Deferred tax asset

13,572

10,395

Aggregate amounts

24,977

12,999

The deferred tax asset relates to tax losses carried forward.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,506

7,767

Social security and other taxes

400

763

VAT

5,239

5,635

Other creditors

-

232

Accruals

3,687

6,340

11,832

20,737

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Directors' loan account

-

829

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is an amount owed to the company of £8,863 relating to overdrawn directors' loan accounts.

The overdrawn amount has been repaid post year end.