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REGISTERED NUMBER: 08861144 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

AAA Driveway Solutions Limited

AAA Driveway Solutions Limited (Registered number: 08861144)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAA Driveway Solutions Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Ms S M Sutton
Mr S E Willett





SECRETARY: Ms S M Sutton





REGISTERED OFFICE: Driftway Wycombe Road
Studley Green
High Wycombe
HP14 3UY





REGISTERED NUMBER: 08861144 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

AAA Driveway Solutions Limited (Registered number: 08861144)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 110,820 34,735
112,820 38,735

CURRENT ASSETS
Debtors 6 203,941 162,141
Cash at bank 112,074 71,888
316,015 234,029
CREDITORS
Amounts falling due within one year 7 162,375 172,935
NET CURRENT ASSETS 153,640 61,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,460

99,829

CREDITORS
Amounts falling due after more than one
year

8

(42,791

)

(33,333

)

PROVISIONS FOR LIABILITIES 10 (21,056 ) (6,600 )
NET ASSETS 202,613 59,896

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 202,611 59,894
SHAREHOLDERS' FUNDS 202,613 59,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

AAA Driveway Solutions Limited (Registered number: 08861144)

Balance Sheet - continued
31 January 2023


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 Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Ms S M Sutton - Director


AAA Driveway Solutions Limited (Registered number: 08861144)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

AAA Driveway Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 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.

AAA Driveway Solutions Limited (Registered number: 08861144)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022 16,000
Amortisation for year 2,000
At 31 January 2023 18,000
NET BOOK VALUE
At 31 January 2023 2,000
At 31 January 2022 4,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022 66,056
Additions 166,679
Disposals (74,836 )
At 31 January 2023 157,899
DEPRECIATION
At 1 February 2022 31,321
Charge for year 50,353
Eliminated on disposal (34,595 )
At 31 January 2023 47,079
NET BOOK VALUE
At 31 January 2023 110,820
At 31 January 2022 34,735

AAA Driveway Solutions Limited (Registered number: 08861144)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 43,900
At 31 January 2023 43,900
DEPRECIATION
Charge for year 10,975
At 31 January 2023 10,975
NET BOOK VALUE
At 31 January 2023 32,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,800 -
Other debtors 202,141 162,141
203,941 162,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,556 -
Trade creditors 3,578 5,120
Corporation tax 5,640 9,283
Social security and other taxes 1,588 936
VAT 27,131 11,384
Other creditors 2,000 2,000
Directors' current accounts 106,382 132,712
Accrued expenses 1,500 1,500
162,375 172,935

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 23,333 33,333
Hire purchase contracts 19,458 -
42,791 33,333

AAA Driveway Solutions Limited (Registered number: 08861144)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 24,014 -

The hire purchase contracts are secured upon the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 21,056 6,600

Deferred
tax
£   
Balance at 1 February 2022 6,600
Charge to Income Statement during year 14,456
Balance at 31 January 2023 21,056

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 February 2022 59,894
Profit for the year 146,717
Dividends (4,000 )
At 31 January 2023 202,611

13. RELATED PARTY DISCLOSURES

During the year the directors made net withdrawals from their account of £26,330. The balance on their account at 31 January 2023 was £106,382 in credit (2022 - £132,712).

Also during the year the directors each received dividends from the company of £2,000 (2022 - £2,000).

14. ULTIMATE CONTROLLING PARTY

The directors acknowledge that there is no ultimate controlling party as no individual holds a majority of the company's issued, voting share capital.