Class One Driving Limited - Filleted accounts

Registered number

06062306

Class One Driving Limited

Report & Accounts

28 February 2026

Class One Driving Limited
Registered number:		06062306
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,780,616			1,821,046

Current assets
Stocks		-			60,509
Debtors	4	327,056			233,691
Cash at bank and in hand		1,522			5,778
		328,578			299,978

Creditors: amounts falling due within one year	5	(1,005,577)			(983,947)

Net current liabilities			(676,999)			(683,969)

Total assets less current liabilities			1,103,617			1,137,077

Creditors: amounts falling due after more than one year	6		(818,889)			(963,927)

Provisions for liabilities			(49,484)			(43,802)


Net assets			235,244			129,348

Capital and reserves
Called up share capital			100			100
Profit and loss account			235,144			129,248

Shareholders' funds			235,244			129,348

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P B Doughty
Director
Approved by the board on 10 June 2026

Class One Driving Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Plant and machinery	20% on written down value
	Fixtures, fittings, tools and equipment	20% on written down value



	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			28		26


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	109,826		2,907,033		3,016,859
	Additions	-		431,000		431,000
	Disposals	-		(242,772)		(242,772)
	At 28 February 2026	109,826		3,095,261		3,205,087

	Depreciation
	At 1 March 2025	83,089		1,112,724		1,195,813
	Charge for the year	5,348		388,725		394,073
	On disposals	-		(165,415)		(165,415)
	At 28 February 2026	88,437		1,336,034		1,424,471

	Net book value
	At 28 February 2026	21,389		1,759,227		1,780,616
	At 28 February 2025	26,737		1,794,309		1,821,046

	Depreciation of assets held under finance leases and hire purchase contracts - £317,541.


4	Debtors			2026		2025
£					£

	Trade debtors			323,998		209,564
	Other debtors			3,058		24,127
				327,056		233,691


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			178,760		175,699
	Obligations under finance lease and hire purchase contracts			388,365		507,590
	Trade creditors			98,122		84,325
	Other taxes and social security costs			300,482		170,099
	Other creditors			39,848		46,234
				1,005,577		983,947


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		2,500
	Obligations under finance lease and hire purchase contracts			818,889		961,427
				818,889		963,927


7	Related party transactions

	Rent was charged to the company by the Directors during the year of £7,200 (2025 - £7,200).


8	Other information

	Class One Driving Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Paternoster Row
	Noak Hill
	Romford
	Essex
	RM4 1LA