REGISTERED NUMBER: 06558203 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TECHNICAL DRIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Cole

S Cole

REGISTERED OFFICE:

Grosvenor House

123-129 High Street

Bromsgrove

Worcestershire

B61 8AE

REGISTERED NUMBER:

06558203 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

85,017

70,165

Investments

5

1

1

85,018

70,166

CURRENT ASSETS

Stocks

16,603

11,386

Debtors

6

1,581,106

819,925

Cash at bank and in hand

136,606

193,167

1,734,315

1,024,478

CREDITORS

Amounts falling due within one year

7

1,604,193

754,183

NET CURRENT ASSETS

130,122

270,295

TOTAL ASSETS LESS CURRENT LIABILITIES

215,140

340,461

CREDITORS

Amounts falling due after more than one year

8

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

(19,462

)

(13,584

)

NET ASSETS

194,011

315,210

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

193,911

315,110

194,011

315,210

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2025 and were signed on its behalf by:

S C Cole - Director

1.	STATUTORY INFORMATION

Technical Drive 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.

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Short term debtors are measured at the transaction price less impairment.

Short term creditors are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 35 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

49,194

144,095

193,289

Additions

-

30,113

30,113

Disposals

(33,700

)

(55,302

)

(89,002

)

At 31 March 2025

15,494

118,906

134,400

Depreciation

At 1 April 2024

38,545

84,579

123,124

Charge for year

2,390

11,782

14,172

Eliminated on disposal

(32,611

)

(55,302

)

(87,913

)

At 31 March 2025

8,324

41,059

49,383

Net book value

At 31 March 2025

7,170

77,847

85,017

At 31 March 2024

10,649

59,516

70,165

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 April 2024

and 31 March 2025

1

Net book value

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,442,788

677,517

Amounts owed by group undertakings

67,017

92,437

Amounts owed by connected companies

35,327

-

Other debtors

35,974

49,971

1,581,106

819,925

The amounts owed by group undertakings are to a fully-owned subsidiary, Technical Drive Digital Limited and the amounts owed by connected companies are to a company under common control. Both amounts are interest-free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

103,269

78,370

Amounts owed to connected companies

1,119,195

455,781

Taxation and social security

150,547

203,466

Other creditors

221,182

6,566

1,604,193

754,183

The amounts owed to connected companies are to a company under common control. These amounts are interest-free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,594

12,594

Between one and five years

18,891

31,485

31,485

44,079