Registered number
10969065
Drain Cure Solutions Limited
Filleted Accounts
31 August 2021
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
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.
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