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Company Registration No. 14437825 (England and Wales)
Hera Driving School Ltd Unaudited accounts for the year ended 31 October 2024
Hera Driving School Ltd Unaudited accounts Contents
Page
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Hera Driving School Ltd Company Information for the year ended 31 October 2024
Director
KRUM KIRILOV IVANOV
Company Number
14437825 (England and Wales)
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Hera Driving School Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
197 
3,807 
Cash at bank and in hand
4 
1,500 
201 
5,307 
Creditors: amounts falling due within one year
(11,158)
(3,258)
Net current (liabilities)/assets
(10,957)
2,049 
Total assets less current liabilities
(10,957)
2,049 
Creditors: amounts falling due after more than one year
(927)
- 
Net (liabilities)/assets
(11,884)
2,049 
Capital and reserves
Share premium
100 
100 
Profit and loss account
(11,984)
1,949 
Shareholders' funds
(11,884)
2,049 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2025 and were signed on its behalf by
KRUM KIRILOV IVANOV Director Company Registration No. 14437825
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Hera Driving School Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Hera Driving School Ltd is a private company, limited by shares, registered in England and Wales, registration number 14437825.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,780 
Other debtors
197 
27 
197 
3,807 
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Hera Driving School Ltd Notes to the Accounts for the year ended 31 October 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,274 
Trade creditors
34 
325 
Taxes and social security
- 
1,659 
Loans from directors
10,939 
- 
Accruals
185 
- 
11,158 
3,258 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
927 
- 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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