Drain Cure Solutions Limited |
Registered number |
Balance Sheet |
10969065 |
as at 31 August 2021 |
|
|
Notes |
|
|
2021 |
|
|
2020 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
7,190 |
|
|
9,587 |
|
Current assets |
Debtors |
4 |
|
32,293 |
|
|
25,128 |
Cash at bank and in hand |
|
|
3,367 |
|
|
6,165 |
|
|
|
35,660 |
|
|
31,293 |
|
Creditors: amounts falling due within one year |
5 |
|
(32,839) |
|
|
(28,102) |
|
Net current assets |
|
|
|
2,821 |
|
|
3,191 |
|
Total assets less current liabilities |
|
|
|
10,011 |
|
|
12,778 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(5,639) |
|
|
(9,497) |
|
Provisions for liabilities |
Deferred tax |
|
|
|
(1,400) |
|
|
(1,800) |
|
Net assets |
|
|
|
2,972 |
|
|
1,481 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
2,872 |
|
|
1,381 |
|
Shareholders' funds |
|
|
|
2,972 |
|
|
1,481 |
|
|
|
|
|
|
|
|
|
|
The director is 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 director acknowledges his 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. |
|
|
|
|
B Roberts |
Director |
Approved by the board on 26 August 2022 |
|
Drain Cure Solutions Limited |
Notes to the Accounts |
for the year ended 31 August 2021 |
|
|
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 represents fees received for services supplied, net of value added tax. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
|
Motor vehicles - |
25% p.a. on the reducing balance basis |
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
Deferred taxation |
|
Provision is made for deferred tax liabilities in respect of the taxation effect of timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
|
Average number of employees |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
Equipment |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2020 |
2,518 |
|
12,000 |
|
14,518 |
|
At 31 August 2021 |
2,518 |
|
12,000 |
|
14,518 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2020 |
1,181 |
|
3,750 |
|
4,931 |
|
Charge for the year |
334 |
|
2,063 |
|
2,397 |
|
At 31 August 2021 |
1,515 |
|
5,813 |
|
7,328 |
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2021 |
1,003 |
|
6,187 |
|
7,190 |
|
At 31 August 2020 |
1,337 |
|
8,250 |
|
9,587 |
|
|
|
4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
|
|
Loans to director |
|
|
|
|
|
23,821 |
|
16,129 |
|
Other debtors |
8,472 |
|
8,999 |
|
|
|
|
|
|
|
32,293 |
|
25,128 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
|
|
Bank loan |
2,133 |
|
1,916 |
|
Hire purchase (secured) |
1,726 |
|
1,498 |
|
Corporation tax |
24,994 |
|
15,967 |
|
Other taxes |
2,136 |
|
6,118 |
|
Other creditors |
1,850 |
|
2,603 |
|
|
|
|
|
|
|
32,839 |
|
28,102 |
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
£ |
£ |
|
|
Bank loan |
1,961 |
|
4,093 |
|
Hire purchase (secured) |
3,678 |
|
5,404 |
|
|
|
|
|
|
|
5,639 |
|
9,497 |
|
|
|
|
|
|
|
|
|
|
|
|
7 |
Loans to director |
B/fwd |
Repaid |
Advanced |
C/fwd |
£ |
£ |
£ |
£ |
|
B Roberts |
16,129 |
|
(16,129) |
|
23,821 |
|
23,821 |
|
|
The loans to the director carried interest at between 2% and 2.25% p.a. The balance outstanding at 31 August 2021 has been cleared subsequent to the balance sheet date. |
|
|
|
8 |
Controlling parties |
|
|
The company is controlled by Mr B Roberts and Mrs N Roberts, who between them own the company's entire issued share capital. |
|
|
|
9 |
Other information |
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|
Drain Cure Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is 70 Longhouse Road, Grays, Essex RM16 4RT. |