8862008falsesales of leisure activity goods2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-01-31http://www.companieshouse.gov.uk/cd:Director12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-02-012023-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-01-31http://www.companieshouse.gov.uk/2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/cd:FRS1022022-02-012023-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-02-012023-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-02-012023-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 8862008

DAVE'S CUSTOM AIRSOFT LTD

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

DAVE'S CUSTOM AIRSOFT LTD

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
David J Taylor
REGISTERED OFFICE
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8862008
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

DAVE'S CUSTOM AIRSOFT LTD

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

DAVE'S CUSTOM AIRSOFT LTD

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets325,72030,028
CURRENT ASSETS
Stock38,48479,563
Debtors58,1977,652
Cash at bank and in hand45,33924,605
92,020111,820
CREDITORS: Amounts falling due within one year6104,263114,952
NET CURRENT LIABILITIES(12,243)(3,132)
TOTAL ASSETS LESS CURRENT LIABILITIES13,47726,896
CREDITORS: Amounts falling due after more than one year749,07849,325
NET LIABILITIES(35,601)(22,429)
CAPITAL AND RESERVES
Called up share capital8125125
Profit and loss account(35,726)(22,554)
SHAREHOLDERS' FUNDS(35,601)(22,429)
For the year ending 31/01/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/10/2023 and signed on their behalf by
.............................
David J Taylor
Director

DAVE'S CUSTOM AIRSOFT LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 15%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees56

DAVE'S CUSTOM AIRSOFT LTD

3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentTotal
££££
Cost
At 01/02/20224,4377,43336,80248,672
Additions-1741,7551,929
At 31/01/20234,4377,60738,55750,601
Depreciation
At 01/02/20221,3923,46813,78418,644
For the year4568274,9546,237
At 31/01/20231,8484,29518,73824,881
Net Book Amounts
At 31/01/20232,5893,31219,81925,720
At 31/01/20223,0453,96523,01830,028
4. STOCK 20232022
££
Stock comprises:
Stock38,48479,563
38,48479,563
5. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments8,1977,652
8,1977,652

DAVE'S CUSTOM AIRSOFT LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax6,2053,575
VAT8,78917,271
PAYE creditor1,2681,093
Directors current account18,6797,503
Bank loan56,54084,200
Trade creditors12,433230
Pension schemes294165
Accruals55915
104,263114,952
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loan49,07849,325
49,07849,325
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
12500 Ordinary shares of £0.01 each125125
125125