2024-04-01 08673216 2025-03-31 08673216 2024-04-01 2025-03-31 08673216 2024-03-31 08673216 2023-04-01 2024-03-31 08673216 uk-core:WithinOneYear 2024-03-31 08673216 uk-core:WithinOneYear 2025-03-31 08673216 uk-core:ShareCapital 2025-03-31 08673216 uk-core:ShareCapital 2024-03-31 08673216 uk-core:SharePremium 2025-03-31 08673216 uk-core:SharePremium 2024-03-31 08673216 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 08673216 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 08673216 uk-bus:Director1 2024-04-01 2025-03-31 08673216 uk-core:OfficeEquipment 2024-04-01 2025-03-31 08673216 uk-core:WithinOneYear 2025-03-31 08673216 uk-core:WithinOneYear 2024-03-31 08673216 uk-core:WithinOneYear 2024-04-01 2025-03-31 08673216 uk-core:BetweenTwoFiveYears 2024-03-31 08673216 uk-core:BetweenTwoFiveYears 2025-03-31 iso4217:GBP xbrli:pure 08673216 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08673216 uk-bus:FRS102 2024-04-01 2025-03-31 08673216 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 08673216 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
U Drive Cover Limited
Registered Number:08673216
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
U Drive Cover Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08673216
As at 31 March 2025
U Drive Cover Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
26,605
19,224
2
26,605
19,224
Current assets
Trade and other receivables
2,607,317
2,073,729
3
1,969,308
Cash and cash equivalents
2,159,939
4,233,668
4,576,625
Trade and other payables: amounts falling due within one
year
(3,876,452)
(3,815,884)
4
700,173
417,784
Net current assets
Total assets less current liabilities
444,389
719,397
(6,651)
(4,806)
Provisions for liabilities
437,738
Net assets
714,591
Capital and reserves
Called up share capital
100,000
100,000
Share premium account
160,000
160,000
Retained earnings
177,738
454,591
437,738
714,591
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J A Hanna Director
These financial statements were approved and authorised for issue by the Board on 19 August 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2025
U Drive Cover Limited
Notes to the Financial Statements
Statutory Information
U Drive Cover Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08673216.
Principal place of business:
Grosvenor House
4 - 7 Station Road
Sunbury on Thames
TW16 6SB
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents commission and fees earned in the year.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% or 33.3% Straight line
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2025
U Drive Cover Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Equipment
£
Cost or
valuation
At 01 April 2024
115,338
23,634
Additions
At 31 March 2025
138,972
Provision for depreciation and impairment
At 01 April 2024
96,114
Charge for year
16,253
At 31 March 2025
112,367
At 31 March 2025
Net book value
26,605
At 31 March 2024
19,224
3. Trade and other receivables
2024
2025
£
£
Trade debtors
1,779,511
2,238,829
Other debtors
294,218
368,488
2,607,317
2,073,729
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
7
7
Trade creditors
2,534,336
2,664,715
Taxation and social security
1,069,806
747,772
Other creditors
211,735
463,958
3,815,884
3,876,452
Included within taxation and social security is corporation tax of £1,005,423 (2024: £697,279).
5. Related party transactions
Dividends of £3,188,805 were paid to the shareholders in the year.
The company is under the effective control of its directors.
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6
For the year ended 31 March 2025
U Drive Cover Limited
Notes to the Financial Statements Continued
6. Guarantees and other financial commitments
Lease commitments
At 31 March 2025 the company had annual commitments under non-cancellable operating leases as set out below:
2024
£
2025
£
Operating leases which expire:
56,250
-
Within 1 year
131,250
-
Within 2 to 5 years
56,250
131,250
Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at the year
end.
7. Average number of persons employed
During the year the average number of employees was 69 (2024 : 55)
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