Registration number:
Driftwood Van Conversions Limited
for the Period from 5 April 2024 to 30 April 2025
Driftwood Van Conversions Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Driftwood Van Conversions Limited
Company Information
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Director |
Mr Steven Nigel Tovey |
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Registered office |
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Accountants |
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Driftwood Van Conversions Limited
Director's Report for the Period from 5 April 2024 to 30 April 2025
The director presents his report and the financial statements for the period from 5 April 2024 to 30 April 2025.
Incorporation
The company was incorporated on
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is that of van conversions.
Going concern
The company ceased to trade on 30 April 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down
to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs
were committed at the reporting date.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Mr Steven Nigel Tovey
Director
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Driftwood Van Conversions Limited
for the Period Ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Driftwood Van Conversions Limited for the period ended 30 April 2025 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Driftwood Van Conversions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Driftwood Van Conversions Limited and state those matters that we have agreed to state to the Board of Directors of Driftwood Van Conversions Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Driftwood Van Conversions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Driftwood Van Conversions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Driftwood Van Conversions Limited. You consider that Driftwood Van Conversions Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Driftwood Van Conversions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ
Driftwood Van Conversions Limited
(Registration number: 15619311)
Balance Sheet as at 30 April 2025
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Note |
2025 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
(1,028) |
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Shareholders' deficit |
(1,027) |
For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Driftwood Van Conversions Limited
Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Driftwood Van Conversions Limited
Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 30 April 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
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Staff numbers |
The average number of persons employed by the company during the period, was
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
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Due within one year |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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1 |