Registration number: 08542116

Arrow Driving Academy Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Arrow Driving Academy Ltd

Company Information

Director

Mr Paul John Davies

Registered office

33 Cardigan Road Hull East Yorkshire HU3 6XA

Solicitors

Brewer Wallace Shackles Chambers 7 Land of Green Ginger Hull East Yorkshire HU1 2ED

Bankers

HSBC Bank Merit House

Accountants

Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Arrow Driving Academy Ltd

(Registration number: 08542116)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,244	3,604
Tangible assets	5	3,950	5,266
		7,194	8,870
Current assets
Debtors	6	13,301	21,034
Cash at bank and in hand		7,491	3,140
		20,792	24,174
Creditors: Amounts falling due within one year	7	(16,111)	(14,757)
Net current assets		4,681	9,417
Total assets less current liabilities		11,875	18,287
Creditors: Amounts falling due after more than one year	7	(11,051)	(23,551)
Net assets/(liabilities)		824	(5,264)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		724	(5,364)
Shareholders' funds/(deficit)		824	(5,264)

For the financial year ending 31 May 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 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 May 2026
 

Arrow Driving Academy Ltd

(Registration number: 08542116)
Balance Sheet as at 31 May 2025

......................................... Mr Paul John Davies Director

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
33 Cardigan Road
Hull
East Yorkshire
HU3 6XA

These financial statements were authorised for issue by the director on 31 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	Reducing balance at 25%
Office equipment	Reducing balance at 25%

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
Website development	Reducing balance at 10%

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.

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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

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.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 4).

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 June 2024	9,526	9,526
At 31 May 2025	9,526	9,526
Amortisation
At 1 June 2024	5,921	5,921
Amortisation charge	361	361
At 31 May 2025	6,282	6,282
Carrying amount
At 31 May 2025	3,244	3,244
At 31 May 2024	3,604	3,604

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	1,052	30,474	31,526
At 31 May 2025	1,052	30,474	31,526
Depreciation
At 1 June 2024	926	25,334	26,260
Charge for the year	31	1,285	1,316
At 31 May 2025	957	26,619	27,576
Carrying amount
At 31 May 2025	95	3,855	3,950
At 31 May 2024	126	5,140	5,266

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		-	4,379
Amounts owed by related parties	11	13,301	13,980
Prepayments		-	1,788
Other debtors		-	887
		13,301	21,034

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	11,688	11,108
Trade creditors		-	582
Taxation and social security		-	2,067
Accruals and deferred income		1,000	1,000
Other creditors		3,423	-
		16,111	14,757

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	11,051	23,551

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary £1 of £1 each	100	100	100	100

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	11,051	23,551

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	11,688	11,108

Bank borrowings

Bounce Back Loan is denominated in GPB with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £3,152 (2024 - £6,226). Unsecured commercial loan supported with HM government guarantee. No repayments and interest debated during first 12 months.

HSBC Bank loan is denominated in GBP with a nominal interest rate of 7.1%, and the final instalment is due on 22 September 2027. The carrying amount at year end is £7,643 (2024 - £10,561). Unsecured commercial loan supported with director's personal guarantee.

Funding Circle is denominated in GBP with a nominal interest rate of 9.4%, and the final instalment is due on 24 August 2027. The carrying amount at year end is £13,977 (2024 - £19,094). Unsecured commercial loan supported with director's personal guarantee.

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil per each Ordinary £1		-		-

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

11	Related party transactions

Transactions with the director

2024	At 1 June 2023 £	Repayments by director £	At 31 May 2024 £
Mr Paul John Davies
Directors Loan Account	802	(802)	-

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	-	802
Contributions paid to money purchase schemes	2,400	-
	2,400	802

Summary of transactions with parent

Arrow Driving Group Ltd Loan relationship - parent company

Summary of transactions with associates

Arrow Fleet Driving Ltd Loan relationship - associated company

Loans to related parties

2025	Parent £	Total £
At start of period	18,138	18,138
Advanced	23,750	23,750
Repaid	(25,000)	(25,000)
At end of period	16,888	16,888

2024	Parent £	Total £
At start of period	20,468	20,468
Advanced	22,670	22,670
Repaid	(25,000)	(25,000)
At end of period	18,138	18,138

Arrow Driving Academy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Terms of loans to related parties

Unsecured loan with no restrictions or repayments conditions.
 

Loans from related parties

2025	Associates £	Total £
At start of period	3,500	3,500
Repaid	(572)	(572)
At end of period	2,928	2,928

2024	Associates £	Total £
At start of period	3,500	3,500
At end of period	3,500	3,500

12	Parent and ultimate parent undertaking

The company's immediate parent is Arrow Driving Group Ltd, incorporated in England and Wales.