Company No: 03924458 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	16,600		22,134
		16,600		22,134
Current assets
Debtors	4	294,269		311,537
Cash at bank and in hand		8,468		642
		302,737		312,179
Creditors: amounts falling due within one year	5	( 19,075)		( 22,648)
Net current assets		283,662		289,531
Total assets less current liabilities		300,262		311,665
Creditors: amounts falling due after more than one year	6	( 40,000)		( 50,000)
Net assets		260,262		261,665
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		260,261		261,664
Total shareholder's funds		260,262		261,665

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lockhart School of Driving Limited (registered number: 03924458) were approved and authorised for issue by the Director on 22 December 2025. They were signed on its behalf by:

I R Lockhart Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lockhart School of Driving Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Lea House, 15 Pinewood Road, St Ives, Ringwood, Hampshire, BH24 2PA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The trading activity of the company has been changed from software deigning in the previous year to providing driving lessons in the current year and hence the previous year figures presented might not be comparable.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	23,086		32,321		55,407
At 31 March 2025	23,086		32,321		55,407
Accumulated depreciation
At 01 April 2024	952		32,321		33,273
Charge for the financial year	5,534		0		5,534
At 31 March 2025	6,486		32,321		38,807
Net book value
At 31 March 2025	16,600		0		16,600
At 31 March 2024	22,134		0		22,134

4. Debtors

	2025		2024
	£		£
Other debtors	294,269		311,537

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	19,075		22,648

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	40,000		50,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1