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Company Registration No. 10303245 (England and Wales)
Drivebyads Limited Unaudited accounts for the year ended 31 July 2023
Drivebyads Limited Unaudited accounts Contents
Page
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Drivebyads Limited Company Information for the year ended 31 July 2023
Director
J R Quinn
Company Number
10303245 (England and Wales)
Registered Office
7 CARRIAGEWORKS DOGPOLE SHREWSBURY SHROPSHIRE SY1 1EZ ENGLAND
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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Drivebyads Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,626 
8,774 
Current assets
Debtors
- 
5,892 
Cash at bank and in hand
17,518 
7,720 
17,518 
13,612 
Creditors: amounts falling due within one year
(19,941)
(21,218)
Net current liabilities
(2,423)
(7,606)
Total assets less current liabilities
13,203 
1,168 
Provisions for liabilities
Deferred tax
(2,969)
(1,667)
Net assets/(liabilities)
10,234 
(499)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10,233 
(500)
Shareholders' funds
10,234 
(499)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
J R Quinn Director Company Registration No. 10303245
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Drivebyads Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Drivebyads Limited is a private company, limited by shares, registered in England and Wales, registration number 10303245. The registered office is 7 CARRIAGEWORKS, DOGPOLE, SHREWSBURY, SHROPSHIRE, SY1 1EZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum on cost
Fixtures & fittings
10% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
6,740 
17,550 
2,744 
27,034 
Additions
1,920 
1,650 
9,072 
12,642 
At 31 July 2023
8,660 
19,200 
11,816 
39,676 
Depreciation
At 1 August 2022
2,113 
14,964 
1,183 
18,260 
Charge for the year
1,637 
1,800 
2,353 
5,790 
At 31 July 2023
3,750 
16,764 
3,536 
24,050 
Net book value
At 31 July 2023
4,910 
2,436 
8,280 
15,626 
At 31 July 2022
4,627 
2,586 
1,561 
8,774 
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Drivebyads Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,300 
Other debtors
- 
2,592 
- 
5,892 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
145 
875 
Taxes and social security
18,432 
19,768 
Loans from directors
264 
- 
Accruals
1,100 
575 
19,941 
21,218 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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