Company Registration No. 11216658 (England and Wales)
Dave Rainford Limited
Unaudited accounts
for the year ended 29 February 2024
Dave Rainford Limited
Unaudited accounts
Contents
Dave Rainford Limited
Company Information
for the year ended 29 February 2024
Company Number
11216658 (England and Wales)
Registered Office
21 Highland Brow
Galgate
Lancaster
Lancashire
LA2 0NF
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
Dave Rainford Limited
Statement of financial position
as at 29 February 2024
Tangible assets
37,631
38,342
Cash at bank and in hand
(420)
(945)
Creditors: amounts falling due within one year
(36,723)
(35,635)
Net current assets/(liabilities)
577
(5,765)
Total assets less current liabilities
38,208
32,577
Creditors: amounts falling due after more than one year
(39,055)
(42,142)
Net liabilities
(847)
(9,565)
Called up share capital
1
1
Profit and loss account
(848)
(9,566)
Shareholders' funds
(847)
(9,565)
For the year ending 29 February 2024 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 his 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 July 2024 and were signed on its behalf by
Mr D Rainford
Director
Company Registration No. 11216658
Dave Rainford Limited
Notes to the Accounts
for the year ended 29 February 2024
Dave Rainford Limited is a private company, limited by shares, registered in England and Wales, registration number 11216658. The registered office is 21 Highland Brow, Galgate, Lancaster, Lancashire, LA2 0NF.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
315
65,230
65,545
Disposals
-
(2,792)
(2,792)
At 29 February 2024
315
74,934
75,249
At 1 March 2023
138
27,065
27,203
Charge for the year
44
12,500
12,544
On disposals
-
(2,129)
(2,129)
At 29 February 2024
182
37,436
37,618
At 29 February 2024
133
37,498
37,631
At 28 February 2023
177
38,165
38,342
Dave Rainford Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
550
550
Other debtors
12,212
3,708
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,743
5,601
Obligations under finance leases and hire purchase contracts
5,127
6,917
Taxes and social security
3,934
5,068
Loans from directors
17,234
18,049
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
31,672
29,016
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).