WEDRIVEYOU LTD


Director	DICKENSON, Robert Nigel


Registered Address	9 Newbury Drive
	Stratford-Upon-Avon
	CV37 9LZ


Registered Number	09204991 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		-		5,000
Tangible assets	4		188,571		206,358
			188,571		211,358
Current assets
Debtors		46,775		42,222
Cash at bank and on hand		32,728		30,060
		79,503		72,282
Creditors amounts falling due within one year	5	(292,673)		(313,227)
Net current assets (liabilities)			(213,170)		(240,945)
Total assets less current liabilities			(24,599)		(29,587)
Net assets			(24,599)		(29,587)
Capital and reserves
Called up share capital			100,100		100,100
Profit and loss account			(124,699)		(129,687)
Shareholders' funds			(24,599)		(29,587)

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 21 September 2025, and are signed on its behalf by:

DICKENSON, Robert Nigel
Director
Registered Company No. 09204991

WEDRIVEYOU LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period, and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business
combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less
accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised systematically over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the company will comply with the conditions and the
grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised systematically over the
periods in which the company recognises the related costs for which the grant is intended to
compensate. Grants receivable as compensation for expenses or losses already incurred or for the
purpose of giving immediate financial support to the entity with no future related costs are recognised in
income in the period in which it becomes receivable.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		4

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	50,000
	At 31 December 24	50,000
	Amortisation and impairment
	At 01 January 24	45,000
	Charge for year	5,000
	At 31 December 24	50,000
	Net book value
	At 31 December 24	-
	At 31 December 23	5,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	317,717
	Additions	59,449
	Disposals	(77,380)
	At 31 December 24	299,786
	Depreciation and impairment
	At 01 January 24	111,358
	Charge for year	60,978
	On disposals	(61,121)
	At 31 December 24	111,215
	Net book value
	At 31 December 24	188,571
	At 31 December 23	206,358

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	132,396	135,926
Bank borrowings and overdrafts	68,648	64,286
Taxation and social security	16,404	9,236
Finance lease and HP contracts	72,828	99,678
Other creditors	587	2,762
Accrued liabilities and deferred income	1,810	1,339
Total	292,673	313,227


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at an amortised cost determined using the effective interest method.

6.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	-		-