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Registered number: 07951189
Pass n Go Driving School Limited
Financial Statements
For The Year Ended 28 February 2026
Smith & Co Accountants Limited
ACCA
Unit G2
Tanfield Lea Business Centre
Stanley
Co Durham
DH9 9DB
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07951189
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 928,217 1,025,850
928,217 1,025,850
CURRENT ASSETS
Debtors 5 592,125 510,763
Cash at bank and in hand 2,422,181 1,885,143
3,014,306 2,395,906
Creditors: Amounts Falling Due Within One Year 6 (3,053,062 ) (2,507,753 )
NET CURRENT ASSETS (LIABILITIES) (38,756 ) (111,847 )
TOTAL ASSETS LESS CURRENT LIABILITIES 889,461 914,003
PROVISIONS FOR LIABILITIES
Deferred Taxation (167,876 ) (158,926 )
NET ASSETS 721,585 755,077
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 721,584 755,076
SHAREHOLDERS' FUNDS 721,585 755,077
Page 1
Page 2
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Lee Clark
Director
09/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pass n Go Driving School Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07951189 . The registered office is Coupe House Station Lane, Birtley, Chester Le Street, County Durham, DH2 1AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charge
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2025: 28)
40 28
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2025 108,333 6,380 1,519,340 29,636
Additions - - 132,760 -
Disposals - - (164,318 ) -
As at 28 February 2026 108,333 6,380 1,487,782 29,636
Depreciation
As at 1 March 2025 - 5,244 619,095 26,994
Provided during the period - 284 135,725 661
Disposals - - (63,453 ) -
As at 28 February 2026 - 5,528 691,367 27,655
Net Book Value
As at 28 February 2026 108,333 852 796,415 1,981
As at 1 March 2025 108,333 1,136 900,245 2,642
Computer Equipment Total
£ £
Cost
As at 1 March 2025 83,931 1,747,620
Additions 14,021 146,781
Disposals - (164,318 )
As at 28 February 2026 97,952 1,730,083
Depreciation
As at 1 March 2025 70,437 721,770
Provided during the period 6,879 143,549
Disposals - (63,453 )
As at 28 February 2026 77,316 801,866
Net Book Value
As at 28 February 2026 20,636 928,217
As at 1 March 2025 13,494 1,025,850
Page 4
Page 5
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 363,125 273,663
Due after more than one year
Other debtors (1) 216,900 225,000
Other debtors (2) 12,100 12,100
229,000 237,100
592,125 510,763
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 21,763 22,154
PAYE and NI 18,014 15,082
VAT 40,760 33,727
Other creditors - bonds 2,970,060 2,434,325
Accruals and deferred income 2,465 2,465
3,053,062 2,507,753
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
Page 5