DRIVE RICHES LIMITED - Accounts

DRIVE RICHES LIMITED - Accounts

DRIVE RICHES LIMITED - Company Information

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Registered Number: 09368656
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 December 2022

for

DRIVE RICHES LIMITED

DRIVE RICHES LIMITED
Statement of financial position
As at 30 December 2022
 
 		  
£		 2022
£		    
£		 2021
£
Fixed assets 1,124  1,405 
Current assets 13,008  12,265 
Creditors: amount falling due within one year (3,524) (3,144)
Net current assets 9,484  9,121 
Total assets less current liabilities 10,608  10,526 
Creditors: amount falling due after more than one year (5,196) (6,452)
Net assets 5,412  4,074 
 
Capital and reserves 5,412  4,074 
 
  1. For the year ended 30 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Matthew Riches
Director

Date approved: 29 September 2023
1

DRIVE RICHES LIMITED
Notes to the accounts
For the year ended 30 December 2022

Statutory Information
DRIVE RICHES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 09368656, registration address Unit 6 Foxtail Road, Ransomes Industrial Estate, Ipswich, Suffolk, IP3 9RT, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Motor vehicles   Total
  £   £
At 31 December 2021 3,320    3,320 
Additions -    - 
Disposals -    - 
At 30 December 2022 3,320    3,320 
Depreciation
At 31 December 2021 1,915    1,915 
Charge for year 281    281 
On disposals -    - 
At 30 December 2022 2,196    2,196 
Net book values
Closing balance as at 30 December 2022 1,124    1,124 
Opening balance as at 31 December 2021 1,405    1,405 

3.

Average number of employees

Average number of employees during the year was 1  (2021: 1).
2