IRIS Accounts Production v24.2.0.383 08838927 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088389272023-01-31088389272024-01-31088389272023-02-012024-01-31088389272022-01-31088389272022-02-012023-01-31088389272023-01-3108838927ns15:EnglandWales2023-02-012024-01-3108838927ns14:PoundSterling2023-02-012024-01-3108838927ns10:Director12023-02-012024-01-3108838927ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108838927ns10:SmallEntities2023-02-012024-01-3108838927ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108838927ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108838927ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108838927ns10:FullAccounts2023-02-012024-01-3108838927ns10:RegisteredOffice2023-02-012024-01-3108838927ns5:CurrentFinancialInstruments2024-01-3108838927ns5:CurrentFinancialInstruments2023-01-3108838927ns5:ShareCapital2024-01-3108838927ns5:ShareCapital2023-01-3108838927ns5:RetainedEarningsAccumulatedLosses2024-01-3108838927ns5:RetainedEarningsAccumulatedLosses2023-01-3108838927ns5:FurnitureFittings2023-02-012024-01-3108838927ns5:ComputerEquipment2023-02-012024-01-3108838927ns5:FurnitureFittings2023-01-3108838927ns5:ComputerEquipment2023-01-3108838927ns5:FurnitureFittings2024-01-3108838927ns5:ComputerEquipment2024-01-3108838927ns5:FurnitureFittings2023-01-3108838927ns5:ComputerEquipment2023-01-3108838927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108838927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 08838927 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Drive For Excellence Ltd

Drive For Excellence Ltd (Registered number: 08838927)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Drive For Excellence Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A J Denyer



REGISTERED OFFICE: 39 Marham Drive
Kingsway
Gloucester
Gloucestershire
GL2 2DL



REGISTERED NUMBER: 08838927 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: TSB Bank
Severnvale Shopping Centre
Quedgeley
Gloucester
GL2 4PE

Drive For Excellence Ltd (Registered number: 08838927)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 705 1,055

CURRENT ASSETS
Debtors 5 8,066 2,403
Cash at bank and in hand 17,920 15,876
25,986 18,279
CREDITORS
Amounts falling due within one year 6 17,210 12,787
NET CURRENT ASSETS 8,776 5,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,481

6,547

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,480 6,546
SHAREHOLDERS' FUNDS 9,481 6,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





A J Denyer - Director


Drive For Excellence Ltd (Registered number: 08838927)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Drive For Excellence Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Drive For Excellence Ltd (Registered number: 08838927)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 February 2023 241 3,818 4,059
Additions 756 - 756
At 31 January 2024 997 3,818 4,815
Depreciation
At 1 February 2023 241 2,763 3,004
Charge for year 189 917 1,106
At 31 January 2024 430 3,680 4,110
Net book value
At 31 January 2024 567 138 705
At 31 January 2023 - 1,055 1,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 7,571 1,878
Other debtors 495 525
8,066 2,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Taxation and social security 12,651 9,145
Other creditors 4,559 3,642
17,210 12,787