REGISTERED NUMBER: 08838927 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Drive For Excellence Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A J Denyer

REGISTERED OFFICE:

39 Marham Drive

Kingsway

Gloucester

Gloucestershire

GL2 2DL

REGISTERED NUMBER:

08838927 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

TSB Bank

Severnvale Shopping Centre

Quedgeley

Gloucester

GL2 4PE

FIXED ASSETS

Tangible assets

4

943

705

CURRENT ASSETS

Debtors

5

645

8,066

Cash at bank and in hand

18,037

17,920

18,682

25,986

CREDITORS

Amounts falling due within one year

6

14,017

17,210

NET CURRENT ASSETS

4,665

8,776

TOTAL ASSETS LESS CURRENT LIABILITIES

5,608

9,481

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

5,607

9,480

SHAREHOLDERS' FUNDS

5,608

9,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

A J Denyer - Director

1.	STATUTORY INFORMATION

Drive For Excellence Ltd 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 February 2024

997

3,818

4,815

Additions

-

848

848

Disposals

-

(608

)

(608

)

At 31 January 2025

997

4,058

5,055

Depreciation

At 1 February 2024

430

3,680

4,110

Charge for year

189

421

610

Eliminated on disposal

-

(608

)

(608

)

At 31 January 2025

619

3,493

4,112

Net book value

At 31 January 2025

378

565

943

At 31 January 2024

567

138

705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

-

7,571

Other debtors

645

495

645

8,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Taxation and social security

9,492

12,651

Other creditors

4,525

4,559

14,017

17,210