REGISTERED NUMBER: 12445512 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

SOUTH EAST DRIVEWAYS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Crawley

J H Crawley

REGISTERED OFFICE:

Unit A6 Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

REGISTERED NUMBER:

12445512 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

39,001

29,814

CURRENT ASSETS

Stocks

3,948

8,711

Debtors

5

950

650

Cash at bank

1,879

2,974

6,777

12,335

CREDITORS

Amounts falling due within one year

6

100,509

90,037

NET CURRENT LIABILITIES

(93,732

)

(77,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(54,731

)

(47,888

)

CREDITORS

Amounts falling due after more than one year

7

15,495

8,827

NET LIABILITIES

(70,226

)

(56,715

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(70,326

)

(56,815

)

SHAREHOLDERS' FUNDS

(70,226

)

(56,715

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

J H Crawley - Director

1.	STATUTORY INFORMATION

South East Driveways Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

20,665

35,445

566

56,676

Additions

5,567

15,818

922

22,307

At 28 February 2026

26,232

51,263

1,488

78,983

DEPRECIATION

At 1 March 2025

6,502

20,005

355

26,862

Charge for year

4,932

7,814

374

13,120

At 28 February 2026

11,434

27,819

729

39,982

NET BOOK VALUE

At 28 February 2026

14,798

23,444

759

39,001

At 28 February 2025

14,163

15,440

211

29,814

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2025

12,995

-

12,995

Additions

-

15,818

15,818

At 28 February 2026

12,995

15,818

28,813

DEPRECIATION

At 1 March 2025

3,249

-

3,249

Charge for year

2,436

3,954

6,390

At 28 February 2026

5,685

3,954

9,639

NET BOOK VALUE

At 28 February 2026

7,310

11,864

19,174

At 28 February 2025

9,746

-

9,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

300

-

Prepayments

650

650

950

650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

36,183

30,744

Hire purchase contracts

5,652

2,842

Trade creditors

4,822

1,350

Social security and other taxes

460

260

VAT

5,455

1,241

Directors' current accounts

46,022

51,800

Accrued expenses

1,915

1,800

100,509

90,037

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-2 years

-

1,166

Hire purchase contracts

15,495

7,661

15,495

8,827

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Hire purchase contracts

21,147

10,503

The above liability is secured against the asset to which it relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

100

Ordinary

£1

100

100