REGISTERED NUMBER: 07340557 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

G & M DAVIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs A Davies

Mrs M E Davies

M W Davies

Miss K E Davies

REGISTERED OFFICE:

The Paddock

Bryn Fynnon Farm, Forestry Road

Llanferres

Mold

Clwyd

CH7 5SH

REGISTERED NUMBER:

07340557 (England and Wales)

ACCOUNTANTS:

S P Kell Chartered Accountants

Unit 7a

Lon Parcwr Business Park

Ruthin

Denbighshire

LL15 1NJ

FIXED ASSETS

Intangible assets

4

17,666

26,999

Tangible assets

5

356,284

374,699

373,950

401,698

CURRENT ASSETS

Stocks

45,000

20,000

Debtors

6

58,972

100,835

Cash at bank

-

4,639

103,972

125,474

CREDITORS

Amounts falling due within one year

7

494,555

468,424

NET CURRENT LIABILITIES

(390,583

)

(342,950

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,633

)

58,748

CREDITORS

Amounts falling due after more than one year

8

(16,981

)

(33,159

)

PROVISIONS FOR LIABILITIES

(27,240

)

(36,716

)

NET LIABILITIES

(60,854

)

(11,127

)

CAPITAL AND RESERVES

Called up share capital

17

17

Retained earnings

(60,871

)

(11,144

)

SHAREHOLDERS' FUNDS

(60,854

)

(11,127

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 19 June 2026 and were signed on its behalf by:

M W Davies - Director

Miss K E Davies - Director

1.	STATUTORY INFORMATION

G & M Davies 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.

Turnover

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 2010, is being amortised evenly over its estimated useful life of fifteen 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.

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost, 20% on reducing balance and 10% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

160,000

AMORTISATION

At 1 January 2025

133,001

Charge for year

9,333

At 31 December 2025

142,334

NET BOOK VALUE

At 31 December 2025

17,666

At 31 December 2024

26,999

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,065,306

Additions

23,822

At 31 December 2025

1,089,128

DEPRECIATION

At 1 January 2025

690,607

Charge for year

42,237

At 31 December 2025

732,844

NET BOOK VALUE

At 31 December 2025

356,284

At 31 December 2024

374,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

49,261

32,986

Other debtors

9,711

67,849

58,972

100,835

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

63,909

57,103

Hire purchase contracts

21,462

14,571

Trade creditors

65,550

66,406

Taxation and social security

8,152

6,662

Other creditors

335,482

323,682

494,555

468,424

Other creditors include amounts owed to the directors of the company amounting to £313,233 (2024: £298,944). There are no defined repayment terms and no interest is charged. The directors aim to continue to support the company for the foreseeable future.

Hire purchase obligations included within creditors are payable over a period of up to 5 years. These will be

financed by cash generated from use of the assets.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

12,533

Hire purchase contracts

16,981

20,626

16,981

33,159

9.	RELATED PARTY DISCLOSURES

The company operates from premises owned by the directors. No charge is made for the use of the premises.

10.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the directors, who, between them, hold the issued voting capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G & M Davies Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that G & M Davies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of G & M Davies Limited. You consider that G & M Davies 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 financial statements of G & M Davies 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 financial statements.

S P Kell Chartered Accountants

Unit 7a

Lon Parcwr Business Park

Ruthin

Denbighshire

LL15 1NJ

19 June 2026