Company Registration No. 13290344 (England and Wales)
Drumhof Ltd
Unaudited accounts
for the year ended 31 March 2023
Drumhof Ltd
Unaudited accounts
Contents
Drumhof Ltd
Company Information
for the year ended 31 March 2023
Directors
S Drummond
H Hofmann
Company Number
13290344 (England and Wales)
Registered Office
C/O ACCOUNTS AND LEGAL
125 DEANSGATE
MANCHESTER
GREATER MANCHESTER
M3 2BY
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Drumhof Ltd
Accountants' report
Accountants' report to the board of directors of Drumhof Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Drumhof Ltd for the year ended
31 March 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Drumhof Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Drumhof Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drumhof Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Drumhof Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Drumhof Ltd. You consider that Drumhof Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Drumhof Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
30 May 2023
Drumhof Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
70,780
7,154
Cash at bank and in hand
319,625
422,732
Creditors: amounts falling due within one year
(102,496)
(147,726)
Net current assets
418,470
328,098
Net assets
489,250
335,252
Called up share capital
100
100
Profit and loss account
489,150
335,152
Shareholders' funds
489,250
335,252
For the year ending 31 March 2023 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 20 July 2023 and were signed on its behalf by
H Hofmann
Director
Company Registration No. 13290344
Drumhof Ltd
Notes to the Accounts
for the year ended 31 March 2023
Drumhof Ltd is a private company, limited by shares, registered in England and Wales, registration number 13290344. The registered office is C/O ACCOUNTS AND LEGAL, 125 DEANSGATE, MANCHESTER, GREATER MANCHESTER, M3 2BY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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: 25% straight line basis.
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
Drumhof Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
7,544
7,544
Additions
64,490
3,794
68,284
At 31 March 2023
64,490
11,338
75,828
Charge for the year
2,150
2,508
4,658
At 31 March 2023
2,150
2,898
5,048
At 31 March 2023
62,340
8,440
70,780
At 31 March 2022
-
7,154
7,154
Amounts falling due within one year
Trade debtors
94,110
46,301
Accrued income and prepayments
1,956
-
Other debtors
105,275
6,791
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
57,972
120,342
Loans from directors
-
4,777
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
55,464
-
55,464
Director's Loan
-
55,464
-
55,464
The directors loan to H. Hofmann and S. Drummond has had interest charged.
The directors loan of £55,464 to H. Hofmann has been repaid in full at the 6th of April 23.
The directors loan of £55,464 to S. Drummond has been repaid in full at the 6th of April 23.
Drumhof Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).