Idrive Limited - Accounts

Idrive Limited
Contents Page
For the year ended 31 October 2025

Company Information	1
Accountants' Report	2
Statement of Financial Position	3

Idrive Limited
Company Information
For the year ended 31 October 2025

Director	Mohammed Usman ALI
Registered Number	13701035
Registered Office	5 Blenheim Court Peppercorn Close Peterborough PE1 2DU
Accountants	Bright Ledger Accountants 5 Blenheim Court Peppercorn Close Peterborough Cambridgeshire PE1 2DU

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Idrive Limited Accountants' Report For the year ended 31 October 2025
Report to the directors on the preparation of the unaudited statutory accounts of Idrive Limited for the year ended 31 October 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Idrive Limited for the year ended 31 October 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Idrive Limited, as a body, in accordance with the terms of our engagement letter dated 29 July 2026. Our work has been undertaken solely to prepare for your approval the accounts of Idrive Limited and state those matters that we have agreed to state to the Board of Directors of Idrive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Idrive Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Idrive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Idrive Limited. You consider that Idrive Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Idrive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 October 2025. .................................................... Bright Ledger Accountants 5 Blenheim Court Peppercorn Close Peterborough Cambridgeshire PE1 2DU 29 July 2026 2

Idrive Limited
Accountants' Report
For the year ended 31 October 2025

Report to the directors on the preparation of the unaudited statutory accounts of Idrive Limited for the year ended 31 October 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Idrive Limited for the year ended 31 October 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Idrive Limited, as a body, in accordance with the terms of our engagement letter dated 29 July 2026. Our work has been undertaken solely to prepare for your approval the accounts of Idrive Limited and state those matters that we have agreed to state to the Board of Directors of Idrive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Idrive Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Idrive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Idrive Limited. You consider that Idrive Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Idrive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2025.

....................................................
Bright Ledger Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
Cambridgeshire
PE1 2DU
29 July 2026

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Idrive Limited
Statement of Financial Position
As at 31 October 2025

	2025		2024
	£	£	£	£
Fixed assets		65,567		42,309
Current assets	27,132		38,175
Creditors: amount falling due within one year	(85,714)		(98,789)
Net current assets		(58,582)		(60,614)
Total assets less current liabilities		6,985		(18,305)
Provisions for liabilities		(71)		(185)
Accruals and deferred income		0		(2,507)
Net assets		6,914		(20,997)


Capital and reserves		6,914		(20,997)

NOTES TO THE ACCOUNTS

General Information

Idrive Limited is a private company, limited by shares, registered in England and Wales, registration number 13701035, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 November 2024	35,225	26,500	61,725
Additions	17,900	21,750	39,650
Disposals	-	-	-
At 31 October 2025	53,125	48,250	101,375
Depreciation
At 01 November 2024	9,641	9,775	19,416
Charge for year	8,697	7,695	16,392
On disposals	-	-	-
At 31 October 2025	18,338	17,470	35,808
Net book values
Closing balance as at 31 October 2025	34,787	30,780	65,567
Opening balance as at 01 November 2024	25,584	16,725	42,309

3.	Average number of employees Average number of employees during the period was 1 (2024 : 1).

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 29 July 2026 and were signed by:

--------------------------------
Mohammed Usman ALI
Director

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