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REGISTERED NUMBER: 12454057 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Dave & Dave Ltd

Dave & Dave Ltd (Registered number: 12454057)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dave & Dave Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs Nila Dave





REGISTERED OFFICE: Unit 7A, 28 Humberstone Gate,
Leicester
LE1 3PH





REGISTERED NUMBER: 12454057 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Dave & Dave Ltd (Registered number: 12454057)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,152 15,152
Property, plant and equipment 5 2,746 1,032
17,898 16,184

CURRENT ASSETS
Inventories 16,069 16,178
Debtors 6 10,835 4,014
Cash at bank and in hand 11,928 56,578
38,832 76,770
CREDITORS
Amounts falling due within one year 7 9,818 41,255
NET CURRENT ASSETS 29,014 35,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,912

51,699

CREDITORS
Amounts falling due after more than one
year

8

47,783

50,000
NET (LIABILITIES)/ASSETS (871 ) 1,699

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (872 ) 1,698
SHAREHOLDERS' FUNDS (871 ) 1,699

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

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

The director acknowledges her 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.

Dave & Dave Ltd (Registered number: 12454057)

Statement of Financial Position - continued
31 March 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 director and authorised for issue on 17 November 2023 and were signed by:





Mrs Nila Dave - Director


Dave & Dave Ltd (Registered number: 12454057)

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

1. STATUTORY INFORMATION

Dave & Dave Ltd 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 represents net sales of invoiced goods and services excluding Value Added Tax.

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.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,152
NET BOOK VALUE
At 31 March 2023 15,152
At 31 March 2022 15,152

Dave & Dave Ltd (Registered number: 12454057)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1 1,375 1,376
Additions - 2,629 2,629
At 31 March 2023 1 4,004 4,005
DEPRECIATION
At 1 April 2022 - 344 344
Charge for year - 915 915
At 31 March 2023 - 1,259 1,259
NET BOOK VALUE
At 31 March 2023 1 2,745 2,746
At 31 March 2022 1 1,031 1,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,688 1,688
Other debtors 4,147 2,326
10,835 4,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,033 2,391
Taxation and social security 208 3,549
Other creditors 8,577 35,315
9,818 41,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 47,783 50,000

Dave & Dave Ltd (Registered number: 12454057)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1