Davies Brothers Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06159518 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

DAVIES BROTHERS CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Davies

JM Davies

C Davies

SECRETARY:

N M Davies

REGISTERED OFFICE:

Cross Lane

Llangollen

Denbighshire

LL20 8HU

REGISTERED NUMBER:

06159518 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

4

40,000

60,000

Tangible assets

5

22,743

27,633

Investment property

6

726,750

424,000

789,493

511,633

CURRENT ASSETS

Stocks

7

373,500

377,625

Debtors

8

390,210

261,452

Cash at bank

184,386

451,832

948,096

1,090,909

CREDITORS

Amounts falling due within one year

9

333,340

347,182

NET CURRENT ASSETS

614,756

743,727

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,404,249

1,255,360

PROVISIONS FOR LIABILITIES

10

33,763

34,985

NET ASSETS

1,370,486

1,220,375

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

1,370,483

1,220,372

SHAREHOLDERS' FUNDS

1,370,486

1,220,375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2026 and were signed on its behalf by:

N M Davies - Director

1.	STATUTORY INFORMATION

Davies Brothers Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2007, is being amortised evenly over its estimated useful life of twenty 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

400,000

AMORTISATION

At 1st November 2024

340,000

Amortisation for year

20,000

At 31st October 2025

360,000

NET BOOK VALUE

At 31st October 2025

40,000

At 31st October 2024

60,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1st November 2024

75,742

81,100

13,509

170,351

Additions

1,674

-

795

2,469

At 31st October 2025

77,416

81,100

14,304

172,820

DEPRECIATION

At 1st November 2024

59,259

72,382

11,077

142,718

Charge for year

4,540

2,179

640

7,359

At 31st October 2025

63,799

74,561

11,717

150,077

NET BOOK VALUE

At 31st October 2025

13,617

6,539

2,587

22,743

At 31st October 2024

16,483

8,718

2,432

27,633

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

424,000

Additions

302,750

At 31st October 2025

726,750

NET BOOK VALUE

At 31st October 2025

726,750

At 31st October 2024

424,000

7.

STOCKS

31.10.25

31.10.24

£

Stocks

1,000

Work-in-progress

372,500

376,625

373,500

377,625

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

100,768

10,211

Other debtors

283,273

244,527

Prepayments

6,169

6,714

390,210

261,452

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade creditors

86,866

63,653

Tax

58,350

52,888

Social security and other taxes

45,252

42,182

Other creditors

212

-

Directors' current accounts

106,563

148,480

Accrued expenses

36,097

39,979

333,340

347,182

10.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

Deferred tax

Accelerated capital allowances

5,687

6,909

Other timing differences

28,076

33,763

34,985

Deferred

tax

£

Balance at 1st November 2024

34,985

Movement in the year due to:-

Changes in tax rates

Changes in tax allowances

(1,222

)

Fair value gains

Balance at 31st October 2025

33,763

11.	CAPITAL COMMITMENTS

31.10.25

31.10.24

£

Contracted but not provided for in the

financial statements

-