Company Registration No. 10303245 (England and Wales)
Drivebyads Limited
Unaudited accounts
for the year ended 31 July 2023
Drivebyads Limited
Unaudited accounts
Contents
Drivebyads Limited
Company Information
for the year ended 31 July 2023
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
Drivebyads Limited
Statement of financial position
as at 31 July 2023
Tangible assets
15,626
8,774
Cash at bank and in hand
17,518
7,720
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)
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
Drivebyads Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2023
4,910
2,436
8,280
15,626
At 31 July 2022
4,627
2,586
1,561
8,774
Drivebyads Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
18,432
19,768
Loans from directors
264
-
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).