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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
Page
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Drive-tech Limited Company Information for the year ended 31 December 2024
Directors
Alan Cooper Jayne Cooper
Secretary
Jayne Cooper
Company Number
02288469 (England and Wales)
Registered Office
Glanyrafon Isaf Brynberian Newport Pembrokeshire SA41 3TG Wales
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Drive-tech Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,825 
60,176 
Current assets
Debtors
108,203 
124,612 
Cash at bank and in hand
16,798 
20,754 
125,001 
145,366 
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)
Net assets
38,146 
42,818 
Capital and reserves
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
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Drive-tech Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 December 2024
7,296 
41,226 
4,303 
52,825 
At 31 December 2023
7,496 
46,226 
6,454 
60,176 
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Drive-tech Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
625 
945 
Amounts due from group undertakings etc.
107,578 
113,178 
Other debtors
- 
10,489 
108,203 
124,612 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,800 
4,800 
VAT
11,817 
- 
Trade creditors
1,200 
8,632 
Taxes and social security
5,843 
25,102 
Other creditors
100,987 
99,239 
Loans from directors
221 
- 
124,868 
137,773 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,812 
24,951 
8
Share capital
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).
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