Drive Tech-UK. Limited - Filleted accounts

Registered number

15559986

Drive Tech-UK. Limited

Filleted Accounts

28 February 2026

Drive Tech-UK. Limited
Registered number:		15559986
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		15,919			19,214

Current assets
Cash at bank and in hand		4,144			79

Creditors: amounts falling due within one year	4	(25,404)			(15,785)

Net current liabilities			(21,260)			(15,706)

Net (liabilities)/assets			(5,341)			3,508

Capital and reserves
Called up share capital			100			100
Profit and loss account			(5,441)			3,408

Shareholders' funds			(5,341)			3,508

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Peter James Murphy
Director
Approved by the board on 23 October 2026

Drive Tech-UK. Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	9,370		15,000		24,370
	Additions	-		950		950
	At 28 February 2026	9,370		15,950		25,320

	Depreciation
	At 1 March 2025	1,406		3,750		5,156
	Charge for the year	1,195		3,050		4,245
	At 28 February 2026	2,601		6,800		9,401

	Net book value
	At 28 February 2026	6,769		9,150		15,919
	At 28 February 2025	7,964		11,250		19,214


4	Creditors: amounts falling due within one year			2026		2025
£					£

	Taxation and social security costs			1,434		983
	Directors Loan Account			22,270		13,992
	Other creditors			1,700		810
				25,404		15,785


5	Other information

	Drive Tech-UK. Limited is a private company limited by shares and incorporated in England. Its registered office is:
	130 Coalway Road
	Wolverhampton
	WV3 7NB