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Company Registration No. 02871039 (England and Wales)
Drumlin Construction Ltd Unaudited accounts for the year ended 31 December 2022
Drumlin Construction Ltd Unaudited accounts Contents
Page
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Drumlin Construction Ltd Company Information for the year ended 31 December 2022
Directors
Mr S Campbell Mrs Z Campbell
Secretary
Mr S Campbell
Company Number
02871039 (England and Wales)
Registered Office
9 Byron Hill Road Harrow on The Hill Middlesex HA2 0JE England
Accountants
Hibernian Accounting & Taxation Limited Ballinasloe Enrterprise Centre Creagh Road Ballinasloe Galway H53E9R2
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Drumlin Construction Ltd for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Drumlin Construction Ltd for the year ended 31 December 2022 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Hibernian Accounting & Taxation Limited Chartered Certified Accountants Ballinasloe Enrterprise Centre Creagh Road Ballinasloe Galway H53E9R2 30 September 2023
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Drumlin Construction Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
543 
723 
Current assets
Debtors
25,910 
760 
Cash at bank and in hand
493,328 
589,225 
519,238 
589,985 
Creditors: amounts falling due within one year
(11,305)
(17,849)
Net current assets
507,933 
572,136 
Net assets
508,476 
572,859 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
508,376 
572,759 
Shareholders' funds
508,476 
572,859 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Mr S Campbell Director Company Registration No. 02871039
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Drumlin Construction Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Drumlin Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 02871039. The registered office is 9 Byron Hill Road, Harrow on The Hill, Middlesex, HA2 0JE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Drumlin Construction Ltd Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
4,640 
16,204 
3,377 
24,221 
At 31 December 2022
4,640 
16,204 
3,377 
24,221 
Depreciation
At 1 January 2022
4,640 
15,819 
3,039 
23,498 
Charge for the year
- 
96 
84 
180 
At 31 December 2022
4,640 
15,915 
3,123 
23,678 
Net book value
At 31 December 2022
- 
289 
254 
543 
At 31 December 2021
- 
385 
338 
723 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,220 
- 
Other debtors
17,690 
760 
25,910 
760 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
1,068 
3,534 
Trade creditors
3,500 
- 
Taxes and social security
16 
1,717 
Loans from directors
- 
314 
Accruals
6,721 
12,284 
11,305 
17,849 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to director
- 
16,930 
- 
16,930 
- 
16,930 
- 
16,930 
8
Transactions with related parties
The directors received dividends of £47,530 from the company during the year.
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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