Drivestyle Driveways Limited iXBRL

Drivestyle Driveways Limited

Date of Incorporation

12 July 2024

Abridged Unaudited Financial Statements

for the financial period ended 31 July 2025

Drivestyle Driveways Limited

Company Registration Number: 15835077

ABRIDGED BALANCE SHEET

as at 31 July 2025

Jul 25

Notes

Fixed Assets

Tangible assets

4,693

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Current Assets

Cash and cash equivalents

4,350

Creditors: amounts falling due within one year

(1,294)

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Net Current Assets

3,056

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Total Assets less Current Liabilities

7,749

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Capital and Reserves

Called up share capital

100

Retained earnings

7,649

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Equity attributable to owners of the company

7,749

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The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial period ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 3 June 2026



________________________________
Mr Alexander Daniel Raftrey
Director

Drivestyle Driveways Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period ended 31 July 2025

General Information

Drivestyle Driveways Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 15835077. The registered office of the company is Suite 5 Martland Mill, Mart Lane, Burscough, Lancashire, L40 0SD, United Kingdom. Groundworker. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

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. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 12 month 20 days period ended 31 July 2025.

Date company was incorporated:

12 July 2024

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including director, during the financial period was 0, (Jul 24 - 0).


6.	Tangible assets
		Plant and	Total
		machinery

		£	£
	Cost
	At 12 July 2024	-	-
	Additions	5,521	5,521
		─────────	─────────
	At 31 July 2025	5,521	5,521
		─────────	─────────
	Depreciation
	At 12 July 2024	-	-
	Charge for the financial period	828	828
		─────────	─────────
	At 31 July 2025	828	828
		─────────	─────────
	Net book value
	At 31 July 2025	4,693	4,693
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial period-ended 31 July 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial period-end.