DRS16 LTD


Directors	MCCROSSAN, Jill
	MCCROSSAN, Joseph Sean


Registered Address	Bowers Cottage Hall Lane
	Mobberly
	Knutsford
	WA16 7AQ


Registered Number	10340220 (England and Wales)

Balance Sheet as at
31 January 2023

	Notes	31 Jan 2023		31 Aug 2021
		£	£	£	£
Fixed assets
Tangible assets	6		45,118		40,799
			45,118		40,799
Current assets
Stocks	7	-		7,864
Debtors	8	14,330		1,363
Cash at bank and on hand		3,137		7,527
		17,467		16,754
Creditors amounts falling due within one year	9	(28,295)		(26,308)
Net current assets (liabilities)			(10,828)		(9,554)
Total assets less current liabilities			34,290		31,245
Creditors amounts falling due after one year	10		(30,249)		(17,523)
Provisions for liabilities	12		(4,029)		(7,752)
Net assets			12		5,970
Capital and reserves
Called up share capital			1		1
Profit and loss account			11		5,969
Shareholders' funds			12		5,970

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 27 June 2023, and are signed on its behalf by:

MCCROSSAN, Joseph Sean
Director
Registered Company No. 10340220

DRS16 LTD

Notes to the Financial Statements
for the period ended 31 January 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The Principle activity of the company is consulting.

4.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	15
	Vehicles	25
	Office Equipment	25

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

5.	Employee information


		2023		2021
	Average number of employees during the year	2		2

6.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 21	2,911	49,050	12,335	64,296
Additions	-	28,059	-	28,059
Disposals	-	(10,800)	-	(10,800)
At 31 January 23	2,911	66,309	12,335	81,555
Depreciation and impairment
At 01 September 21	851	16,815	5,831	23,497
Charge for year	676	17,377	1,542	19,595
On disposals	-	(6,655)	-	(6,655)
At 31 January 23	1,527	27,537	7,373	36,437
Net book value
At 31 January 23	1,384	38,772	4,962	45,118
At 31 August 21	2,060	32,235	6,504	40,799

7.	Stocks

	2023	2021
	£	£
Work in progress	-	7,864
Total	-	7,864

8.	Debtors

	2023	2021
	£	£
Trade debtors / trade receivables	2,833	504
Other debtors	11,295	439
Prepayments and accrued income	202	420
Total	14,330	1,363


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2023	2021
	£	£
Trade creditors / trade payables	198	-
Bank borrowings and overdrafts	3,958	2,101
Taxation and social security	16,261	12,838
Finance lease and HP contracts	5,878	-
Other creditors	-	10,018
Accrued liabilities and deferred income	2,000	1,351
Total	28,295	26,308


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2023	2021
	£	£
Bank borrowings and overdrafts	11,377	17,523
Other creditors	18,872	-
Total	30,249	17,523

11.	Finance lease and HP contracts after one year

		2023		2021
		£		£
	Finance lease and HP contracts	18,872		-

12.	Provisions for liabilities

	2023	2021
	£	£
Net deferred tax liability (asset)	4,029	7,752
Total	4,029	7,752