Registration number: 15342536

Drive Personnel Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Drive Personnel Limited

Company Information

Directors

Christopher Alan Bryant Laraine Ann Bryant

Company secretary

Laraine Ann Bryant

Registered office

Botley Mills Botley Southampton Hampshire SO30 2GB

Accountants

Prescient Accounting Ltd Chartered Accountants Basepoint Abbey Park Industrial Estate Romsey Hampshire SO51 9AQ

Drive Personnel Limited

(Registration number: 15342536)
Balance Sheet as at 30 April 2025

	Note	2025 £
Fixed assets
Intangible assets	4	36,719
Tangible assets	5	8,018
		44,737
Current assets
Debtors	6	274,576
Cash at bank and in hand		2,609
		277,185
Creditors: Amounts falling due within one year	7	(321,864)
Net current liabilities		(44,679)
Net assets		58
Capital and reserves
Called up share capital	8	2
Retained earnings		56
Shareholders' funds		58

For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:
 

Drive Personnel Limited

(Registration number: 15342536)
Balance Sheet as at 30 April 2025 (continued)

......................................... Christopher Alan Bryant Director

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Botley Mills
Botley
Southampton
Hampshire
SO30 2GB
England

These financial statements were authorised for issue by the Board on 4 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line
Motor vehicles	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025 (continued)

2	Accounting policies (continued)

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 40.

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	45,899	45,899
At 30 April 2025	45,899	45,899
Amortisation
Amortisation charge	9,180	9,180
At 30 April 2025	9,180	9,180
Carrying amount
At 30 April 2025	36,719	36,719

5	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
Additions	9,191	1,500	10,691
At 30 April 2025	9,191	1,500	10,691
Depreciation
Charge for the period	2,298	375	2,673
At 30 April 2025	2,298	375	2,673
Carrying amount
At 30 April 2025	6,893	1,125	8,018

6

Debtors

Current	2025 £
Trade debtors	213,049
Other debtors	61,527
	274,576

Drive Personnel Limited

Notes to the Unaudited Financial Statements for the Period from 11 December 2023 to 30 April 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings	9	195,301
Trade creditors		11,299
Taxation and social security		107,291
Accruals and deferred income		2,750
Other creditors		5,223
		321,864

Creditors include loans and borrowings which are secured of £187,924. The loans and borrowings are secured against the assets to which they relate.

8	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary of £1 each	2	2

9	Loans and borrowings

Current loans and borrowings

	2025 £
Bank borrowings	7,377
Other borrowings	187,924
	195,301