Driving School Network Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14732423

		5 April 2025		5 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		783		783

			783		783
CURRENT ASSETS
Cash at bank and in hand		473		1,687

		473		1,687
Creditors: Amounts Falling Due Within One Year	5	(3,360 )		(2,669 )

NET CURRENT ASSETS (LIABILITIES)			(2,887 )		(982 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,104 )		(199 )

NET LIABILITIES			(2,104 )		(199 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(2,204 )		(299 )

SHAREHOLDERS' FUNDS			(2,104)		(199)

For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shaun Day

Director

10/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Driving School Network Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14732423 . The registered office is Office 14, Towyside Offices, Old Station Road, Carmarthen, Carmarthenshire, SA31 1JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance basis

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 6 April 2024	800

As at 5 April 2025	800

Depreciation
As at 6 April 2024	17

As at 5 April 2025	17

Net Book Value
As at 5 April 2025	783

As at 6 April 2024	783

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Driving School Network Ltd

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

5. Creditors: Amounts Falling Due Within One Year

	5 April 2025	5 April 2024
	£	£
Trade creditors	722	-
Amounts owed to participating interests	1,900	1,900
Other creditors	738	769

	3,360	2,669

6. Share Capital

	5 April 2025	5 April 2024
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

The company is a wholly owned subsidiary of Driver Education Group Ltd. The director of the company is also the sole shareholder and director of Driver Education Group Ltd.

During the year, the company engaged in the following related party transactions:

The company charged £4,998 (2024 : £1,750) to Shaun Day Driving School Franchise Ltd, another subsidiary of Driver Education Group Ltd, for services provided.

The company was charged £4,090 (2024 : £1,050) in management fees by its parent company, Driver Education Group Ltd.

At the year-end, the company owed £1,900 (2024 : £1,900) to its parent company. This balance is unsecured, interest-free, and repayable on demand.

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