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REGISTERED NUMBER: 01858043 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

DRAKE & REYNOLDS LIMITED

DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAKE & REYNOLDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs J M Reynolds
D Reynolds





SECRETARY: Mrs J M Reynolds





REGISTERED OFFICE: 1 Dawes Court
High Street
Esher
Surrey
KT10 9QD





REGISTERED NUMBER: 01858043 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)

BALANCE SHEET
30 APRIL 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 835 40
Investments 5 1,400 2,800
2,235 2,840

CURRENT ASSETS
Debtors 6 28,300 16,002
Cash at bank 90,170 118,525
118,470 134,527
CREDITORS
Amounts falling due within one year 7 45,016 42,137
NET CURRENT ASSETS 73,454 92,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,689

95,230

CREDITORS
Amounts falling due after more than one year 8 22,500 31,667
NET ASSETS 53,189 63,563

CAPITAL AND RESERVES
Called up share capital 36 36
Share premium 5,380 5,380
Capital redemption reserve 672 672
Retained earnings 47,101 57,475
53,189 63,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





D Reynolds - Director


DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Drake & Reynolds 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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 2 (2022 - 3 ) .

DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 3,604
Additions 1,113
Disposals (400 )
At 30 April 2023 4,317
DEPRECIATION
At 1 May 2022 3,564
Charge for year 318
Eliminated on disposal (400 )
At 30 April 2023 3,482
NET BOOK VALUE
At 30 April 2023 835
At 30 April 2022 40

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 14,000
PROVISIONS
At 1 May 2022 11,200
Provision for year 1,400
At 30 April 2023 12,600
NET BOOK VALUE
At 30 April 2023 1,400
At 30 April 2022 2,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 23,631 13,981
Other debtors 4,669 2,021
28,300 16,002

DRAKE & REYNOLDS LIMITED (REGISTERED NUMBER: 01858043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,816 4,181
Taxation and social security 21,648 20,452
Other creditors 7,552 7,504
45,016 42,137

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans 22,500 31,667