7 March 2024 false No description of principal activity Taxfiler 2024.6 15545871 business:PrivateLimitedCompanyLtd 2024-03-07 2025-03-31 15545871 2024-03-06 15545871 2024-03-07 2025-03-31 15545871 business:AuditExempt-NoAccountantsReport 2024-03-07 2025-03-31 15545871 business:FilletedAccounts 2024-03-07 2025-03-31 15545871 2025-03-31 15545871 business:Director1 2024-03-07 2025-03-31 15545871 core:WithinOneYear 2025-03-31 15545871 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 15545871 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 15545871 core:PreviouslyStatedAmount 2025-03-31 15545871 business:SmallEntities 2024-03-07 2025-03-31 15545871 countries:EnglandWales 2024-03-07 2025-03-31 15545871 core:FurnitureFittings 2024-03-07 2025-03-31 15545871 core:ComputerEquipment 2024-03-07 2025-03-31 15545871 core:FurnitureFittings 2024-03-06 15545871 core:ComputerEquipment 2024-03-06 15545871 core:FurnitureFittings 2025-03-31 15545871 core:ComputerEquipment 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. 15545871 (England and Wales)
Drivec Ltd Unaudited accounts for the period from 7 March 2024 to 31 March 2025
Drivec Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Drivec Ltd Company Information for the period from 7 March 2024 to 31 March 2025
Director
Ahmed Mujtaba
Company Number
15545871 (England and Wales)
Accountants
KSA Consultants Ltd T/A Sycamore Accounting Services 31a Dewsbury Gate Road Dewsbury WEST YORKSHIRE WF13 4AX
- 3 -
Drivec Ltd Statement of financial position as at 31 March 2025
2025
Notes
£
Fixed assets
Tangible assets
4
8,000
Current assets
Inventories
22,851
Cash at bank and in hand
3,468
26,319
Creditors: amounts falling due within one year
5
(20,163)
Net current assets
6,156
Net assets
14,156
Capital and reserves
Called up share capital
1
Profit and loss account
14,155
Shareholders' funds
14,156
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2025 and were signed on its behalf by
Ahmed Mujtaba Director Company Registration No. 15545871
- 4 -
Drivec Ltd Notes to the Accounts for the period from 7 March 2024 to 31 March 2025
1
Statutory information
Drivec Ltd is a private company, limited by shares, registered in England and Wales, registration number 15545871.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - Straight Line
Computer equipment
20% - Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 7 March 2024
-
-
-
Additions
7,500
2,500
10,000
At 31 March 2025
7,500
2,500
10,000
Depreciation
Charge for the period
1,500
500
2,000
At 31 March 2025
1,500
500
2,000
Net book value
At 31 March 2025
6,000
2,000
8,000
5
Creditors: amounts falling due within one year
2025
£
VAT
519
Taxes and social security
1,564
Loans from directors
14,480
Accruals
3,600
20,163
- 5 -
Drivec Ltd Notes to the Accounts for the period from 7 March 2024 to 31 March 2025
6
Average number of employees
During the period the average number of employees was 0.
- 6 -