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Company Registration No. 11215537 (England and Wales)
IV DRIVERS LTD Unaudited accounts for the year ended 28 February 2023
IV DRIVERS LTD Unaudited accounts Contents
Page
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IV DRIVERS LTD Company Information for the year ended 28 February 2023
Director
Vanyo Penev
Company Number
11215537 (England and Wales)
Registered Office
105 KENSINGTON ROAD IPSWICH IP1 4LB ENGLAND
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IV DRIVERS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,644 
7,731 
Current assets
Cash at bank and in hand
71,455 
104,102 
Creditors: amounts falling due within one year
(57,418)
(71,589)
Net current assets
14,037 
32,513 
Total assets less current liabilities
46,681 
40,244 
Creditors: amounts falling due after more than one year
(26,710)
(35,517)
Net assets
19,971 
4,727 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,970 
4,726 
Shareholders' funds
19,971 
4,727 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2023 and were signed on its behalf by
Vanyo Penev Director Company Registration No. 11215537
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IV DRIVERS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
IV DRIVERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11215537. The registered office is 105 KENSINGTON ROAD, IPSWICH, IP1 4LB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
45,233 
Additions
32,079 
At 28 February 2023
77,312 
Depreciation
At 1 March 2022
37,502 
Charge for the year
7,166 
At 28 February 2023
44,668 
Net book value
At 28 February 2023
32,644 
At 28 February 2022
7,731 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
43,206 
48,750 
Taxes and social security
14,212 
21,805 
Loans from directors
- 
1,034 
57,418 
71,589 
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IV DRIVERS LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,710 
35,517 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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