DRIVE RETAIL LIMITED


Directors	CREMINS, Darren Christopher
	HAYES, Kevin Patrick


Company Secretary	CREMINS, Tracey Ann


Registered Address	Unit 5 Old Winery Business Park
	Cawston
	Norwich
	NR10 4FE


Registered Number	15188335 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets			108		144
			108		144
Current assets
Stocks	3	441,820		71,774
Debtors		17,833		18,943
Cash at bank and on hand		20,251		6,759
		479,904		97,476
Creditors amounts falling due within one year	4	(448,828)		(157,360)
Net current assets (liabilities)			31,076		(59,884)
Total assets less current liabilities			31,184		(59,740)
Net assets			31,184		(59,740)
Capital and reserves
Profit and loss account			31,184		(59,740)
Shareholders' funds			31,184		(59,740)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 July 2026, and are signed on its behalf by:

CREMINS, Darren Christopher
Director
Registered Company No. 15188335

DRIVE RETAIL LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on a going concern basis, as the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Stocks
	Inventories are stated at the lower of cost and net realisable value after providing for obsolete and slow-moving items.

	2025	2024
	£	£
Finished goods	441,820	71,774
Total	441,820	71,774

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	26,471	-
Bank borrowings and overdrafts	343,856	154,760
Taxation and social security	78,501	-
Accrued liabilities and deferred income	-	2,600
Total	448,828	157,360

5.	Events after reporting date
	Subsequent to the reporting date, the outstanding trade receivables from Amazon.co.uk and Shopify were settled in full.

6.	Related party transactions
	During the year, the company purchased inventory amounting to £201,888.62 from SUPPLMNT POWER (EU) LTD, a company controlled by Kevin Hayes, a director of the company. During the year, the company received customer service and Amazon administration services amounting to £12,000.00 from Red Content Limited, a company controlled by Darren Cremins and Tracey Cremins, directors of the company. At the reporting date, the company owed £115,196.66 (2024: £136,440.00) to Kevin Hayes in respect of his director's loan account. At the reporting date, the company owed £9,731.94 (2024: £18,320.00) to Darren Cremins in respect of his director's loan account. The above transactions were undertaken in the ordinary course of business.

Related party transactions

During the year, the company purchased inventory amounting to £201,888.62 from SUPPLMNT POWER (EU) LTD, a company controlled by Kevin Hayes, a director of the company.

During the year, the company received customer service and Amazon administration services amounting to £12,000.00 from Red Content Limited, a company controlled by Darren Cremins and Tracey Cremins, directors of the company.

At the reporting date, the company owed £115,196.66 (2024: £136,440.00) to Kevin Hayes in respect of his director's loan account.

At the reporting date, the company owed £9,731.94 (2024: £18,320.00) to Darren Cremins in respect of his director's loan account.

The above transactions were undertaken in the ordinary course of business.