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REGISTERED NUMBER: 03077007 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2024

for

Cyberdrive Ltd

Cyberdrive Ltd (Registered number: 03077007)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyberdrive Ltd

Company Information
for the Year Ended 29 June 2024







DIRECTOR: Ms M H A Netty





REGISTERED OFFICE: 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 03077007 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Cyberdrive Ltd (Registered number: 03077007)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,904 609,458

CURRENT ASSETS
Debtors 5 500 1,292
Cash at bank 134,038 10,422
134,538 11,714
CREDITORS
Amounts falling due within one year 6 58,358 141,364
NET CURRENT ASSETS/(LIABILITIES) 76,180 (129,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,084

479,808

CREDITORS
Amounts falling due after more than
one year

7

5,060

393,966
NET ASSETS 182,024 85,842

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 181,924 85,742
SHAREHOLDERS' FUNDS 182,024 85,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cyberdrive Ltd (Registered number: 03077007)

Balance Sheet - continued
29 June 2024


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 27 June 2025 and were signed by:





Ms M H A Netty - Director


Cyberdrive Ltd (Registered number: 03077007)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Cyberdrive Ltd 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.

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 - 10% on reducing balance
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Cyberdrive Ltd (Registered number: 03077007)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 30 June 2023 606,691 18,140 2,650 627,481
Disposals (498,081 ) - - (498,081 )
At 29 June 2024 108,610 18,140 2,650 129,400
DEPRECIATION
At 30 June 2023 - 16,217 1,806 18,023
Charge for year - 192 281 473
At 29 June 2024 - 16,409 2,087 18,496
NET BOOK VALUE
At 29 June 2024 108,610 1,731 563 110,904
At 29 June 2023 606,691 1,923 844 609,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Other debtors 500 1,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Tax 25,003 24,599
Directors' current accounts 31,544 114,954
Accrued expenses 1,811 1,811
58,358 141,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.6.24 29.6.23
£    £   
Mortgages - 386,325
Bounce back loan 5,060 7,641
5,060 393,966

Cyberdrive Ltd (Registered number: 03077007)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 30 June 2023 85,742
Profit for the year 131,182
Dividends (35,000 )
At 29 June 2024 181,924