REGISTERED NUMBER: 05334921 (England and Wales)

DAVIES FINANCIAL LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2026 TO 31ST JULY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Smith

A H Browning

REGISTERED OFFICE:

5 Oldfield Road

Bocam Park

Pencoed

Bridgend

CF35 5LJ

REGISTERED NUMBER:

05334921 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

2,080

41,620

CURRENT ASSETS

Debtors

5

58,813

9,075

Cash at bank

247,644

162,139

306,457

171,214

CREDITORS

Amounts falling due within one year

6

105,770

58,339

NET CURRENT ASSETS

200,687

112,875

TOTAL ASSETS LESS CURRENT LIABILITIES

202,767

154,495

PROVISIONS FOR LIABILITIES

7

-

319

NET ASSETS

202,767

154,176

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

202,667

154,076

SHAREHOLDERS' FUNDS

202,767

154,176

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd November 2026 and were signed on its behalf by:

S J Smith - Director

1.	STATUTORY INFORMATION

Davies Financial 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.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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

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 period was 6 (2026 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2026

54,484

60,000

114,484

Disposals

(42,448

)

(60,000

)

(102,448

)

At 31st July 2026

12,036

-

12,036

DEPRECIATION

At 1st April 2026

51,264

21,600

72,864

Charge for period

215

2,560

2,775

Eliminated on disposal

(41,523

)

(24,160

)

(65,683

)

At 31st July 2026

9,956

-

9,956

NET BOOK VALUE

At 31st July 2026

2,080

-

2,080

At 31st March 2026

3,220

38,400

41,620

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Trade debtors

9,401

87

Directors' current accounts

31,457

-

Deferred tax asset

1,144

-

Prepayments

16,811

8,988

58,813

9,075

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Trade creditors

16,798

2,313

Corporation Tax

75,433

44,298

Social security and other taxes

3,484

6,099

Other creditors

4,039

5,004

Accrued expenses

6,016

625

105,770

58,339

7.	PROVISIONS FOR LIABILITIES

2026

£

Deferred tax

319

Deferred

tax

£

Balance at 1st April 2026

319

Provided during period

(1,463

)

Balance at 31st July 2026

(1,144

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2026

value:

£

£

102

Ordinary A

50p

51

51

94

Ordinary B

50p

47

47

4

Ordinary C

50p

2

2

100

100

9.	RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the period end due from J M Davies of £31,457.

10.	POST BALANCE SHEET EVENTS

After the balance sheet date, the Company was acquired by Shipman Group Holdings Limited.