Registration number: 00483897

J. Driver Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 12

J. Driver Limited

Company Information

Directors

Mr A B Pinder Mrs L C Pinder

Registered office

36 Albert Road Colne Lancashire BB8 0AD

Accountants

Hargreaves Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J. Driver Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. Driver Limited for the year ended 28 February 2025 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of J. Driver Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of J. Driver Limited and state those matters that we have agreed to state to the Board of Directors of J. Driver Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Driver Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J. Driver Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of J. Driver Limited. You consider that J. Driver Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of J. Driver Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

6 May 2026

J. Driver Limited

(Registration number: 00483897)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	41,789	41,789
Tangible assets	5	164,260	164,774
		206,049	206,563
Current assets
Stocks	6	225,000	285,331
Debtors	7	520,967	300,393
Cash at bank and in hand		1,066	3,955
		747,033	589,679
Creditors: Amounts falling due within one year	8	(763,357)	(547,310)
Net current (liabilities)/assets		(16,324)	42,369
Total assets less current liabilities		189,725	248,932
Creditors: Amounts falling due after more than one year	8	(252,058)	(101,822)
Provisions for liabilities		(37,827)	(37,827)
Net (liabilities)/assets		(100,160)	109,283
Capital and reserves
Called up share capital		1,001	1,001
Retained earnings		(101,161)	108,282
Shareholders' (deficit)/funds		(100,160)	109,283

J. Driver Limited

(Registration number: 00483897)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 May 2026 and signed on its behalf by:
 

......................................... Mr A B Pinder Director

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
36 Albert Road
Colne
Lancashire
BB8 0AD

These financial statements were authorised for issue by the Board on 6 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, based on their estimated residual values, as follows:

Asset class	Depreciation method and rate
Leasehold property	Reducing balance 10%
Plant and machinery	Reducing balance 10%
Motor vehicles	Reducing balance 25%

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development costs	Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 14 (2024 - 16).

4	Intangible assets

	Development costs £	Total £
Cost or valuation
At 1 March 2024	52,220	52,220
At 28 February 2025	52,220	52,220
Amortisation
At 1 March 2024	10,431	10,431
At 28 February 2025	10,431	10,431
Carrying amount
At 28 February 2025	41,789	41,789
At 29 February 2024	41,789	41,789

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	8,609	89,194	114,875	212,678
Additions	-	-	12,000	12,000
Disposals	-	-	(15,250)	(15,250)
At 28 February 2025	8,609	89,194	111,625	209,428
Depreciation
At 1 March 2024	8,332	14,648	24,923	47,903
Eliminated on disposal	-	-	(2,735)	(2,735)
At 28 February 2025	8,332	14,648	22,188	45,168
Carrying amount
At 28 February 2025	277	74,546	89,437	164,260
At 29 February 2024	277	74,545	89,952	164,774

Included within the net book value of land and buildings above is £277 (2024 - £277) in respect of long leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	225,000	285,331

7

Debtors

	2025 £	2024 £
Trade debtors	223,325	95,284
Prepayments	24,304	16,568
Other debtors	273,338	188,541
	520,967	300,393

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	161,501	162,396
Trade creditors		451,359	326,470
Taxation and social security		140,833	50,955
Accruals and deferred income		-	7,000
Other creditors		9,664	489
		763,357	547,310

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	252,058	101,822

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,726	29,139
Hire purchase contracts	41,086	41,230
Other borrowings	184,246	31,453
	252,058	101,822

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	30,000	30,000
Bank overdrafts	73,955	75,688
Hire purchase contracts	7,778	6,940
Other borrowings	49,768	49,768
	161,501	162,396

J. Driver Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

10	Related party transactions

Transactions with directors Interest is charged at the official rate on overdrawn balances.

2025	At 1 March 2024 £	Advances to director £	At 28 February 2025 £
Unsecured and repayable on demand	125,548	104,016	229,564

2024	At 1 March 2023 £	Advances to director £	Repayments by director £	At 29 February 2024 £
Unsecured and repayable on demand	83,600	125,948	(84,000)	125,548

Summary of transactions with entities with joint control or significant interest

Mr A B & Mrs L C Pinder are identified as the controlling parties of ALMP Developments Ltd.

 

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	22,707	22,707
Advanced	20,810	20,810
At end of period	43,517	43,517

2024	Entities with joint control or significant influence £	Total £
At start of period	16,807	16,807
Advanced	5,900	5,900
At end of period	22,707	22,707