The Driving Experience Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04181195 (England and Wales)

THE DRIVING EXPERIENCE LIMITED

Unaudited Financial Statements

for the Period 1 January 2016 to 22 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M I Carpenter

I M Mulingani

A R J Catlin

SECRETARY:

I M Mulingani

REGISTERED OFFICE:

Holly Grange

Holly Lane

Balsall Commons

West Midlands

CV7 7EB

REGISTERED NUMBER:

04181195 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

CURRENT ASSETS

Debtors

4

293,651

273,189

Cash at bank

170,659

500,626

464,310

773,815

CREDITORS

Amounts falling due within one year

5

461,046

686,008

NET CURRENT ASSETS

3,264

87,807

TOTAL ASSETS LESS CURRENT LIABILITIES

3,264

87,807

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,264

86,807

SHAREHOLDERS' FUNDS

3,264

87,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 September 2017 and were signed on its behalf by:

I M Mulingani - Director

1.	STATUTORY INFORMATION

The Driving Experience 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents provision of excursions net of value added tax. Turnover is recognised at the date the event

is delivered. Cash received in advance of an excursion is shown as a deferred income creditor on the balance

sheet.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

12,000

Amounts owed by group undertakings

174,651

228,442

Other debtors

119,000

32,747

293,651

273,189

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

315,492

Taxation and social security

18,301

67

Other creditors

442,745

370,449

461,046

686,008

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.