Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
G H & V E Davies & Son Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G H & V E Davies & Son Limited
for the Year Ended 30 June 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G H & V E Davies & Son Limited for the year ended 30 June 2016 set out on pages 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/ .
This report is made solely to the Board of Directors of G H & V E Davies & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of G H & V E Davies & Son Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G H & V E Davies & Son Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G H & V E Davies & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G H & V E Davies & Son Limited. You consider that G H & V E Davies & Son 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 accounts of G H & V E Davies & Son 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 accounts.
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Hudson LM Limited
Lower Berghill Farm
Whittington
Oswestry
Shropshire
SY11 4PD
21 December 2016
G H & V E Davies & Son Limited
(Registration number: 2819806)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
2
G H & V E Davies & Son Limited
(Registration number: 2819806)
Abbreviated Balance Sheet at 30 June 2016
......... continued
.........................................
Mr P G Davies
Director
3
G H & V E Davies & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Intangible assets relate to quota which is fully written down.
Amortisation
The intangible asset of quota has been fully written down.
Asset class |
Amortisation method and rate |
Quota |
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Depreciation
Tangible assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life.
Asset class |
Depreciation method and rate |
Freehold land and property |
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Building improvements |
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Plant and machienry |
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Stock
Deferred tax
Hire purchase and leasing
Financial instruments
G H & V E Davies & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 July 2015 |
30,591 |
10,776,023 |
10,806,614 |
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Additions |
- |
174,676 |
174,676 |
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Disposals |
- |
(3,200) |
(3,200) |
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At 30 June 2016 |
30,591 |
10,947,499 |
10,978,090 |
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Depreciation |
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At 1 July 2015 |
30,591 |
2,962,403 |
2,992,994 |
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Charge for the year |
- |
286,583 |
286,583 |
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Eliminated on disposals |
- |
(2,176) |
(2,176) |
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At 30 June 2016 |
30,591 |
3,246,810 |
3,277,401 |
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Net book value |
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At 30 June 2016 |
- |
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At 30 June 2015 |
- |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
180,076 |
178,329 |
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Amounts falling due after more than one year |
956,413 |
1,138,237 |
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Total secured creditors |
1,136,489 |
1,316,566 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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G H & V E Davies & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr G H Davies |
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( |
- |
(6,249) |
- |
Mrs V E Davies |
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( |
- |
(59,246) |
- |
Mr P G Davies |
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( |
- |
(11,819) |
- |