Registered number
11354316
Young Driver Services Limited
Filleted Accounts
31 December 2023
Young Driver Services Limited
Registered number: 11354316
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 of insurance services and promotion of road safety awareness initiatives to Young Drivers.

The company diversified activities to include leasing a fleet of Electric vehicles to its associated Company to expand its range of activities for Young Drivers from the ages of 4 to 17.
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 on its behalf.
I M Mulingani
Director
Young Driver Services Limited
Accountants' Report
Accountants' report to the director of
Young Driver Services 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
Young Driver Services Limited
Registered number: 11354316
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 84,846 43,846
Current assets
Debtors 4 20,100 19
Cash at bank and in hand 49,253 14,521
69,353 14,540
Creditors: amounts falling due within one year 5 (143,724) (68,717)
Net current liabilities (74,371) (54,177)
Net assets/(liabilities) 10,475 (10,331)
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,375 (10,431)
Shareholder's funds 10,475 (10,331)
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 Services 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.
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 57,846
Additions 60,000
At 31 December 2023 117,846
Depreciation
At 1 January 2023 14,000
Charge for the year 19,000
At 31 December 2023 33,000
Net book value
At 31 December 2023 84,846
At 31 December 2022 43,846
4 Debtors 2023 2022
£ £
Trade debtors 12,014 19
Amounts owed by Associated Companies 8,086 -
20,100 19
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to Associated Companies 139,920 67,920
Taxation and social security costs 3,009 2
Other creditors 795 795
143,724 68,717
6 Other information
Young Driver Services 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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