1 November 2022 false No description of principal activity Taxfiler 2024.4 09285910business:PrivateLimitedCompanyLtd2022-11-012023-10-31 092859102022-10-31 092859102022-11-012023-10-31 09285910business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 09285910business:FilletedAccounts2022-11-012023-10-31 092859102023-10-31 09285910business:Director12022-11-012023-10-31 09285910business:Director22022-11-012023-10-31 09285910business:RegisteredOffice2022-11-012023-10-31 092859102022-10-31 09285910core:WithinOneYear2023-10-31 09285910core:WithinOneYear2022-10-31 09285910core:AfterOneYear2023-10-31 09285910core:AfterOneYear2022-10-31 09285910core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 09285910core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 09285910core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09285910core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 09285910core:PreviouslyStatedAmount2023-10-31 09285910core:PreviouslyStatedAmount2022-10-31 09285910business:SmallEntities2022-11-012023-10-31 09285910countries:EnglandWales2022-11-012023-10-31 09285910core:MotorVehicles2022-11-012023-10-31 09285910core:ComputerEquipment2022-11-012023-10-31 09285910core:PlantMachinery2022-10-31 09285910core:MotorVehicles2022-10-31 09285910core:ComputerEquipment2022-10-31 09285910core:PlantMachinery2023-10-31 09285910core:MotorVehicles2023-10-31 09285910core:ComputerEquipment2023-10-31 09285910core:PlantMachinery2022-11-012023-10-31 09285910core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-10-31 09285910core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-10-31 09285910core:AfterOneYear2022-11-012023-10-31 09285910core:AcceleratedTaxDepreciationDeferredTax2023-10-31 09285910core:AcceleratedTaxDepreciationDeferredTax2022-10-31 092859102021-10-31 092859102021-11-012022-10-31 09285910business:OrdinaryShareClass12022-11-012023-10-31 09285910business:OrdinaryShareClass12021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09285910 (England and Wales)
D.U. DRIVE 4 YOU LTD Unaudited accounts for the year ended 31 October 2023
D.U. DRIVE 4 YOU LTD Unaudited accounts Contents
Page
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D.U. DRIVE 4 YOU LTD Company Information for the year ended 31 October 2023
Directors
Dariusz Urbaczka Artur Bukala
Company Number
09285910 (England and Wales)
Registered Office
83 Macaulay Drive Lincoln Lincolnshire LN2 4EN United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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D.U. DRIVE 4 YOU LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
125,500 
156,876 
Current assets
Debtors
25,181 
11,736 
Cash at bank and in hand
22,024 
28,591 
47,205 
40,327 
Creditors: amounts falling due within one year
(101,063)
(65,377)
Net current liabilities
(53,858)
(25,050)
Total assets less current liabilities
71,642 
131,826 
Creditors: amounts falling due after more than one year
(35,210)
(78,605)
Provisions for liabilities
Deferred tax
(23,822)
(31,163)
Net assets
12,610 
22,058 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,510 
21,958 
Shareholders' funds
12,610 
22,058 
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Dariusz Urbaczka Director Company Registration No. 09285910
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D.U. DRIVE 4 YOU LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
D.U. DRIVE 4 YOU LTD is a private company, limited by shares, registered in England and Wales, registration number 09285910. The registered office is 83 Macaulay Drive, Lincoln, Lincolnshire, LN2 4EN, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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D.U. DRIVE 4 YOU LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
2,903 
264,090 
4,750 
271,743 
At 31 October 2023
2,903 
264,090 
4,750 
271,743 
Depreciation
At 1 November 2022
1,085 
111,804 
1,978 
114,867 
Charge for the year
364 
30,458 
554 
31,376 
At 31 October 2023
1,449 
142,262 
2,532 
146,243 
Net book value
At 31 October 2023
1,454 
121,828 
2,218 
125,500 
At 31 October 2022
1,818 
152,286 
2,772 
156,876 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
86,598 
108,247 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,500 
- 
Amounts falling due after more than one year
Other debtors
2,681 
11,736 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,849 
8,236 
Obligations under finance leases and hire purchase contracts
45,971 
45,971 
Trade creditors
20,000 
- 
Taxes and social security
16,946 
7,641 
Other creditors
610 
610 
Loans from directors
602 
1,834 
Accruals
1,085 
1,085 
101,063 
65,377 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
35,210 
78,605 
Hire purchase agreements: Due after 12 months: £32,210
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D.U. DRIVE 4 YOU LTD Notes to the Accounts for the year ended 31 October 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
23,822 
31,163 
2023 
2022 
£ 
£ 
Provision at start of year
31,163 
32,151 
Credited to the profit and loss account
(7,341)
(988)
Provision at end of year
23,822 
31,163 
The balance of the deferred taxation reserve has been created due to accelerated capital allowances. These reserves will reverse in future periods and create a tax liability at the prevailing rate on the day
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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