Dave The Trimmer - Classic & Custom Vehicle Upholstery Ltd

Dave The Trimmer - Classic & Custom Vehicle Upholstery Ltd
Registered number:		11921355
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		216			210

Current assets
Debtors	5	2,532			5,436
Cash at bank and in hand		3,089			2,503
		5,621			7,939

Creditors: amounts falling due within one year	6	(5,830)			(6,396)

Net current (liabilities)/assets			(209)			1,543

Total assets less current liabilities			7			1,753

Creditors: amounts falling due after more than one year	7		-			(1,750)



Net assets			7			3

Capital and reserves
Called up share capital			1			1
Profit and loss account			6			2

Shareholders' funds			7			3

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D King
Director
Approved by the board on 11 December 2025

Dave The Trimmer - Classic & Custom Vehicle Upholstery Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction 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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							5,000
	At 31 March 2025							5,000

	Amortisation
	At 1 April 2024							5,000
	At 31 March 2025							5,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2024							280
	Additions							78
	At 31 March 2025							358

	Depreciation
	At 1 April 2024							70
	Charge for the year							72
	At 31 March 2025							142

	Net book value
	At 31 March 2025							216
	At 31 March 2024							210




5	Debtors					2025		2024
£							£

	Trade debtors					210		1,320
	Prepayments					984		837
	Other debtors					1,338		3,279
						2,532		5,436


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		1,400
	Accruals					1,151		1,098
	Corporation tax					441		978
	Other taxes and social security costs					2,804		278
	Other creditors					1,434		2,642
						5,830		6,396


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		1,750


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D King
	Repayable on demand	3,279		1,338		(3,279)		1,338

		3,279		1,338		(3,279)		1,338


9	Other information

	Dave The Trimmer - Classic & Custom Vehicle Upholstery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	31 Le Marchant Road
	Frimley
	Camberley
	GU16 8RN