J Davies & Co Commercials Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14737529

J Davies & Co Commercials Ltd

Filleted Unaudited Financial Statements

31 March 2026

J Davies & Co Commercials Ltd

Financial Statements

Year ended 31 March 2026

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 4

J Davies & Co Commercials Ltd

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	64,404	66,633

Current assets

Debtors	6	49,395	54,561
Cash at bank and in hand		20	3,764
		--------	--------
		49,415	58,325

Creditors: amounts falling due within one year	7	( 136,640)	( 150,525)
		---------	---------
Net current liabilities		( 87,225)	( 92,200)
		--------	--------
Total assets less current liabilities		( 22,821)	( 25,567)
		--------	--------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		( 22,822)	( 25,568)
		--------	--------
Shareholders deficit		( 22,821)	( 25,567)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 October 2026 , and are signed on behalf of the board by:

Ms C R Davies
Director

Company registration number: 14737529

J Davies & Co Commercials Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hamilton House, Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	2% straight line
Plant and machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: Nil).

5. Tangible assets

	Property Improvements	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2025	59,061	14,586	73,647
Additions	–	1,750	1,750
	--------	--------	--------
At 31 March 2026	59,061	16,336	75,397
	--------	--------	--------
Depreciation
At 1 April 2025	1,870	5,144	7,014
Charge for the year	1,181	2,798	3,979
	--------	--------	--------
At 31 March 2026	3,051	7,942	10,993
	--------	--------	--------
Carrying amount
At 31 March 2026	56,010	8,394	64,404
	--------	--------	--------
At 31 March 2025	57,191	9,442	66,633
	--------	--------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	39,499	20,015
Other debtors	9,896	34,546
	--------	--------
	49,395	54,561
	--------	--------

Other debtors include an amount of £nil (2025 - £nil) falling due after more than one year.

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	7,423	–
Trade creditors	42,624	69,547
Social security and other taxes	5,129	–
Other creditors	81,464	80,978
	---------	---------
	136,640	150,525
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Related party transactions

The company was under the control of Ms C R Davies throughout the current year and previous year by virtue of her 100% shareholding. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.