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DAVE PLACE LTD

Unaudited Financial Statements

for the Year Ended 31 October 2024






DAVE PLACE LTD (REGISTERED NUMBER: 08745681)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


DAVE PLACE LTD

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M A Watt
D W N Watt-SNR



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 08745681 (England and Wales)



ACCOUNTANT: Botros & Co
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: HSBC Bank plc
55 Victoria Street
Grimsby
N. E. Lincolnshire
DN31 1UX

DAVE PLACE LTD (REGISTERED NUMBER: 08745681)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,044 1,465

CURRENT ASSETS
Stocks 5 7,960 4,240
Debtors 6 14,000 14,000
Cash at bank and in hand 11,675 13,704
33,635 31,944
CREDITORS
Amounts falling due within one year 7 7,784 7,466
NET CURRENT ASSETS 25,851 24,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,895

25,943

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 27,795 25,843
SHAREHOLDERS' FUNDS 27,895 25,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 2 April 2025 and were signed on its behalf by:





M A Watt - Director


DAVE PLACE LTD (REGISTERED NUMBER: 08745681)

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


1. STATUTORY INFORMATION

Dave Place 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.

Turnover
The turnover represent sale invoices.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 3 (2023 - 3 ) .

DAVE PLACE LTD (REGISTERED NUMBER: 08745681)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 3,304 2,595 1,800 7,699
Additions - - 1,200 1,200
Disposals - - (1,800 ) (1,800 )
At 31 October 2024 3,304 2,595 1,200 7,099
DEPRECIATION
At 1 November 2023 2,654 1,781 1,799 6,234
Charge for year 98 122 401 621
Eliminated on disposal - - (1,800 ) (1,800 )
At 31 October 2024 2,752 1,903 400 5,055
NET BOOK VALUE
At 31 October 2024 552 692 800 2,044
At 31 October 2023 650 814 1 1,465

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 7,960 4,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Cash In Ltd 14,000 14,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 1,025 720
Pension payable 209 196
Accrued expenses 6,550 6,550
7,784 7,466

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

DAVE PLACE LTD (REGISTERED NUMBER: 08745681)

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


9. RESERVES
Retained
earnings
£   

At 1 November 2023 25,843
Profit for the year 1,952
At 31 October 2024 27,795