DAVIES OF LAMPETER LTD


Director	DAVIES, Huw


Registered Address	Brynmeddyg
	Victoria Terrace
	Lampeter
	SA48 7DF


Registered Number	07911529 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		49,600		38,928
Tangible assets	4		153,713		146,373
			203,313		185,301
Current assets
Debtors		32,952		42,054
Cash at bank and on hand		45,949		55,198
		78,901		97,252
Creditors amounts falling due within one year	5	(160,441)		(161,775)
Net current assets (liabilities)			(81,540)		(64,523)
Total assets less current liabilities			121,773		120,778
Creditors amounts falling due after one year	6		(13,177)		(3,301)
Provisions for liabilities	7		(25,695)		(24,076)
Net assets			82,901		93,401
Capital and reserves
Called up share capital			100		100
Profit and loss account			82,801		93,301
Shareholders' funds			82,901		93,401

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 1 September 2026, and are signed on its behalf by:

DAVIES, Huw
Director
Registered Company No. 07911529

DAVIES OF LAMPETER LTD

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	These financial statements have been prepared on a going concern basis.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	10		10

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	38,928	38,928
Additions	10,672	10,672
At 31 March 26	49,600	49,600
Net book value
At 31 March 26	49,600	49,600
At 31 March 25	38,928	38,928

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	66,478	340,372	1,559	408,409
Additions	-	40,000	-	40,000
At 31 March 26	66,478	380,372	1,559	448,409
Depreciation and impairment
At 01 April 25	45,370	215,535	1,131	262,036
Charge for year	9,288	23,225	147	32,660
At 31 March 26	54,658	238,760	1,278	294,696
Net book value
At 31 March 26	11,820	141,612	281	153,713
At 31 March 25	21,108	124,837	428	146,373

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	7,253	10,422
Bank borrowings and overdrafts	15,576	10,648
Taxation and social security	894	6,372
Other creditors	134,782	132,471
Accrued liabilities and deferred income	1,936	1,862
Total	160,441	161,775


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	13,177	3,301
Total	13,177	3,301

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	25,695	24,076
Total	25,695	24,076

8.	Related party transactions
	As at the balance sheet date the company owed its director £101,498 (2021: £103,025). No interest is charged and the amount is repayable in full on demand.