Davison Oxley Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09443570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

DAVISON OXLEY HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C G Davison

Mr O L Oxley

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

09443570 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

CURRENT ASSETS

Stocks

1,074,198

1,618,741

Debtors

5

330,872

883

Cash at bank

132,205

32,447

1,537,275

1,652,071

CREDITORS

Amounts falling due within one year

6

1,445,093

1,601,993

NET CURRENT ASSETS

92,182

50,078

TOTAL ASSETS LESS CURRENT LIABILITIES

92,182

50,078

CREDITORS

Amounts falling due after more than one year

7

41,667

-

NET ASSETS

50,515

50,078

CAPITAL AND RESERVES

Called up share capital

9

140

140

Retained earnings

50,375

49,938

SHAREHOLDERS' FUNDS

50,515

50,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 21 December 2021 and were signed on its behalf by:

Mr C G Davison - Director

1.	STATUTORY INFORMATION

Davison Oxley Homes 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.

Computer equipment

-

33% on cost

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2020

and 31 March 2021

1,326

Depreciation

At 1 April 2020

and 31 March 2021

1,326

Net book value

At 31 March 2021

-

At 31 March 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

324,860

-

VAT

6,012

883

330,872

883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

222,227

410,395

Trade creditors

2,488

6,587

Tax

10,245

-

Social security and other taxes

3,550

803

Other creditors

2,522

6,674

Directors' current accounts

1,201,486

1,172,534

Accruals and deferred income

2,575

5,000

1,445,093

1,601,993

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans > 1 year

41,667

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

213,894

-

The bank loan is secured by a fixed charge over the 12 Homewood Close and 26 Hovendens in favour of OneSavings Bank plc.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

50

Ordinary shares

£1

50

50

50

A Ordinary shares

£1

50

50

40

B & C Ordinary shares

£1

40

40

140

140