Davies Salvage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07805491 (England and Wales)

Davies Salvage Limited

Unaudited Financial Statements

for the Year Ended 31 October 2019

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

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 Statement of financial position. Readers are cautioned that the Income

statement is 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 Davies Salvage Limited for the year ended 31 October 2019 which comprise the

Income statement, Statement of financial position 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 Davies Salvage Limited, as a body, in accordance with the terms of our engagement letter dated 24 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Davies Salvage Limited and state those matters that we have agreed to state to the Board of Directors of Davies Salvage 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 Davies Salvage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Davies Salvage 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 profit of Davies Salvage Limited. You consider that Davies Salvage 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 Davies Salvage 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.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

13 July 2020

Fixed assets

87,248

83,237

Current assets

161,209

90,022

Creditors

Amounts falling due within one year

(162,149

)

(95,706

)

Net current liabilities

(940

)

(5,684

)

Total assets less current liabilities

86,308

77,553

Creditors

Amounts falling due after more than one year

(28,221

)

(29,004

)

Accruals and deferred income

(2,415

)

(2,400

)

Net assets

55,672

46,149

Capital and reserves

55,672

46,149

Notes to the financial statements

1.	Statutory information

Davies Salvage Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

07805491

Registered office:

Langar North Trading Estate

Harby Road

Nottingham

Nottinghamshire

NG13 9HY

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

2.	Average number of employees

The average number of employees during the year was 11 (2018 - 7 ) .

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2020 and were signed on its behalf by:

Mr J P Davies - Director

Mrs A J Davies - Director