03608196falsethat of temporary employment agency activities2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:Director32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:Director42022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03608196

Drivers Relief! Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

(Ceased trading 31/03/2023)
Prepared By:
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

Drivers Relief! Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mr R F Stamp (resigned 6th February 2023)
Mrs F C Stamp (resigned 6th February 2023)
Mr J W R Stamp (resigned 6th February 2023)
Ms S L Weston
REGISTERED OFFICE
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03608196
ACCOUNTANTS
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

Drivers Relief! Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Drivers Relief! Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Intangible assets3-63,000
Tangible assets4-1,075
-64,075
CURRENT ASSETS
Stock5-13,182
Debtors6100180,321
Cash at bank and in hand-145,727
100339,230
CREDITORS: Amounts falling due within one year7-262,277
NET CURRENT ASSETS10076,953
TOTAL ASSETS LESS CURRENT LIABILITIES100141,028
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account-140,928
SHAREHOLDERS' FUNDS100141,028
For the year ending 31/03/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/12/2023 and signed on their behalf by
.............................
Ms S L Weston
Director

Drivers Relief! Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. General Information
Drivers Relief! Ltd is a private company, limited by shares and registered in England and Wales. The registered office address is stated on page 1 of these accounts. The company's principle activity is that of temporary employment agency activities.
1b. 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 years presented, unless otherwise stated.
1c. Basis Of Accounting Frs 102 1a
The accounts have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items shown at fair value.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1d. Revenue Recognition
Revenue is measured at 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.
1e. Government Grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are recognised in profit and loss when the expenditure is incurred.
1f. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Drivers Relief! Ltd

1g. Tangible Fixed Assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
1h. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipmentstraight line20%
1i. Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Goodwill is amortised over its estimated economic life to a maximum of 10 years.
1j. Cash And Cash Equivalents
Cash and cash equivalents comprise cash on hand and all 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.
1k. Trade Debtors
Trade debtors are amounts due from customers for products sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest metho, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
1l. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss.

Drivers Relief! Ltd

1m. Trade Creditors
Trade creditors are obligations to pay for goods or services that have bee 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 repoting 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.
1n. Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge of the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the cost effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
1o. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1p. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1q. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss.

Drivers Relief! Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees5962
3. INTANGIBLE FIXED ASSETS
GoodwillTotal
££
Cost
At 01/04/202290,00090,000
Disposals(90,000)(90,000)
At 31/03/2023--
Depreciation
At 01/04/202227,00027,000
Disposals(36,000)(36,000)
For the year9,0009,000
At 31/03/2023--
Net Book Amounts
At 31/03/2023--
At 31/03/202263,00063,000
4. TANGIBLE FIXED ASSETS
Office
EquipmentTotal
££
Cost
At 01/04/20222,1312,131
Disposals(2,131)(2,131)
At 31/03/2023--
Depreciation
At 01/04/20221,0561,056
Disposals(1,482)(1,482)
For the year426426
At 31/03/2023--
Net Book Amounts
At 31/03/2023--
At 31/03/20221,0751,075

Drivers Relief! Ltd

5. STOCK 20232022
££
Stock comprises:
Stock-584
Work in progress-12,598
-13,182
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-175,519
Other debtors-502
Amounts due from group companies100-
Prepayments and accrued income-4,300
100180,321
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-22,340
VAT-4,681
Directors current account-66,056
Trade creditors-72,756
Accruals and deferred income-96,444
-262,277
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary A shares of £1 each11
1 Ordinary B shares of £1 each11
1 Ordinary C shares of £1 each11
97 Ordinary shares of £1 each9797
100100

Drivers Relief! Ltd

9. RELATED PARTY TRANSACTIONS
During the year the company paid rent in the sum of £6,000 and management charges in the sum of £1,000 to the directors R F Stamp & F C Stamp (now resigned) in respect of the office premises