Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292022-09-01falseConstruction of commercial building34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12452518 2022-09-01 2024-02-29 12452518 2021-09-01 2022-08-31 12452518 2024-02-29 12452518 2022-08-31 12452518 c:Director1 2022-09-01 2024-02-29 12452518 d:MotorVehicles 2022-09-01 2024-02-29 12452518 d:MotorVehicles 2024-02-29 12452518 d:MotorVehicles 2022-08-31 12452518 d:CurrentFinancialInstruments 2024-02-29 12452518 d:CurrentFinancialInstruments 2022-08-31 12452518 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12452518 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12452518 d:ShareCapital 2024-02-29 12452518 d:ShareCapital 2022-08-31 12452518 d:RetainedEarningsAccumulatedLosses 2024-02-29 12452518 d:RetainedEarningsAccumulatedLosses 2022-08-31 12452518 c:EntityNoLongerTradingButTradedInPast 2022-09-01 2024-02-29 12452518 c:FRS102 2022-09-01 2024-02-29 12452518 c:AuditExempt-NoAccountantsReport 2022-09-01 2024-02-29 12452518 c:FullAccounts 2022-09-01 2024-02-29 12452518 c:PrivateLimitedCompanyLtd 2022-09-01 2024-02-29 12452518 2 2022-09-01 2024-02-29 12452518 e:PoundSterling 2022-09-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 12452518










DAVE SANDERS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
DAVE SANDERS LTD
REGISTERED NUMBER: 12452518

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
31 August
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
2,812

  
-
2,812

Current assets
  

Stocks
  
-
670

Debtors: amounts falling due within one year
 5 
-
3,337

Cash at bank and in hand
 6 
-
15,940

  
-
19,947

Creditors: amounts falling due within one year
 7 
(79,816)
(63,878)

Net current liabilities
  
 
 
(79,816)
 
 
(43,931)

Total assets less current liabilities
  
(79,816)
(41,119)

  

Net liabilities
  
(79,816)
(41,119)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(80,816)
(42,119)

  
(79,816)
(41,119)


Page 1

 
DAVE SANDERS LTD
REGISTERED NUMBER: 12452518
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
David Sanders
Director

Date: 20 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Dave Sanders Ltd is a private company limited by shares and incorporated in England and Wales registration number 12452518. The registered office is 43 Lawson Way, Sheringham, Norfolk, NR26 8BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The directors have made the decision to cease to trade during the period. These accounts have not been drafted on the going concerm basis of preparation.

Page 3

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Basic financial assets
Page 5

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 4).

Page 6

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Motor vehicles

£





At 1 September 2022
3,750


Disposals
(3,750)



At 29 February 2024

-





At 1 September 2022
938


Disposals
(938)



At 29 February 2024

-



Net book value



At 29 February 2024
-



At 31 August 2022
2,812


5.


Debtors

29 February
31 August
2024
2022
£
£


Other debtors
-
2,219

Prepayments and accrued income
-
1,118

-
3,337


Page 7

 
DAVE SANDERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
31 August
2024
2022
£
£

Cash at bank and in hand
-
15,940

Less: bank overdrafts
(12,010)
-

(12,010)
15,940



7.


Creditors: Amounts falling due within one year

29 February
31 August
2024
2022
£
£

Bank overdrafts
12,010
-

Other loans
3,000
-

Trade creditors
-
19,708

Other taxation and social security
245
7,077

Other creditors
61,998
34,848

Accruals and deferred income
2,563
2,245

79,816
63,878



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,638.


9.


Related party transactions

During the year the directors made interest free loans to the company and at the year end the balance owed to the directors was £61,997 (2022 - £34,605). No interest is charged and there are no fixed repayment terms in place.

 
Page 8