IRIS Accounts Production v24.2.0.383 11726589 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117265892022-12-31117265892023-12-31117265892023-01-012023-12-31117265892021-12-31117265892022-01-012022-12-31117265892022-12-3111726589ns15:EnglandWales2023-01-012023-12-3111726589ns14:PoundSterling2023-01-012023-12-3111726589ns10:Director12023-01-012023-12-3111726589ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111726589ns10:SmallEntities2023-01-012023-12-3111726589ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111726589ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111726589ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111726589ns10:FullAccounts2023-01-012023-12-3111726589ns10:OrdinaryShareClass12023-01-012023-12-3111726589ns10:RegisteredOffice2023-01-012023-12-3111726589ns5:CurrentFinancialInstruments2023-12-3111726589ns5:CurrentFinancialInstruments2022-12-3111726589ns5:Non-currentFinancialInstruments2023-12-3111726589ns5:Non-currentFinancialInstruments2022-12-3111726589ns5:ShareCapital2023-12-3111726589ns5:ShareCapital2022-12-3111726589ns5:RetainedEarningsAccumulatedLosses2023-12-3111726589ns5:RetainedEarningsAccumulatedLosses2022-12-3111726589ns5:MotorVehicles2023-01-012023-12-3111726589ns5:ComputerEquipment2023-01-012023-12-3111726589ns5:MotorVehicles2022-12-3111726589ns5:ComputerEquipment2022-12-3111726589ns5:MotorVehicles2023-12-3111726589ns5:ComputerEquipment2023-12-3111726589ns5:MotorVehicles2022-12-3111726589ns5:ComputerEquipment2022-12-3111726589ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3111726589ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3111726589ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3111726589ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3111726589ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111726589ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111726589ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 11726589 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

East Midlands Driver Training Limited

East Midlands Driver Training Limited (Registered number: 11726589)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


East Midlands Driver Training Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D James





REGISTERED OFFICE: Galven House
Bakewell Road
Loughborough
Leicestershire
LE11 5QY





REGISTERED NUMBER: 11726589 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

East Midlands Driver Training Limited (Registered number: 11726589)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,202 22,372

CURRENT ASSETS
Debtors 5 20,380 9,485
Cash at bank and in hand 3,794 5,584
24,174 15,069
CREDITORS
Amounts falling due within one year 6 54,122 53,943
NET CURRENT LIABILITIES (29,948 ) (38,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,746

)

(16,502

)

CREDITORS
Amounts falling due after more than one
year

7

-

(2,841

)

PROVISIONS FOR LIABILITIES (3,648 ) (4,251 )
NET LIABILITIES (14,394 ) (23,594 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (14,494 ) (23,694 )
SHAREHOLDERS' FUNDS (14,394 ) (23,594 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

East Midlands Driver Training Limited (Registered number: 11726589)

Statement of Financial Position - continued
31 December 2023


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 18 September 2024 and were signed by:





D James - Director


East Midlands Driver Training Limited (Registered number: 11726589)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

East Midlands Driver Training Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 10% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

East Midlands Driver Training Limited (Registered number: 11726589)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

Going concern
These accounts have been prepared on a going concern basis, which assumes the continuing support of the company's directors and bankers.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 25,620 1,821 27,441
DEPRECIATION
At 1 January 2023 4,057 1,012 5,069
Charge for year 2,563 607 3,170
At 31 December 2023 6,620 1,619 8,239
NET BOOK VALUE
At 31 December 2023 19,000 202 19,202
At 31 December 2022 21,563 809 22,372

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 25,620
DEPRECIATION
At 1 January 2023 4,057
Charge for year 2,563
At 31 December 2023 6,620
NET BOOK VALUE
At 31 December 2023 19,000
At 31 December 2022 21,563

East Midlands Driver Training Limited (Registered number: 11726589)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,742 8,764
Called up share capital not paid 100 100
Prepayments 538 621
20,380 9,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,841 8,522
Trade creditors 4,442 1,103
Social security and other taxes 2,806 1,137
VAT 3,310 2,103
Other creditors 39,473 31,752
Accruals and deferred income - 7,288
Accrued expenses 1,250 2,038
54,122 53,943

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 2,841

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100