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REGISTERED NUMBER: 14180164 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Driven 2 Succeed Ltd

Driven 2 Succeed Ltd (Registered number: 14180164)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Driven 2 Succeed Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs H E Barker
L Barker





REGISTERED OFFICE: 54 Corbyns Hall Road
Brierley Hill
DY5 4QU





REGISTERED NUMBER: 14180164 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Driven 2 Succeed Ltd (Registered number: 14180164)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,212 9,615

CURRENT ASSETS
Debtors 5 1,529 1,402
Cash at bank 4,096 4,456
5,625 5,858
CREDITORS
Amounts falling due within one year 6 9,352 12,591
NET CURRENT LIABILITIES (3,727 ) (6,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,485

2,882

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 3,483 2,880
SHAREHOLDERS' FUNDS 3,485 2,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Driven 2 Succeed Ltd (Registered number: 14180164)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mrs H E Barker - Director


Driven 2 Succeed Ltd (Registered number: 14180164)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Driven 2 Succeed 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 reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Driven 2 Succeed Ltd (Registered number: 14180164)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 209 12,611 12,820
DEPRECIATION
At 1 July 2023 52 3,153 3,205
Charge for year 39 2,364 2,403
At 30 June 2024 91 5,517 5,608
NET BOOK VALUE
At 30 June 2024 118 7,094 7,212
At 30 June 2023 157 9,458 9,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 303 303
Prepayments and accrued income 1,226 1,099
1,529 1,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 4,384 -
Directors' current accounts 4,428 12,136
Accrued expenses 540 455
9,352 12,591

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

Driven 2 Succeed Ltd (Registered number: 14180164)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 2,880
Profit for the year 19,935
Dividends (19,332 )
At 30 June 2024 3,483

9. RELATED PARTY DISCLOSURES

The company paid dividends to its directors in the year under review as follows:

Mrs H E Merchant £19,332

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each hold 50 % of the share capital.