REGISTERED NUMBER: 06429724 (England and Wales)

CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

FOR

DIRECT DRIVER SOLUTIONS UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Bains

P Bains

REGISTERED OFFICE:

Chowns Mill Business Park

Station Road

Irthlingborough

Wellingborough

Northamptonshire

NN9 5QQ

REGISTERED NUMBER:

06429724 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

10,805

19,705

CURRENT ASSETS

Stocks

3,190

4,566

Debtors

5

51,941

217,297

Cash at bank

57,339

104,248

112,470

326,111

CREDITORS

Amounts falling due within one year

6

44,351

190,618

NET CURRENT ASSETS

68,119

135,493

TOTAL ASSETS LESS CURRENT LIABILITIES

78,924

155,198

CREDITORS

Amounts falling due after more than one year

7

-

(20,000

)

PROVISIONS FOR LIABILITIES

-

(4,666

)

PENSION LIABILITY

(105,000

)

(105,000

)

NET (LIABILITIES)/ASSETS

(26,076

)

25,532

CAPITAL AND RESERVES

Called up and paid share capital

80

80

Capital redemption reserve

20

20

Retained earnings

(26,176

)

25,432

SHAREHOLDERS' FUNDS

(26,076

)

25,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

S S Bains - Director

1.	STATUTORY INFORMATION

Direct Driver Solutions UK 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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in the full period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements and curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within the finance expense.

Related party transactions

A related party transaction is defined as a transfer of resources, services or obligations between a reporting company and a related party, regardless of whether a price is charged.

Related parties under FRS 102 are defined as a person or entity that is related to the entity that is preparing its financial statements as follows:

A person or a close member of that person's family is related to a reporting entity if that person:

- has joint control or joint control over the reporting entity;

- has significant influence over the reporting entity; or

- is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

An entity is related to a reporting entity if any of the following conditions apply;

- the entity and the reporting entity are members of the same group.

- one entity is an associate or joint venture of the other entity.

- both entities are joint ventures of the same third party.

- one entity is a joint venture of third entity and the other entity is an associate of the third entity.

- the entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the reporting entity. If the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting entity.

- the entity is controlled or jointly controlled by a person identified above.

- a person identified above has significant influence over the entity or is a member of the key management personnel of the entity.

- the entity, or any member of a group of which it is a part, provides key management personnel services to the reporting entity or to the parent of the reporting entity.

Key management is defined as those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly including any director (whether executive or otherwise) of that entity.

Significant influence is the power to participate in the operating and financial policy decisions of an entity; it is not control over those policies. Significant influence would assumed where a shareholder holds 20% or more of the voting rights of the entity.

Provisions

Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Going concern

The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2024

76,252

Disposals

(30,000

)

At 30 December 2025

46,252

DEPRECIATION

At 31 December 2024

56,547

Charge for year

4,181

Eliminated on disposal

(25,281

)

At 30 December 2025

35,447

NET BOOK VALUE

At 30 December 2025

10,805

At 30 December 2024

19,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,774

88,260

Other debtors

32,167

129,037

51,941

217,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,000

30,000

Trade creditors

8,285

22,567

Amounts owed to associates

722

83,937

Taxation and social security

8,460

42,634

Other creditors

6,884

11,480

44,351

190,618

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

20,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

20,000

50,000

The Company has a fixed and floating charge over its assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2025 and 30 December 2024:

2025

2024

£

£

S S Bains

Balance outstanding at start of year

69,946

91,017

Amounts advanced

7,907

23,324

Amounts repaid

(77,853

)

(44,395

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

69,946

P Bains

Balance outstanding at start of year

52,213

50,913

Amounts advanced

7,247

19,500

Amounts repaid

(59,460

)

(18,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

52,213

During the year, the company advanced and received funds through directors' loan accounts. The balances were not subject to fixed repayment terms and bore interest at 3.75% per annum.