Registered number
06979425
The Young Driver Training Limited
Filleted Accounts
31 December 2023
The Young Driver Training Limited
Registered number: 06979425
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 provision of driving experiences and associated activities to young people.

Sustainability

Young Driver is determined to lead the way on reducing its carbon footprint and teaching the next generation of drivers to drive more economically and to drive and choose cars to reduce their carbon footprints.

Our sustainability planning is working to the UN sustainable development goals.

In the short term we are offsetting our carbon emissions through tree and hedge planting. We use only forest friendly paper for all print, have implemented recycling at our office and at venues and have eliminated single use plastics from our operations. We are now moving on to evaluating the carbon footprint of our operations in order to better understand how to reduce and offset these with a target of being carbon neutral by 2025.
Directors
The following person served as director 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 on its behalf.
I M Mulingani
Director
The Young Driver Training Limited
Accountants' Report
Accountants' report to the director of
The Young Driver Training 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, the Statement of Changes in Equity 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
The Young Driver Training Limited
Registered number: 06979425
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 92,828 125,628
Current assets
Stocks 49,439 39,694
Debtors 4 508,555 452,190
Cash at bank and in hand 1,041,117 1,297,553
1,599,111 1,789,437
Creditors: amounts falling due within one year 5 (1,543,689) (1,827,159)
Net current assets/(liabilities) 55,422 (37,722)
Total assets less current liabilities 148,250 87,906
Creditors: amounts falling due after more than one year 6 (14,897) (24,196)
Net assets 133,353 63,710
Capital and reserves
Called up share capital 100 100
Share premium 59,989 59,989
Profit and loss account 73,264 3,621
Shareholders' funds 133,353 63,710
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 members have 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
The Young Driver Training 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 (as applied to small entities by section 1A of the standard).
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
Motor Vehicles 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 256,756 282,388 539,144
Additions - 4,767 4,767
At 31 December 2023 256,756 287,155 543,911
Depreciation
At 1 January 2023 240,014 173,502 413,516
Charge for the year 10,147 27,420 37,567
At 31 December 2023 250,161 200,922 451,083
Net book value
At 31 December 2023 6,595 86,233 92,828
At 31 December 2022 16,742 108,886 125,628
4 Debtors 2023 2022
£ £
Trade debtors 35,271 97,101
Directors Loan (overdrawn) - 1,799
Prepayments 111,985 110,364
Associated Company Loans 361,299 242,926
508,555 452,190
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (unsecured) 10,000 10,000
Trade creditors 262,016 322,842
Taxation and social security costs 199,667 232,956
Accruals and deferred Income 1,072,006 1,261,361
1,543,689 1,827,159
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (unsecured) 14,897 24,196
7 Related party transactions
During the year the Company leased offices from Hendrix Twig Ltd totalling £30,000 and leased Electric vehicles from Young Driver Motor Cars Ltd and Young Driver Services Ltd totalling £60,000. Funds owed by Associated Companies total £361,299 (2022 £242,926).
8 Other information
The Young Driver Training 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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