REGISTERED NUMBER: 10404405 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Driver 61 Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S K Mansell

Ms S D C Villalba DelCastillo

REGISTERED OFFICE:

Mulberry House

John Street

Stratford upon Avon

Warwickshire

CV37 6UB

REGISTERED NUMBER:

10404405 (England and Wales)

ACCOUNTANTS:

Silvester Parker Limited

The Spinney

Beausale

Warwick

Warwickshire

CV35 7NU

FIXED ASSETS

Tangible assets

4

20,983

30,806

CURRENT ASSETS

Debtors

46,645

40,935

Cash at bank

92,313

159,593

138,958

200,528

CREDITORS

Amounts falling due within one year

67,423

88,760

NET CURRENT ASSETS

71,535

111,768

TOTAL ASSETS LESS CURRENT LIABILITIES

92,518

142,574

CREDITORS

Amounts falling due after more than one year

5

(29,687

)

(36,090

)

PROVISIONS FOR LIABILITIES

(5,048

)

(5,853

)

NET ASSETS

57,783

100,631

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

57,683

100,531

SHAREHOLDERS' FUNDS

57,783

100,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

S K Mansell - Director

1.	STATUTORY INFORMATION

Driver 61 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

65,376

Additions

5,387

Disposals

(3,900

)

At 31 December 2024

66,863

DEPRECIATION

At 1 January 2024

34,570

Charge for year

12,870

Eliminated on disposal

(1,560

)

At 31 December 2024

45,880

NET BOOK VALUE

At 31 December 2024

20,983

At 31 December 2023

30,806

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.24

31.12.23

£

£

Repayable by instalments

Bank loans more 5 yr by instal

29,687

36,090

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S K Mansell

Balance outstanding at start of year

14,275

10,995

Amounts advanced

10,070

3,280

Amounts repaid

(3,280

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,065

14,275

Interest has been charged on the loan using the prevailing HMRC approved rate of 2.25%.

The increase in the directors loan account balance was cleared by a repayment of £9000 in January 2025 together with a dividend of £1070 declared on the 25th September 2025