Registered number
07085881
URBAN DRIVE SCHOOL LIMITED
Filleted Accounts
30 November 2023
URBAN DRIVE SCHOOL LIMITED
Registered number: 07085881
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 225 450
Current assets
Debtors 4 100 100
Cash at bank and in hand 3,292 2,608
3,392 2,708
5 (3,000) (3,159)
Net current assets/(liabilities) 392 (451)
Total assets less current liabilities 617 (1)
Creditors: amounts falling due after more than one year 6 (1,451) (2,058)
Net liabilities (834) (2,059)
Capital and reserves
Called up share capital 100 100
Profit and loss account (934) (2,159)
Shareholders' funds (834) (2,059)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Rafal Marek Urban
Director
Approved by the board on 20 August 2024
URBAN DRIVE SCHOOL LIMITED
Notes to the Accounts
for the year ended 30 November 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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 December 2022 1,769
At 30 November 2023 1,769
Depreciation
At 1 December 2022 1,319
Charge for the year 225
At 30 November 2023 1,544
Net book value
At 30 November 2023 225
At 30 November 2022 450
4 Debtors 2023 2022
£ £
Other debtors 100 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 42 42
Other taxes and social security costs 1,510 1,728
Other creditors 1,448 1,389
3,000 3,159
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,451 2,058
7 Other information
URBAN DRIVE SCHOOL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
84 Dunsford Close
Wiltshire
Swindon
SN1 4PW
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