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Registration number: 10746338

Fast-Track Driving School Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Fast-Track Driving School Ltd

Company Information

Directors

Mr SD Mottram Mrs AH Mottram

Registered office

53 Glenfields Road Glenover Fields Haverfordwest SA61 1EB

Fast-Track Driving School Ltd

(Registration number: 10746338)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	6,000	12,000
Tangible assets	5	20,858	22,201
		26,858	34,201
Current assets
Cash at bank and in hand		27	1,004
Creditors: Amounts falling due within one year	6	(6,648)	(14,114)
Net current liabilities		(6,621)	(13,110)
Total assets less current liabilities		20,237	21,091
Provisions for liabilities		(3,767)	(4,218)
Net assets		16,470	16,873
Capital and reserves
Called up share capital	7	102	102
Retained earnings		16,368	16,771
Shareholders' funds		16,470	16,873

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

......................................... Mr SD Mottram Director

......................................... Mrs AH Mottram Director

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
53 Glenfields Road
Glenover Fields
Haverfordwest
SA61 1EB

These financial statements were authorised for issue by the Board on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	10% reducing balance
Office equipment	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2025	60,000	60,000
At 30 April 2026	60,000	60,000
Amortisation
At 1 May 2025	48,000	48,000
Amortisation charge	6,000	6,000
At 30 April 2026	54,000	54,000
Carrying amount
At 30 April 2026	6,000	6,000
At 30 April 2025	12,000	12,000

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2025	249	2,200	23,500	25,949
Additions	-	1,104	-	1,104
At 30 April 2026	249	3,304	23,500	27,053
Depreciation
At 1 May 2025	216	1,182	2,350	3,748
Charge for the year	8	324	2,115	2,447
At 30 April 2026	224	1,506	4,465	6,195
Carrying amount
At 30 April 2026	25	1,798	19,035	20,858
At 30 April 2025	33	1,018	21,150	22,201

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		644	-
Taxation and social security		4,283	2,328
Amounts owed to group undertakings and undertakings in which the company has a participating interest		71	10,262
Other creditors		1,650	1,524
		6,648	14,114

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	102	102	102	102

8	Related party transactions

Transactions with directors

2026	At 1 May 2025 £	Repayments by director £	At 30 April 2026 £
Mrs AH Mottram
Interest free loan with no fixed repayment term	(5,131)	5,096	(35)
Mr SD Mottram
Interest free loan with no fixed repayment term	(5,131)	5,096	(35)

Fast-Track Driving School Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

2025	At 1 May 2024 £	Advances to director £	At 30 April 2025 £
Mrs AH Mottram
Interest free loan with no fixed repayment term	(10,265)	5,133	(5,131)
Mr SD Mottram
Interest free loan with no fixed repayment term	(10,265)	5,133	(5,131)