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REGISTERED NUMBER: 08402900 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BATES DRAINS LIMITED

BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATES DRAINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr R J Adams
Mr A Bates





SECRETARY:





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 08402900 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)

BALANCE SHEET
28 FEBRUARY 2023

28/2/22 28/2/23
£    Notes £   
FIXED ASSETS
30,456 Tangible assets 4 23,228

CURRENT ASSETS
53,461 Debtors 5 75,145
318 Cash at bank -
53,779 75,145
CREDITORS
(64,408 ) Amounts falling due within one year 6 (79,881 )
(10,629 ) NET CURRENT LIABILITIES (4,736 )
19,827 TOTAL ASSETS LESS CURRENT
LIABILITIES

18,492

CREDITORS
(18,643 ) Amounts falling due after more than one year 7 (10,205 )
1,184 NET ASSETS 8,287

CAPITAL AND RESERVES
4 Called up share capital 4
1,180 Retained earnings 8,283
1,184 SHAREHOLDERS' FUNDS 8,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)

BALANCE SHEET - continued
28 FEBRUARY 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 24 April 2023 and were signed on its behalf by:




Mr R J Adams - Director



Mr A Bates - Director


BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Bates Drains 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 120,519
Additions 1,137
At 28 February 2023 121,656
DEPRECIATION
At 1 March 2022 90,063
Charge for year 8,365
At 28 February 2023 98,428
NET BOOK VALUE
At 28 February 2023 23,228
At 28 February 2022 30,456

BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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
etc
£   
COST
At 1 March 2022
and 28 February 2023 77,814
DEPRECIATION
At 1 March 2022 26,345
Charge for year 5,811
At 28 February 2023 32,156
NET BOOK VALUE
At 28 February 2023 45,658
At 28 February 2022 51,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 74,496 52,812
Other debtors 649 649
75,145 53,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 343 -
Hire purchase contracts 2,226 4,502
Trade creditors 18,693 21,927
Taxation and social security 48,299 30,796
Other creditors 10,320 7,183
79,881 64,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans 9,149 15,360
Hire purchase contracts 1,056 3,283
10,205 18,643

BATES DRAINS LIMITED (REGISTERED NUMBER: 08402900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 9,149 15,360

The bank loan is secured by the personal guarantee of the director.