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&DAVE LIMITED

(formerly ME&DAVE LIMITED)

Registered Number
06325879
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

&DAVE LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

M Davis

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

C/O Auria
48 Warwick Street
London
W1B 5AW

Registered Number

06325879 (England and Wales)
&DAVE LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets312,760-
Tangible assets426,63026,534
39,39026,534
Current assets
Debtors5280,092415,954
Cash at bank and on hand137,019129,681
417,111545,635
Creditors amounts falling due within one year6(282,261)(370,977)
Net current assets (liabilities)134,850174,658
Total assets less current liabilities174,240201,192
Net assets174,240201,192
Capital and reserves
Called up share capital50100
Profit and loss account174,190201,092
Shareholders' funds174,240201,192
The financial statements were approved and authorised for issue by the Director on 19 December 2024, and are signed on its behalf by:
M Davis
Director
Registered Company No. 06325879
&DAVE LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year1411
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2348,15548,155
Additions13,20013,200
At 31 July 2461,35561,355
Amortisation and impairment
At 01 August 2348,15548,155
Charge for year440440
At 31 July 2448,59548,595
Net book value
At 31 July 2412,76012,760
At 31 July 23--
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 August 2318,70923,52687,172129,407
Additions1,0311,9338,84311,807
At 31 July 2419,74025,45996,015141,214
Depreciation and impairment
At 01 August 2312,21021,39869,265102,873
Charge for year3,1591,0027,55011,711
At 31 July 2415,36922,40076,815114,584
Net book value
At 31 July 244,3713,05919,20026,630
At 31 July 236,4992,12817,90726,534
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables227,381386,593
Other debtors39,44129,361
Prepayments and accrued income13,270-
Total280,092415,954
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables140,86850,768
Taxation and social security37,31398,159
Other creditors12,318213,015
Accrued liabilities and deferred income91,7629,035
Total282,261370,977
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.