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Registration number: 13219564

Driver Provider UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Driver Provider UK Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Driver Provider UK Ltd

Company Information

Directors

Mr MK Travers

Mr MJ Travers

Mr N Campbell

Ms MK Travers

Company secretary

Mr MK Travers

Registered office

Peartree Farm
Holyfield
Waltham Abbey
Essex
EN9 2EW

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Driver Provider UK Ltd

(Registration number: 13219564)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,407

3,209

Current assets

 

Debtors

5

362,212

142,196

Cash at bank and in hand

 

65,833

1,021

 

428,045

143,217

Creditors: Amounts falling due within one year

6

(265,955)

(97,937)

Net current assets

 

162,090

45,280

Net assets

 

164,497

48,489

Capital and reserves

 

Called up share capital

104

104

Retained earnings

164,393

48,385

Shareholders' funds

 

164,497

48,489

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
Mr MK Travers
Company secretary and director

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Peartree Farm
Holyfield
Waltham Abbey
Essex
EN9 2EW
England

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 6).

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

4,139

4,139

At 31 December 2024

4,139

4,139

Depreciation

At 1 January 2024

930

930

Charge for the year

802

802

At 31 December 2024

1,732

1,732

Carrying amount

At 31 December 2024

2,407

2,407

At 31 December 2023

3,209

3,209

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

123,861

43,974

Amounts owed by related parties

8

231,202

36,889

Prepayments

 

5,045

5,059

Other debtors

 

2,104

56,274

   

362,212

142,196

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

64,555

42,488

Amounts owed to related parties

8

24,000

29,500

Taxation and social security

 

74,686

21,284

Accruals and deferred income

 

2,594

4,353

Other creditors

 

100,120

312

 

265,955

97,937

Other creditors includes the carrying amount of debt factoring of £ 96,828(2023 - £Nil).
The loan is secured on the trade debtors to which it relates.

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,024 (2023 - £9,829).

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Key management
£

Total
£

At start of period

35,625

1,264

36,889

Advanced

191,077

4,500

195,577

Repaid

-

(1,264)

(1,264)

At end of period

226,702

4,500

231,202

2023

Entities with joint control or significant influence
£

Key management
£

Total
£

Advanced

35,625

1,264

36,889

At end of period

35,625

1,264

36,889

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

29,500

29,500

Repaid

(5,500)

(5,500)

At end of period

24,000

24,000

2023

Entities with joint control or significant influence
£

Total
£

At start of period

66,099

66,099

Advanced

7,727

7,727

Repaid

(44,326)

(44,326)

At end of period

29,500

29,500

Terms of loans from related parties

The amounts due to/from the related parties are unsecured, interest free with no fixed repayment terms.
 

 

Driver Provider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Parent and ultimate parent undertaking

The company's immediate parent is Hartsmil Limited , incorporated in England and Wales .

  These financial statements are available upon request from Pear Tree Farm, Holyfield, Waltham Abbey, Essex, EN9 2EW