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REGISTERED NUMBER: 04617988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Dryden Limited

Dryden Limited (Registered number: 04617988)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dryden Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S A Jennings
G J Jennings





REGISTERED OFFICE: Unit 1 1622 Bristol Road South
Rednal
Birmingham
B45 9TY





REGISTERED NUMBER: 04617988 (England and Wales)





ACCOUNTANTS: LR Business Services Limited
Old Orchard
Crown East Lane
Lower Broadheath
Worcester
Worcestershire
WR2 6RH

Dryden Limited (Registered number: 04617988)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,240 139,689

CURRENT ASSETS
Stocks 5 111,618 29,379
Debtors 6 154,473 172,445
Cash at bank and in hand 168,566 190,929
434,657 392,753
CREDITORS
Amounts falling due within one year 7 140,634 121,335
NET CURRENT ASSETS 294,023 271,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,263

411,107

CREDITORS
Amounts falling due after more than
one year

8

(7,422

)

(10,972

)

PROVISIONS FOR LIABILITIES 9 (24,630 ) (26,178 )
NET ASSETS 394,211 373,957

CAPITAL AND RESERVES
Called up share capital 10 2,500 2,500
Retained earnings 11 391,711 371,457
SHAREHOLDERS' FUNDS 394,211 373,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dryden Limited (Registered number: 04617988)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





G J Jennings - Director


Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dryden 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.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 114,055 357,066 38,291 70,062 579,474
Additions 3,567 9,815 4,902 4,225 22,509
At 31 March 2023 117,622 366,881 43,193 74,287 601,983
DEPRECIATION
At 1 April 2022 110,389 230,579 29,811 69,006 439,785
Charge for year 4,022 20,437 3,345 2,154 29,958
At 31 March 2023 114,411 251,016 33,156 71,160 469,743
NET BOOK VALUE
At 31 March 2023 3,211 115,865 10,037 3,127 132,240
At 31 March 2022 3,666 126,487 8,480 1,056 139,689

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 18,490
DEPRECIATION
At 1 April 2022 2,774
Charge for year 2,357
At 31 March 2023 5,131
NET BOOK VALUE
At 31 March 2023 13,359
At 31 March 2022 15,716

5. STOCKS
31.3.23 31.3.22
£    £   
Stock 111,618 29,379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 79,138 99,224
Amounts due under contract 1,200 1,205
Amounts owed by participating interests 50,000 50,000
Directors' current accounts 1,827 3,942
Prepayments & accrued income 22,308 18,074
154,473 172,445

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,167 4,167
Hire purchase contracts 3,873 3,873
Trade creditors 66,257 60,153
Corporation tax 13,293 2,797
Social security and other taxes 14,637 16,539
VAT 31,573 30,933
Directors' current accounts 45 -
Accrued expenses 7,789 2,873
140,634 121,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 7,422 10,972

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 24,630 26,178

Deferred
tax
£   
Balance at 1 April 2022 26,178
Credit to Income Statement during year (1,548 )
Balance at 31 March 2023 24,630

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2,500 Ordinary 'A' £1 2,500 2,500

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. RESERVES
Retained
earnings
£   

At 1 April 2022 371,457
Profit for the year 49,254
Dividends (29,000 )
At 31 March 2023 391,711

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
G J Jennings
Balance outstanding at start of year 1,737 49,688
Amounts advanced 2,590 6,049
Amounts repaid (2,500 ) (54,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,827 1,737

Mrs S A Jennings
Balance outstanding at start of year 2,204 49,310
Amounts advanced 251 2,894
Amounts repaid (2,500 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45 ) 2,204

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 (2022 - £24,000) were paid to the directors .