Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-311true2021-01-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08798912 2021-01-01 2021-12-31 08798912 2020-01-01 2020-12-31 08798912 2021-12-31 08798912 2020-12-31 08798912 c:Director1 2021-01-01 2021-12-31 08798912 d:MotorVehicles 2021-01-01 2021-12-31 08798912 d:MotorVehicles 2021-12-31 08798912 d:MotorVehicles 2020-12-31 08798912 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 08798912 d:OfficeEquipment 2021-01-01 2021-12-31 08798912 d:OfficeEquipment 2021-12-31 08798912 d:OfficeEquipment 2020-12-31 08798912 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 08798912 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 08798912 d:CurrentFinancialInstruments 2021-12-31 08798912 d:CurrentFinancialInstruments 2020-12-31 08798912 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08798912 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 08798912 d:ShareCapital 2021-12-31 08798912 d:ShareCapital 2020-12-31 08798912 d:RetainedEarningsAccumulatedLosses 2021-12-31 08798912 d:RetainedEarningsAccumulatedLosses 2020-12-31 08798912 c:FRS102 2021-01-01 2021-12-31 08798912 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 08798912 c:FullAccounts 2021-01-01 2021-12-31 08798912 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 08798912










DRIVING WIZARDS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
DRIVING WIZARDS LIMITED
REGISTERED NUMBER: 08798912

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,140
760

  
1,140
760

Current assets
  

Debtors: amounts falling due within one year
 5 
2,737
1,950

Cash at bank and in hand
  
57,787
100,166

  
60,524
102,116

Creditors: amounts falling due within one year
 6 
(25,983)
(66,297)

Net current assets
  
 
 
34,541
 
 
35,819

Total assets less current liabilities
  
35,681
36,579

  

Net assets
  
35,681
36,579


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
35,680
36,578

  
35,681
36,579


Page 1

 
DRIVING WIZARDS LIMITED
REGISTERED NUMBER: 08798912
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 August 2022.




N S Faulkner
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DRIVING WIZARDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

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:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
DRIVING WIZARDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.Accounting policies (continued)

 
1.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Office equipment
-
33%
straight line

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 profit or loss.

 
1.6

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.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

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.

 
1.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
DRIVING WIZARDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.


General information

Driving Wizards Limited is a private company, limited by shares and registered in England.
Its registered number is: 08798912.
The address of its Registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
-
2,139
2,139


Additions
1
1,139
1,140



At 31 December 2021

1
3,278
3,279



Depreciation


At 1 January 2021
-
1,379
1,379


Charge for the year on owned assets
-
760
760



At 31 December 2021

-
2,139
2,139



Net book value



At 31 December 2021
1
1,139
1,140



At 31 December 2020
-
760
760

Page 5

 
DRIVING WIZARDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
2,485
1,660

Prepayments and accrued income
252
290

2,737
1,950



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
2,292
54

Corporation tax
5,418
2,776

Other taxation and social security
12,334
7,897

Other creditors
4,289
53,996

Accruals and deferred income
1,650
1,574

25,983
66,297


 
Page 6