Company Registration No. 02288469 (England and Wales)
Drive-tech Limited
Unaudited accounts
for the year ended 31 December 2024
Drive-tech Limited
Unaudited accounts
Contents
Drive-tech Limited
Company Information
for the year ended 31 December 2024
Directors
Alan Cooper
Jayne Cooper
Company Number
02288469 (England and Wales)
Registered Office
Glanyrafon Isaf
Brynberian
Newport
Pembrokeshire
SA41 3TG
Wales
Drive-tech Limited
Statement of financial position
as at 31 December 2024
Tangible assets
52,825
60,176
Cash at bank and in hand
16,798
20,754
Creditors: amounts falling due within one year
(124,868)
(137,773)
Net current assets
133
7,593
Total assets less current liabilities
52,958
67,769
Creditors: amounts falling due after more than one year
(14,812)
(24,951)
Called up share capital
100
100
Profit and loss account
38,046
42,718
Shareholders' funds
38,146
42,818
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Alan Cooper
Director
Company Registration No. 02288469
Drive-tech Limited
Notes to the Accounts
for the year ended 31 December 2024
Drive-tech Limited is a private company, limited by shares, registered in England and Wales, registration number 02288469. The registered office is Glanyrafon Isaf, Brynberian, Newport, Pembrokeshire, SA41 3TG, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 50 years
Plant & machinery
Over 5 years
Motor vehicles
Over 4 years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
151,000
188,742
76,504
416,246
At 31 December 2024
151,000
188,742
76,504
416,246
At 1 January 2024
143,504
142,516
70,050
356,070
Charge for the year
200
5,000
2,151
7,351
At 31 December 2024
143,704
147,516
72,201
363,421
At 31 December 2024
7,296
41,226
4,303
52,825
At 31 December 2023
7,496
46,226
6,454
60,176
Drive-tech Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
107,578
113,178
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,800
4,800
Trade creditors
1,200
8,632
Taxes and social security
5,843
25,102
Other creditors
100,987
99,239
Loans from directors
221
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).