REGISTERED NUMBER: 13783399 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DISCOUNT DRIVEWAYS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

H Watton

Mrs T E Watton

REGISTERED OFFICE:

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

REGISTERED NUMBER:

13783399 (England and Wales)

ACCOUNTANTS:

Bradley Rhodes Limited

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

BANKERS:

HSBC Bank plc

226 High Street

Dudley

West Midlands

DY1 1PQ

FIXED ASSETS

Intangible assets

4

8,315

9,515

Tangible assets

5

34,441

39,289

42,756

48,804

CURRENT ASSETS

Debtors

3,209

3,556

Cash at bank

13,457

16,752

16,666

20,308

CREDITORS

Amounts falling due within one year

11,102

12,421

NET CURRENT ASSETS

5,564

7,887

TOTAL ASSETS LESS CURRENT LIABILITIES

48,320

56,691

CREDITORS

Amounts falling due after more than one year

(26,000

)

(36,000

)

PROVISIONS FOR LIABILITIES

6

(5,098

)

(3,042

)

NET ASSETS

17,222

17,649

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

17,122

17,549

SHAREHOLDERS' FUNDS

17,222

17,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:

H Watton - Director

1.	STATUTORY INFORMATION

Discount Driveways 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

12,000

AMORTISATION

At 1 January 2024

2,485

Amortisation for year

1,200

At 31 December 2024

3,685

NET BOOK VALUE

At 31 December 2024

8,315

At 31 December 2023

9,515

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

56,673

Additions

5,437

At 31 December 2024

62,110

DEPRECIATION

At 1 January 2024

17,384

Charge for year

10,285

At 31 December 2024

27,669

NET BOOK VALUE

At 31 December 2024

34,441

At 31 December 2023

39,289

6.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

5,098

3,042

Deferred

tax

£

Balance at 1 January 2024

3,042

Provided during year

2,056

Balance at 31 December 2024

5,098

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bradley Rhodes Limited

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

19 March 2025