DAVIES & GREEN LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08386569 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

DAVIES & GREEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T D DAVIES

R GREEN

SECRETARY:

R G DAVIES

REGISTERED OFFICE:

FRITHSDEN COTTAGE

FRITHSDEN

HEMEL HEMPSTEAD

Hertfordshire

HP1 3DD

REGISTERED NUMBER:

08386569 (England and Wales)

ACCOUNTANTS:

ALAN HEYWOOD & COMPANY LLP.

CHARTERED ACCOUNTANTS

& BUSINESS ADVISORS

78 MILL LANE

LONDON

NW6 1JZ

FIXED ASSETS

Tangible assets

4

424

845

CURRENT ASSETS

Debtors

5

488,122

326,678

Cash at bank and in hand

48

12,707

488,170

339,385

CREDITORS

Amounts falling due within one year

6

446,425

278,515

NET CURRENT ASSETS

41,745

60,870

TOTAL ASSETS LESS CURRENT LIABILITIES

42,169

61,715

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

41,169

60,715

SHAREHOLDERS' FUNDS

42,169

61,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 October 2018 and were signed on its behalf by:

T D DAVIES - Director

1.	STATUTORY INFORMATION

DAVIES & GREEN LTD 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 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.

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

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.

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 year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2017

and 28 February 2018

5,286

DEPRECIATION

At 1 March 2017

4,441

Charge for year

421

At 28 February 2018

4,862

NET BOOK VALUE

At 28 February 2018

424

At 28 February 2017

845

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

445,617

304,749

Other debtors

42,505

9,750

Directors' current accounts

-

12,179

488,122

326,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

300,356

187,010

Social security and other taxes

35,814

70,565

Directors' current accounts

72,255

-

Accrued expenses

38,000

20,940

446,425

278,515