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REGISTERED NUMBER: 08423835 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NORTON DRIVING SERVICES LIMITED

NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTON DRIVING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S J Weekes





REGISTERED OFFICE: Astral Accountancy Services
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR





REGISTERED NUMBER: 08423835 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,505 81,161

CURRENT ASSETS
Debtors 5 193 4,289

CREDITORS
Amounts falling due within one year 6 38,014 43,947
NET CURRENT LIABILITIES (37,821 ) (39,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,684

41,503

CREDITORS
Amounts falling due after more than one year 7 (16,894 ) (19,048 )

PROVISIONS FOR LIABILITIES 8 (14,701 ) (15,421 )
NET (LIABILITIES)/ASSETS (6,911 ) 7,034

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (6,912 ) 7,033
SHAREHOLDERS' FUNDS (6,911 ) 7,034

NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)

BALANCE SHEET - continued
31 JANUARY 2024


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 October 2024 and were signed by:





S J Weekes - Director


NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Norton Driving Services 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 15% on reducing balance
Commercial Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% 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.


NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Commercial
Plant & Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 February 2023 38,442 145,776 13,552 197,770
Additions 145 - - 145
At 31 January 2024 38,587 145,776 13,552 197,915
DEPRECIATION
At 1 February 2023 21,231 84,461 10,917 116,609
Charge for year 2,603 15,329 869 18,801
At 31 January 2024 23,834 99,790 11,786 135,410
NET BOOK VALUE
At 31 January 2024 14,753 45,986 1,766 62,505
At 31 January 2023 17,211 61,315 2,635 81,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 2,168
Prepayments 193 2,121
193 4,289

NORTON DRIVING SERVICES LIMITED (REGISTERED NUMBER: 08423835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,186 17,309
Hire purchase contracts 16,527 16,527
Trade creditors 2,153 3,233
Tax 22 22
VAT 333 -
Directors' current account 5,792 5,856
Accrued expenses 1,001 1,000
38,014 43,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 12,086 14,240
Hire purchase contracts 4,808 4,808
16,894 19,048

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,701 15,421

Deferred
tax
£   
Balance at 1 February 2023 15,421
Provided during year (720 )
Balance at 31 January 2024 14,701

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 Shares £1 1 1