U Drive Cover Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 08673216

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Property, Plant and Equipment	4		25,441		26,605

			25,441		26,605
CURRENT ASSETS
Debtors	5	1,902,991		2,073,729
Cash at bank and in hand		1,928,772		2,159,939

		3,831,763		4,233,668
Creditors: Amounts Falling Due Within One Year	6	(3,362,190 )		(3,815,884 )

NET CURRENT ASSETS (LIABILITIES)			469,573		417,784

TOTAL ASSETS LESS CURRENT LIABILITIES			495,014		444,389

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(6,360 )		(6,651 )

NET ASSETS			488,654		437,738

CAPITAL AND RESERVES
Called up share capital	9		100,000		100,000
Share premium account			160,000		160,000
Income Statement			228,654		177,738

SHAREHOLDERS' FUNDS			488,654		437,738

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U Drive Cover Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

J A Hanna

Director

28 May 2026

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

1. General Information

U Drive Cover Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08673216 . The registered office is Pilgrim House, Oxford Place, Plymouth, PL1 5AJ.

The pricipal place of business is Grosvenor House, 4-7 Station Road, Sunbury on Thames, TW16 6SB.

The presentation currency is £ sterling.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents commission and fees earned in the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Property, Plant and Equipment

20% or 33.3% Straight Line

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported

in the statement of comprehensive income because of items of income or expense that are taxable or

deductible in other years and items that are never taxable or deductible. The company's liability for current

tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting

period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the

financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax

liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally

recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be

available against which those deductible timing differences can be utilised. The carrying amount of deferred

tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer

probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in

which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted

...CONTINUED

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U Drive Cover Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within

provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities

and assets reflect the tax consequences that would follow from the manner in which the Company expects,

at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that

are recognised in other comprehensive income or directly in equity, in which case current and deferred tax

are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 73 (2025: 69)

4. Property, Plant and Equipment

	Property, Plant and Equipment
	£
Cost
As at 1 April 2025	138,972
Additions	15,989

As at 31 March 2026	154,961

Depreciation
As at 1 April 2025	112,367
Provided during the period	17,153

As at 31 March 2026	129,520

Net Book Value
As at 31 March 2026	25,441

As at 1 April 2025	26,605

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,622,836	1,779,511
Other debtors	280,155	294,218

	1,902,991	2,073,729

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U Drive Cover Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,163,809	2,534,336
Bank loans and overdrafts	6	7
Other creditors	694,291	211,735
Taxation and social security	504,084	1,069,806

	3,362,190	3,815,884

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	6,360	6,651

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	6,651	6,651
Deferred taxation	(291 )	(291 )

Balance at 31 March 2026	6,360	6,360

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100,000	100,000

10. Capital Commitments

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

Operating leases which expire:	2026	2025
	£	£
Within 1 year		56,250
Within 2-5 years	388,084

...CONTINUED

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U Drive Cover Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026


	388,084		56,250

Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at the year end.

11. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the income statement in respect of defined contribution schemes was £0 (2025: £33,677).

At the statement of financial position date contributions of £7,724 (2025: £7,130) were due to the fund and are included in creditors.

12. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	2,358,582	3,188,805

13. Controlling Parties

The company's ultimate controlling party is the directors by virtue of their interest in the share capital of the company.

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