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REGISTERED NUMBER: 01243515 (England and Wales)















D. R. DAVIES & SONS (FARMERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2018






D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. R. DAVIES & SONS (FARMERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2018







DIRECTOR: N J Davies





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 01243515 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

BALANCE SHEET
5 APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 298,399 300,475
Investments 4 126,925 135,267
425,324 435,742

CURRENT ASSETS
Debtors 5 508 -
Cash at bank - 502
508 502
CREDITORS
Amounts falling due within one year 6 232,903 229,960
NET CURRENT LIABILITIES (232,395 ) (229,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,929

206,284

CREDITORS
Amounts falling due after more than one
year

7

(186,378

)

(196,241

)

PROVISIONS FOR LIABILITIES (8,218 ) (8,146 )
NET (LIABILITIES)/ASSETS (1,667 ) 1,897

CAPITAL AND RESERVES
Called up share capital 8 45,510 45,510
Share redemption reserve 9 (493,522 ) (493,522 )
Capital redemption reserve 9 86,332 86,332
Retained earnings 9 360,013 363,577
SHAREHOLDERS' FUNDS (1,667 ) 1,897

D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

BALANCE SHEET - continued
5 APRIL 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 20 December 2018 and were signed by:





N J Davies - Director


D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2018

1. STATUTORY INFORMATION

D. R. Davies & Sons (Farmers) 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 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.
Freehold property - in accordance with the property
Buildings, fixtures and fittings - in accordance with the property
Plant and machinery - 10% on reducing balance
Tractors and motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2018

3. TANGIBLE FIXED ASSETS
Buildings,
fixtures Tractors
Freehold and Plant and and motor
property fittings machinery vehicles Totals
£    £    £    £    £   
COST
At 6 April 2017
and 5 April 2018 253,456 150,470 90,708 36,477 531,111
DEPRECIATION
At 6 April 2017 - 106,635 87,572 36,429 230,636
Charge for year - 1,753 314 9 2,076
At 5 April 2018 - 108,388 87,886 36,438 232,712
NET BOOK VALUE
At 5 April 2018 253,456 42,082 2,822 39 298,399
At 5 April 2017 253,456 43,835 3,136 48 300,475

4. FIXED ASSET INVESTMENTS

2018 2017
£    £   
Shares in group undertakings 80 80
Loans to group undertakings 126,845 135,187
126,925 135,267

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 6 April 2017
and 5 April 2018 80
NET BOOK VALUE
At 5 April 2018 80
At 5 April 2017 80
Loans to
group
undertakings
£   
At 6 April 2017 135,187
New in year 21,510
Repayment in year (29,852 )
At 5 April 2018 126,845

D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 508 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 14,483 9,222
Trade creditors - 113
VAT 826 766
Directors' current accounts 216,554 218,886
Accruals and deferred income 1,040 973
232,903 229,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1-2 years 10,454 9,864
Bank loans - 2-5 years 36,334 33,875
Bank loans more 5 yr by instal 139,590 152,502
186,378 196,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 139,590 152,502

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
45,510 Ordinary £1 45,510 45,510

9. RESERVES
Share Capital
Retained redemption redemption
earnings reserve reserve Totals
£    £    £    £   

At 6 April 2017 363,577 (493,522 ) 86,332 (43,613 )
Deficit for the year (3,564 ) (3,564 )
At 5 April 2018 360,013 (493,522 ) 86,332 (47,177 )

D. R. DAVIES & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2018

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director of D R Davies and Sons (Farmers) Limited was also the director and shareholder of
D R Davies and Sons (Lower Derndale) Limited. During the year goods and services supplied to D R Davies
and Sons (Lower Derndale) Limited were £12,500 (2017 - £12,500).