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Financial Statements |
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for the Year Ended 28 February 2022 |
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for |
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Davies Craddock Limited |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 28 February 2022 |
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for |
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Davies Craddock Limited |
Davies Craddock Limited (Registered number: 06403519) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Davies Craddock Limited |
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Company Information |
for the Year Ended 28 February 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Davies Craddock Limited (Registered number: 06403519) |
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Balance Sheet |
28 February 2022 |
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28.2.22 | 28.2.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Davies Craddock Limited (Registered number: 06403519) |
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Balance Sheet - continued |
28 February 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Davies Craddock Limited (Registered number: 06403519) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2022 |
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1. | STATUTORY INFORMATION |
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Davies Craddock Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net insurance commissions receivable during the period. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Computer equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Davies Craddock Limited (Registered number: 06403519) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
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4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Computer |
property | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2021 |
and 28 February 2022 |
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DEPRECIATION |
At 1 March 2021 |
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Charge for year |
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At 28 February 2022 |
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NET BOOK VALUE |
At 28 February 2022 |
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At 28 February 2021 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2021 |
and 28 February 2022 |
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NET BOOK VALUE |
At 28 February 2022 |
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At 28 February 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Amounts owed by group undertakings |
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Insurance debtors | 289,649 | 296,061 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Tax |
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Insurance creditors | 476,497 | 500,951 |
Accrued expenses |
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Davies Craddock Limited (Registered number: 06403519) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
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8. | HOLDING COMPANY |
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The company is a wholly owned subsidiary of Davies Craddock (Holdings) Limited, which is jointly owned by F.A.D.R Craddock and N.P Davies (directors). |
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During the period the holding company charged management charges of £27,370 (2021 £27,70) to this company. At the balance sheet date an amount of £111,064 (2021 £132,614) was owed to the company by its parent company. |