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Registered Number: 13701035
England and Wales
IDRIVE LIMITED
Abridged Accounts
Period of accounts Start date: 01 November 2023 End date: 31 October 2024

Idrive Limited Contents Page For the year ended 31 October 2024
Accountants' report | 1
Statement of financial position | 2

Idrive Limited Accountants' Report For the year ended 31 October 2024
Report to the directors on the preparation of the unaudited statutory accounts of Idrive Limited for the year ended 31 October 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Idrive Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Idrive Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2026. Our work has been undertaken solely to prepare for your approval the accounts of Idrive Limited and state those matters that we have agreed to state to the Board of Directors of Idrive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Idrive Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Idrive 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 profit of Idrive Limited. You consider that Idrive 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 Idrive 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 31 October 2024. .................................................... Bright Ledger Accountants 5 Blenheim Court Peppercorn Close Peterborough Cambridgeshire PE1 2DU 20 May 2026 1

Idrive Limited Statement of Financial Position As at 31 October 2024
|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Fixed assets |  |  | 42,309 |  |  | 25,730
Current assets |  | 38,173 |  |  | 20,079 |
Prepayments and accrued income |  | 0 |  |  | 1,600 |
Creditors: amount falling due within one year |  | (98,787) |  |  | (41,069) |
Net current assets |  |  | (60,614) |  |  | (19,390)
Total assets less current liabilities |  |  | (18,305) |  |  | 6,340
Provisions for liabilities |  |  | (185) |  |  | 0
Accruals and deferred income |  |  | (2,507) |  |  | (1,667)
Net assets |  |  | (20,997) |  |  | 4,673
Capital and reserves |  |  | (20,997) |  |  | 4,673
NOTES TO THE ACCOUNTS General Information Idrive Limited is a private company, limited by shares, registered in England and Wales, registration number 13701035, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and 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:
Plant and Machinery | 20% Reducing Balance
Motor Vehicles | 20% Reducing Balance
Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Motor Vehicles |  | Total
| £ |  | £ |  | £
At 01 November 2023 | 16,225 |  | 18,500 |  | 34,725
Additions | 19,000 |  | 8,000 |  | 27,000
Disposals | - |  | - |  | -
At 31 October 2024 | 35,225 |  | 26,500 |  | 61,725
Depreciation
At 01 November 2023 | 3,245 |  | 5,625 |  | 8,870
Charge for year | 6,396 |  | 4,150 |  | 10,546
On disposals | - |  | - |  | -
At 31 October 2024 | 9,641 |  | 9,775 |  | 19,416
Net book values
Closing balance as at 31 October 2024 | 25,584 |  | 16,725 |  | 42,309
Opening balance as at 01 November 2023 | 12,980 |  | 12,750 |  | 25,730
3. | Average number of employees Average number of employees during the year was 1 (2023 : 1).
For the year ended 31 October 2024 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. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts. The financial statements were approved by the director on 20 May 2026 and were signed by:
-------------------------------- Mohammed Usman ALI Director
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