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REGISTERED NUMBER: 07165753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DRIVER SERVICES (SUSSEX) LIMITED

DRIVER SERVICES (SUSSEX) LIMITED (REGISTERED NUMBER: 07165753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRIVER SERVICES (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr R Baker





REGISTERED OFFICE: 4 Spur Road
Cosham
Portsmouth
Hampshire
PO6 3EB





REGISTERED NUMBER: 07165753 (England and Wales)





ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB

DRIVER SERVICES (SUSSEX) LIMITED (REGISTERED NUMBER: 07165753)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,088 280,351

CURRENT ASSETS
Debtors 5 864 12,285
Cash at bank 54,065 181,399
54,929 193,684
CREDITORS
Amounts falling due within one year 6 125,359 247,408
NET CURRENT LIABILITIES (70,430 ) (53,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,658

226,627

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 170,657 226,626
SHAREHOLDERS' FUNDS 170,658 226,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

DRIVER SERVICES (SUSSEX) LIMITED (REGISTERED NUMBER: 07165753)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Mr R Baker - Director


DRIVER SERVICES (SUSSEX) LIMITED (REGISTERED NUMBER: 07165753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Driver Services (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tooling and development - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office Equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Tooling
Plant and and Motor Office
machinery development vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 256,607 42,658 256,744 2,907 558,916
Additions - - - 383 383
At 28 February 2023 256,607 42,658 256,744 3,290 559,299
DEPRECIATION
At 1 March 2022 107,973 30,553 138,102 1,937 278,565
Charge for year 29,726 2,421 7,228 271 39,646
At 28 February 2023 137,699 32,974 145,330 2,208 318,211
NET BOOK VALUE
At 28 February 2023 118,908 9,684 111,414 1,082 241,088
At 28 February 2022 148,634 12,105 118,642 970 280,351

DRIVER SERVICES (SUSSEX) LIMITED (REGISTERED NUMBER: 07165753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 864 12,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2 4
Tax - 25
Social security and other taxes - 443
VAT 427 21,245
Other creditors 1,093 4,426
Credit Card 133 2,270
Directors' current accounts 123,704 218,995
125,359 247,408

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1.00 1 1

8. RESERVES
Retained
earnings
£   

At 1 March 2022 226,626
Deficit for the year (55,969 )
At 28 February 2023 170,657