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FTW DRIVING LTD

Registered Number
10239546
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FTW DRIVING LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

HADDOCK, Paul

Registered Address

32 Hawksmoor Close
High Wycombe
HP13 5AR

Registered Number

10239546 (England and Wales)
FTW DRIVING LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3601841
601841
Current assets
Debtors411,4938,423
Cash at bank and on hand1,0853,065
12,57811,488
Creditors amounts falling due within one year5(11,384)(8,421)
Net current assets (liabilities)1,1943,067
Total assets less current liabilities1,7953,908
Creditors amounts falling due after one year6(1,773)(3,811)
Net assets2297
Capital and reserves
Called up share capital1010
Profit and loss account1287
Shareholders' funds2297
The financial statements were approved and authorised for issue by the Director on 13 August 2024, and are signed on its behalf by:
HADDOCK, Paul
Director
Registered Company No. 10239546
FTW DRIVING LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 235488981,446
At 30 June 245488981,446
Depreciation and impairment
At 01 July 23459146605
Charge for year89151240
At 30 June 24548297845
Net book value
At 30 June 24-601601
At 30 June 2389752841
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests10,1057,035
Other debtors1,3881,388
Total11,4938,423
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts2,2272,189
Taxation and social security7,5494,700
Accrued liabilities and deferred income1,6081,532
Total11,3848,421
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,7733,811
Total1,7733,811
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
HADDOCK, Paul7,03541,09438,02410,105
7,03541,09438,02410,105