Drive Away Car Sales Ltd

Drive Away Car Sales Ltd
Contents Page
For the year ended 31 July 2025

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 14994617 Drive Away Car Sales Ltd
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	8,874	9,212
		8,874	9,212
Current assets
Stocks		64,663	57,745
Debtors		18,853	20,724
Cash at bank and in hand		8,224	12,219
		91,740	90,688
Creditors: amount falling due within one year		(142,294)	(117,449)
Net current assets		(50,554)	(26,761)

Total assets less current liabilities		(41,680)	(17,549)
Net assets		(41,680)	(17,549)

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(41,780)	(17,649)
Shareholders' funds		(41,680)	(17,549)

For the year ended 31 July 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 year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 17 April 2026 and were signed on its behalf by:

-------------------------------
Jack Palmer
Director

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Shaun Armstrong
Director

1

Drive Away Car Sales Ltd
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

Drive Away Car Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 14994617, registration address Unit 332, Bristol Road, Gloucester, GL2 5DH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Straight Line
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 August 2024	11,229	343	11,572
Additions	2,528	-	2,528
Disposals	-	-	-
At 31 July 2025	13,757	343	14,100
Depreciation
At 01 August 2024	2,246	114	2,360
Charge for year	2,751	115	2,866
On disposals	-	-	-
At 31 July 2025	4,997	229	5,226
Net book values
Closing balance as at 31 July 2025	8,760	114	8,874
Opening balance as at 01 August 2024	8,983	229	9,212

4.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
50 Class A shares of £1.00 each	50	50
50 Class B shares of £1.00 each	50	50
	100	100

2

Registered Number: 14994617
England and Wales
Abridged Accounts

for the year ended 31 July 2025
for
DRIVE AWAY CAR SALES LTD