Company No: 09053276 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		16
		0		16
Current assets
Stocks		5,003		7,066
Debtors	4	7,614		4,836
		12,617		11,902
Creditors: amounts falling due within one year	5	( 65,851)		( 57,336)
Net current liabilities		(53,234)		(45,434)
Total assets less current liabilities		(53,234)		(45,418)
Creditors: amounts falling due after more than one year	6	( 13,645)		( 17,049)
Net liabilities		( 66,879)		( 62,467)
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		( 66,880 )		( 62,468 )
Total shareholder's deficit		( 66,879)		( 62,467)

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Drivenergy Limited (registered number: 09053276) were approved and authorised for issue by the Director on 31 July 2026. They were signed on its behalf by:

Mr M Trevaskis Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Drivenergy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Lowin House
Tregolls road
Truro
TR1 2NA

The Principal place of business is:
50 Glendale Crescent
Mount Hawke
Cornwall
TR4 8UH

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £66,879. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2024	3,681		3,681
At 31 October 2025	3,681		3,681
Accumulated depreciation
At 01 November 2024	3,665		3,665
Charge for the financial year	16		16
At 31 October 2025	3,681		3,681
Net book value
At 31 October 2025	0		0
At 31 October 2024	16		16

4. Debtors

	2025		2024
	£		£
Trade debtors	1,317		2,588
Other debtors	6,297		2,248
	7,614		4,836

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	5,392		6,651
Trade creditors	34,253		32,447
Other taxation and social security	625		2,834
Other creditors	25,581		15,404
	65,851		57,336

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	13,645		17,049

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1