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REGISTERED NUMBER: 08845165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Drove Solutions Limited

Drove Solutions Limited (Registered number: 08845165)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drove Solutions Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr L S Buenfeld
Ms J V Ford





SECRETARY: Mr J Buenfield





REGISTERED OFFICE: Fairview The Drove
West Wellow
Romsey
Hampshire
SO51 6BT





REGISTERED NUMBER: 08845165 (England and Wales)





ACCOUNTANTS: Talbot Accounting Solutions LLP
Bartley Cottage
Ringwood Road
Bartley
Southampton
Hampshire
SO40 7LD

Drove Solutions Limited (Registered number: 08845165)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,028 2,004
Investments 5 50 50
53,078 2,054

CURRENT ASSETS
Debtors 6 17,347 179,522
Cash at bank 131,096 12,885
148,443 192,407
CREDITORS
Amounts falling due within one year 7 35,085 79,467
NET CURRENT ASSETS 113,358 112,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,436

114,994

CREDITORS
Amounts falling due after more than one
year

8

(43,879

)

-

PROVISIONS FOR LIABILITIES (2,495 ) (381 )
NET ASSETS 120,062 114,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 119,962 114,513
120,062 114,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Drove Solutions Limited (Registered number: 08845165)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 6 October 2024 and were signed on its behalf by:





Mr L S Buenfeld - Director


Drove Solutions Limited (Registered number: 08845165)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Drove Solutions Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Drove Solutions Limited (Registered number: 08845165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 26,456
Additions 52,799
At 31 January 2024 79,255
DEPRECIATION
At 1 February 2023 24,452
Charge for year 1,775
At 31 January 2024 26,227
NET BOOK VALUE
At 31 January 2024 53,028
At 31 January 2023 2,004

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 50
NET BOOK VALUE
At 31 January 2024 50
At 31 January 2023 50

The company owns a 33.33% interest in the share capital of Beechdean Homes Ltd by way of 50 £1 Ordinary C shares being issued and allotted to it. Beechdean Homes Ltd prepares accounts to 31 March and the last accounts prepared were to 31 March 2023. Beechdean Homes Ltd is registered in England & Wales with the registered office address being the same as for this company - Fairview, The Drove, Lower Common Road, West Wellow, Romsey, Hampshire, SO51 6BT.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 17,160 14,882
Other debtors 187 164,640
17,347 179,522

Drove Solutions Limited (Registered number: 08845165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 1,676 -
Trade creditors (1 ) 1
Taxation and social security 29,638 28,988
Other creditors 3,772 50,478
35,085 79,467

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 43,879 -

Net obligations under finance lease and hire purchase contracts of £45,555 (2023- £nil) are secured by fixed charges on the assets concerned.

9. RELATED PARTY DISCLOSURES

Loan to associated company

Within other debtors is a loan to Beechdean Homes Ltd, a company in which Drove Solutions Ltd has a 33.33% stake. The balance of this loan at 31 January 2024 was £nil (2023: £169,450).