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REGISTERED NUMBER: 08645344 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DAVE'S AUTOCARE (HOLDINGS) LTD

DAVE'S AUTOCARE (HOLDINGS) LTD (REGISTERED NUMBER: 08645344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


DAVE'S AUTOCARE (HOLDINGS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr D George





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 08645344 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DAVE'S AUTOCARE (HOLDINGS) LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dave's Autocare (Holdings) Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dave's Autocare (Holdings) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dave's Autocare (Holdings) Ltd and state those matters that we have agreed to state to the director of Dave's Autocare (Holdings) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dave's Autocare (Holdings) Ltd and its director for our work or for this report.

It is your duty to ensure that Dave's Autocare (Holdings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dave's Autocare (Holdings) Ltd. You consider that Dave's Autocare (Holdings) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dave's Autocare (Holdings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


13 August 2024

DAVE'S AUTOCARE (HOLDINGS) LTD (REGISTERED NUMBER: 08645344)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,250
Tangible assets 5 162,262 166,096
Investments 6 100 100
162,362 167,446

CURRENT ASSETS
Debtors 7 10,117 1,596
Cash at bank 2,268 2,946
12,385 4,542
CREDITORS
Amounts falling due within one year 8 11,568 10,413
NET CURRENT ASSETS/(LIABILITIES) 817 (5,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,179

161,575

CREDITORS
Amounts falling due after more than one
year

9

(63,423

)

(61,283

)

PROVISIONS FOR LIABILITIES (15,750 ) (16,380 )
NET ASSETS 84,006 83,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,906 83,812
SHAREHOLDERS' FUNDS 84,006 83,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 13 August 2024 and were signed by:



Mr D George - Director


DAVE'S AUTOCARE (HOLDINGS) LTD (REGISTERED NUMBER: 08645344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Dave's Autocare (Holdings) 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 15% 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.

3. EMPLOYEES AND DIRECTORS

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

DAVE'S AUTOCARE (HOLDINGS) LTD (REGISTERED NUMBER: 08645344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 12,500
AMORTISATION
At 1 December 2022 11,250
Amortisation for year 1,250
At 30 November 2023 12,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 1,250

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 170,000 12,500 182,500
DEPRECIATION
At 1 December 2022 6,800 9,604 16,404
Charge for year 3,400 434 3,834
At 30 November 2023 10,200 10,038 20,238
NET BOOK VALUE
At 30 November 2023 159,800 2,462 162,262
At 30 November 2022 163,200 2,896 166,096

Cost or valuation at 30 November 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2020 98,860 - 98,860
Cost 71,140 12,500 83,640
170,000 12,500 182,500

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 71,140 71,140
Aggregate depreciation 14,222 12,800

Freehold land and buildings were valued on an open market basis on 30 November 2022 by the director .

DAVE'S AUTOCARE (HOLDINGS) LTD (REGISTERED NUMBER: 08645344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 100
NET BOOK VALUE
At 30 November 2023 100
At 30 November 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 10,117 1,596

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,382 6,981
Trade creditors - 1
Taxation and social security 4,186 3,431
11,568 10,413

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,757 35,139
Other creditors 35,666 26,144
63,423 61,283

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,964