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REGISTERED NUMBER: 09391963 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2022

FOR

DERBY DRIVEWAYS LIMITED

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DERBY DRIVEWAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







Director: J M Engeham





Registered office: 1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF





Registered number: 09391963 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,726 54,746

CURRENT ASSETS
Debtors 5 102,168 102,815
Cash at bank 62,611 59,533
164,779 162,348
CREDITORS
Amounts falling due within one year 6 84,942 86,076
NET CURRENT ASSETS 79,837 76,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,563

131,018

CREDITORS
Amounts falling due after more than one
year

7

(48,994

)

(66,774

)

PROVISIONS FOR LIABILITIES (21,228 ) (10,402 )
NET ASSETS 121,341 53,842

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,241 53,742
121,341 53,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

BALANCE SHEET - continued
31 JANUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 May 2022 and were signed by:





J M Engeham - Director


DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Derby Driveways 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 February 2021 62,123 19,600 81,723
Additions 54,000 19,000 73,000
At 31 January 2022 116,123 38,600 154,723
Depreciation
At 1 February 2021 16,128 10,849 26,977
Charge for year 10,999 5,021 16,020
At 31 January 2022 27,127 15,870 42,997
Net book value
At 31 January 2022 88,996 22,730 111,726
At 31 January 2021 45,995 8,751 54,746

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


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 February 2021
and 31 January 2022 29,000
Depreciation
Charge for year 5,800
At 31 January 2022 5,800
Net book value
At 31 January 2022 23,200
At 31 January 2021 29,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 102,168 102,787
Other debtors - 28
102,168 102,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 6,667
Hire purchase contracts 7,387 18,426
Trade creditors 25,432 12,857
Taxation and social security 35,486 39,796
Other creditors 6,637 8,330
84,942 86,076

DERBY DRIVEWAYS LIMITED (REGISTERED NUMBER: 09391963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 33,334 43,333
Hire purchase contracts 15,660 23,441
48,994 66,774