Registered number
09807120
Young Driver Motor Cars Limited
Report and Accounts
31 December 2023
Young Driver Motor Cars Limited
Registered number: 09807120
Director's Report
The director presents his report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year continued to be the development and provision of electric vehicles for driving instruction to young drivers.

Exciting development of a new vehicle using advances in technology and innovative battery technology gives the company a platform to lauch new sales opportunities in the next year and beyond.
Directors
The following persons served as directors during the year:
I M Mulingani
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 February 2024 and signed by its order.
I M Mulingani
Secretary
Young Driver Motor Cars Limited
Accountants' Report
Accountants' report to the director of
Young Driver Motor Cars Limited
You consider that the company is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accountancy Admin Ltd
Accountants
Seren Y Mor
Stad Gwastadgoed Isaf
Llwyngwril
Gwynedd
LL37 2LA
29 February 2024
Young Driver Motor Cars Limited
Registered number: 09807120
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 77,146 59,380
Current assets
Stocks - 52,500
Debtors 4 100 13,961
Cash at bank and in hand 145 53,233
245 119,694
Creditors: amounts falling due within one year 5 (56,429) (111,145)
Net current (liabilities)/assets (56,184) 8,549
Total assets less current liabilities 20,962 67,929
Creditors: amounts falling due after more than one year 6 (2,248) (3,952)
Net assets 18,714 63,977
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,614 63,877
Shareholder's funds 18,714 63,977
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I M Mulingani
Director
Approved by the board on 29 February 2024
Young Driver Motor Cars Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 144,052
Additions 42,446
Disposals (75,000)
At 31 December 2023 111,498
Depreciation
At 1 January 2023 84,672
Charge for the year 24,680
On disposals (75,000)
At 31 December 2023 34,352
Net book value
At 31 December 2023 77,146
At 31 December 2022 59,380
4 Debtors 2023 2022
£ £
Other debtors 100 13,961
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (Unsecured) 1,560 1,560
Trade creditors 2,003 101,158
Amounts owed to group undertakings and undertakings in which the company has a participating interest 49,576 7,532
Directors Loan 2,521 -
Other taxes and social security costs (26) -
Other creditors 795 895
56,429 111,145
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (Unsecured) 2,248 3,952
7 Other information
Young Driver Motor Cars Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly Grange
Holly Lane
Balsall Common
West Midlands
CV7 7EB
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