ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 08906566

RSM DRIVER TRAINING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

RSM DRIVER TRAINING LIMITED

REGISTERED NUMBER: 08906566

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		31,778		43,303
			31,778		43,303
Current assets
Debtors: amounts falling due within one year	5	118,050		64,531
Cash at bank and in hand	6	1,570		23,145
		119,620		87,676
Creditors: amounts falling due within one year	7	(772,060)		(672,960)
Net current liabilities			(652,440)		(585,284)
Total assets less current liabilities			(620,662)		(541,981)
Creditors: amounts falling due after more than one year	8		(2,500)		(12,500)

Net liabilities			(623,162)		(554,481)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(623,262)	(554,581)
	(623,162)	(554,481)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 December 2025.

N Harvey

Page 1

RSM DRIVER TRAINING LIMITED

REGISTERED NUMBER: 08906566

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

RSM DRIVER TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is a private company limited by shares and is registered in England and Wales. The
address of the registered office is Peartree Farm Mole Hill Green, Felsted, Dunmow, Essex, CM6 3JP,
England.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Going concern

In view of the excess of liabilities over assets at the balance sheet date amounting to £623,162 the
going concern basis for the preperation of the financial statements is dependent upon the continued
support of the company's creditors.

As the creditors have continued to support the company and the Director's expect them to continue to do so, they are of the opinion that the financial statements should continue be prepared on the going concern basis.

Page 3

RSM DRIVER TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

RSM DRIVER TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	58,636	14,950	7,551	81,137
At 31 March 2025	58,636	14,950	7,551	81,137
Depreciation
At 1 April 2024	26,797	5,135	5,902	37,834
Charge for the year on owned assets	7,960	2,454	1,111	11,525
At 31 March 2025	34,757	7,589	7,013	49,359
Net book value
At 31 March 2025	23,879	7,361	538	31,778
At 31 March 2024	31,839	9,815	1,649	43,303

Debtors

					2025	2024
					£	£


Trade debtors	99,672	47,782
Prepayments and accrued income	18,378	16,749
	118,050	64,531

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,570	23,145
	1,570	23,145

Page 5

RSM DRIVER TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,000	10,000
Director's loan	623,225	565,262
Trade creditors	36,672	14,979
Other taxation and social security	20,873	21,028
Other creditors	79,290	59,691
Accruals and deferred income	2,000	2,000
	772,060	672,960

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	2,500	12,500
	2,500	12,500

Amounts falling due within one year
Bank loans	10,000	10,000
	10,000	10,000
Amounts falling due 1-2 years
Bank loans	2,500	10,000
	2,500	10,000
Amounts falling due 2-5 years
Bank loans	-	2,500
	-	2,500

	12,500	22,500

Page 6

RSM DRIVER TRAINING LIMITED

Page 7