REGISTERED NUMBER: 11136681 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

DRIVE 45 LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr Rodney Victor Addis

Mr Dave Ian Smith

Mr Michael Victor Smith

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Greater Manchester

SK1 3TH

REGISTERED NUMBER:

11136681 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

535

799

CURRENT ASSETS

Debtors

5

836

566

Cash at bank

96

1,515

932

2,081

CREDITORS

Amounts falling due within one year

6

48,224

45,367

NET CURRENT LIABILITIES

(47,292

)

(43,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,757

)

(42,487

)

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

(47,057

)

(42,787

)

SHAREHOLDERS' FUNDS

(46,757

)

(42,487

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

Mr Michael Victor Smith - Director

Mr Rodney Victor Addis - Director

Mr Dave Ian Smith - Director

1.	STATUTORY INFORMATION

Drive 45 Limited 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.

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.

Going Concern

During the year the company met its working capital requirements through financial assistance provided by the company's directors. The directors have indicated that they will continue to provide the financial support considered necessary and have no intention of withdrawing their support until the company has improved its position. The directors consider that with their continued support and a significant improvement in trading conditions the company will return to profitability and will continue in operational existence for the foreseeable future. On this basis the directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis.

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

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

3,750

DEPRECIATION

At 1 February 2025

2,951

Charge for year

264

At 31 January 2026

3,215

NET BOOK VALUE

At 31 January 2026

535

At 31 January 2025

799

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

240

-

Other debtors

596

566

836

566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

892

144

Taxation and social security

18

28

Other creditors

47,314

45,195

48,224

45,367

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other creditors

15,000

15,000

The amount shown as other creditors is a secured loan to the company from Centro Consulting Limited. The debenture is covered by a floating charge over all the property or undertakings of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary A

£1

100

100

200

Ordinary B

£1

200

200

300

300