REGISTERED NUMBER: 06390436 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Daventry Auto Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

8,761

7,063

CURRENT ASSETS

Stocks

5

5,700

4,200

Debtors

6

16,327

18,632

Cash at bank

155,959

124,745

177,986

147,577

CREDITORS

Amounts falling due within one year

7

(111,270

)

(85,801

)

NET CURRENT ASSETS

66,716

61,776

TOTAL ASSETS LESS CURRENT LIABILITIES

75,477

68,839

CREDITORS

Amounts falling due after more than one year

8

(6,170

)

(15,241

)

PROVISIONS FOR LIABILITIES

(1,810

)

(1,703

)

NET ASSETS

67,497

51,895

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

67,496

51,894

SHAREHOLDERS' FUNDS

67,497

51,895

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 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 Profit & Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:

T Russo - Director

1.	STATUTORY INFORMATION

Daventry Auto Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06390436. The registered office is it 2A,7th Floor- PF City Reach, 5 Greenwich View Place, London E14 9NN.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: o the amount of revenue can be measured reliably;

o it is probable that the Company will receive the consideration due under the contract;

o the stage of completion of the contract at the end of the reporting period can be measured reliably; and

o the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery : 25% on reducing balance

Fixtures and fittings : 20% on reducing balance

Motor vehicles : 25% on cost

Computer equipment : 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

Stocks

Stock have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account, 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.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

28,564

5,365

625

6,306

40,860

Additions

-

-

1,400

3,423

4,823

At 31 October 2024

28,564

5,365

2,025

9,729

45,683

DEPRECIATION

At 1 November 2023

24,162

2,705

625

6,305

33,797

Charge for year

1,101

532

350

1,142

3,125

At 31 October 2024

25,263

3,237

975

7,447

36,922

NET BOOK VALUE

At 31 October 2024

3,301

2,128

1,050

2,282

8,761

At 31 October 2023

4,402

2,660

-

1

7,063

5.

STOCKS

31.10.24

31.10.23

£

£

Stocks

5,700

4,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

8,105

11,476

Other debtors

8,222

7,156

16,327

18,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

17,129

12,841

Taxation and social security

20,160

14,274

Other creditors

73,981

58,686

111,270

85,801

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Other creditors

6,170

15,241