Davis & Sons Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06300965

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Davis & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Davis

L R Davis

REGISTERED OFFICE:

Office 3

Kings Head Centre

38 High Street

Maldon

Essex

CM9 5PN

REGISTERED NUMBER:

06300965

ACCOUNTANTS:

Townsend & Co Accountants Limited

Office 3

Kings Head Centre

38 High Street

Maldon

Essex

CM9 5PN

FIXED ASSETS

Intangible assets

3

11,100

11,100

Tangible assets

4

3,500

3,500

14,600

14,600

CURRENT ASSETS

Cash at bank

2,405

15,676

CREDITORS

Amounts falling due within one year

5

14,047

26,534

NET CURRENT LIABILITIES

(11,642

)

(10,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,958

3,742

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,956

3,740

SHAREHOLDERS' FUNDS

2,958

3,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 April 2019 and were signed on its behalf by:

M Davis - Director

1.	STATUTORY INFORMATION

Davis & Sons Limited is a private company, limited by shares , registered in Not specified/Other.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 0, is being amortised evenly over its estimated useful life of nil 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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

11,100

NET BOOK VALUE

At 31 July 2018

11,100

At 31 July 2017

11,100

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

3,500

NET BOOK VALUE

At 31 July 2018

3,500

At 31 July 2017

3,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

83

-

Taxation and social security

64

1,924

Other creditors

13,900

24,610

14,047

26,534