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REGISTERED NUMBER: 07844881 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Drainage Technical Services Limited

Drainage Technical Services Limited (Registered number: 07844881)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Drainage Technical Services Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: A Le-Surf





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 07844881 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Drainage Technical Services Limited (Registered number: 07844881)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 93,945 84,841

CURRENT ASSETS
Inventories 5,000 5,000
Debtors 5 77,532 115,713
Cash at bank 127,992 123,814
210,524 244,527
CREDITORS
Amounts falling due within one year 6 92,209 142,392
NET CURRENT ASSETS 118,315 102,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,260

186,976

CREDITORS
Amounts falling due after more than one
year

7

(33,830

)

(53,518

)

PROVISIONS FOR LIABILITIES 8 (17,850 ) (16,120 )
NET ASSETS 160,580 117,338

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 10 160,470 117,228
SHAREHOLDERS' FUNDS 160,580 117,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Drainage Technical Services Limited (Registered number: 07844881)

Statement of Financial Position - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





A Le-Surf - Director


Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

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

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Functional currency
The company's functional currency is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are disclosed at fair value.

Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 111,195 64,490 9,489 185,174
Additions 7,816 28,775 3,828 40,419
At 31 March 2022 119,011 93,265 13,317 225,593
DEPRECIATION
At 1 April 2021 62,311 32,453 5,569 100,333
Charge for year 14,175 15,203 1,937 31,315
At 31 March 2022 76,486 47,656 7,506 131,648
NET BOOK VALUE
At 31 March 2022 42,525 45,609 5,811 93,945
At 31 March 2021 48,884 32,037 3,920 84,841


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 77,532 115,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,131 10,945
Tax 36,414 36,683
Social security and other taxes 7,686 19,823
VAT 671 35,215
Directors' current accounts 577 361
Accruals & other creditors 23,730 29,365
92,209 142,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 16,740 40,000
Hire purchase contracts 17,090 13,518
33,830 53,518

Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 17,850 16,120

Deferred
tax
£   
Balance at 1 April 2021 16,120
Charge to Income Statement during year 1,730
Accelerated capital allowances
Balance at 31 March 2022 17,850

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
110 Ordinary £1 110 110

10. RESERVES
Retained
earnings
£   

At 1 April 2021 117,228
Profit for the year 167,242
Dividends (124,000 )
At 31 March 2022 160,470