ELITE DRIVING SCHOOL LTD


Director	GOLDTHORPE, Kevin


Registered Address	32 Kingston Road
	Willerby
	HU10 6BN


Registered Number	10413952 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,059		4,969
			4,059		4,969
Current assets
Debtors	4	44		1,500
Cash at bank and on hand		4,271		4,628
		4,315		6,128
Creditors amounts falling due within one year	5	(8,972)		(2,703)
Net current assets (liabilities)			(4,657)		3,425
Total assets less current liabilities			(598)		8,394
Creditors amounts falling due after one year	6		-		(6,680)
Net assets			(598)		1,714
Capital and reserves
Called up share capital			1		1
Profit and loss account			(599)		1,713
Shareholders' funds			(598)		1,714

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 financial statements were approved and authorised for issue by the Director on 29 October 2025, and are signed on its behalf by:

GOLDTHORPE, Kevin
Director
Registered Company No. 10413952

ELITE DRIVING SCHOOL 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	20

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	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 amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	7,764	7,764
Additions	87	87
At 31 December 24	7,851	7,851
Depreciation and impairment
At 01 January 24	2,795	2,795
Charge for year	997	997
At 31 December 24	3,792	3,792
Net book value
At 31 December 24	4,059	4,059
At 31 December 23	4,969	4,969

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	1,500
Other debtors	44	-
Total	44	1,500

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,532	1,769
Bank borrowings and overdrafts	7,440	346
Taxation and social security	-	588
Total	8,972	2,703

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	6,680
Total	-	6,680

7.	Share capital
	1 Ordinary Share