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REGISTERED NUMBER: 00207032 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

DAVIS CASH & COMPANY LIMITED

DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

DAVIS CASH & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2017







DIRECTOR: P W Dayton





SECRETARY: Ms E Love





REGISTERED OFFICE: Metalcraft Works
Alexandra Road
Ponders End
Middlesex





REGISTERED NUMBER: 00207032 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

BALANCE SHEET
31 OCTOBER 2017

2017 2016
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,242 329,384

CURRENT ASSETS
Stocks 74,691 59,990
Debtors 5 361,407 410,593
Cash at bank and in hand 192,055 222,524
628,153 693,107
CREDITORS
Amounts falling due within one year 6 169,854 195,591
NET CURRENT ASSETS 458,299 497,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,541

826,900

CREDITORS
Amounts falling due after more than one
year

7

(43,680

)

(62,400

)

PROVISIONS FOR LIABILITIES (41,580 ) (48,580 )
NET ASSETS 673,281 715,920

CAPITAL AND RESERVES
Called up share capital 11,954 11,954
Other reserves 22,753 22,753
Retained earnings 638,574 681,213
673,281 715,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 June 2018 and were signed by:





P W Dayton - Director


DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017


1. STATUTORY INFORMATION

Davis Cash & Company 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.

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


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 October 2017 are the first that are prepared in accordance
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the
date of transition to FRS 102 Section 1A is 1 November 2015.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount
receivable for goods supplied, net of returns, discounts and value added taxes.

Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of
ownership have passed to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold property - Over the period of the lease
Plant and machinery - 12% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

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

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 25 (2016 - 27 ) .

4. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2016 15,168 749,402 33,211
Additions 12,836 1,100 -
At 31 October 2017 28,004 750,502 33,211
DEPRECIATION
At 1 November 2016 15,167 441,571 28,473
Charge for year 2,354 38,617 948
At 31 October 2017 17,521 480,188 29,421
NET BOOK VALUE
At 31 October 2017 10,483 270,314 3,790
At 31 October 2016 1 307,831 4,738

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2016 14,400 31,664 843,845
Additions - 580 14,516
At 31 October 2017 14,400 32,244 858,361
DEPRECIATION
At 1 November 2016 6,035 23,215 514,461
Charge for year 836 903 43,658
At 31 October 2017 6,871 24,118 558,119
NET BOOK VALUE
At 31 October 2017 7,529 8,126 300,242
At 31 October 2016 8,365 8,449 329,384

DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2016 327,535
Transfer to ownership (223,535 )
At 31 October 2017 104,000
DEPRECIATION
At 1 November 2016 132,710
Charge for year 24,354
Transfer to ownership (123,214 )
At 31 October 2017 33,850
NET BOOK VALUE
At 31 October 2017 70,150
At 31 October 2016 194,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
as restated
£    £   
Trade debtors 350,796 405,877
Other debtors 10,611 4,716
361,407 410,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
as restated
£    £   
Hire purchase contracts (see note 8) 18,720 46,987
Trade creditors 94,363 81,461
Taxation and social security 41,959 64,815
Other creditors 14,812 2,328
169,854 195,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
as restated
£    £   
Hire purchase contracts (see note 8) 43,680 62,400

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2017 2016
as restated
£    £   
Net obligations repayable:
Within one year 18,720 46,987
Between one and five years 43,680 62,400
62,400 109,387

DAVIS CASH & COMPANY LIMITED (REGISTERED NUMBER: 00207032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017


8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2017 2016
as restated
£    £   
Within one year 85,000 85,000
Between one and five years 340,000 340,000
In more than five years 276,250 361,250
701,250 786,250

9. ULTIMATE CONTROLLING PARTY

The controlling party is P W Dayton.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DAVIS CASH & COMPANY LIMITED


The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Director are 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 Davis Cash & Company Limited for the year ended 31 October 2017 which comprise the
Income Statement, Balance Sheet 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 director of Davis Cash & Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davis Cash & Company Limited and state those matters that we have agreed to state to the director of Davis Cash & Company Limited 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 Davis Cash & Company Limited and its director for our work or for this report.

It is your duty to ensure that Davis Cash & Company 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 loss of Davis Cash & Company Limited. You consider that Davis Cash & Company 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 Davis Cash & Company 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.






THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ


12 June 2018