Drome Storage Company Limited 00685456 true 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is dormant company Digita Accounts Production Advanced 6.30.9574.0 true Mr AJ Baybutt Mrs G Horner false 00685456 2022-05-01 2023-04-30 00685456 2023-04-30 00685456 bus:OrdinaryShareClass1 2023-04-30 00685456 bus:OrdinaryShareClass2 2023-04-30 00685456 core:RetainedEarningsAccumulatedLosses 2023-04-30 00685456 core:ShareCapital 2023-04-30 00685456 core:CurrentFinancialInstruments 2023-04-30 00685456 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 00685456 core:LandBuildings 2023-04-30 00685456 bus:FRS102 2022-05-01 2023-04-30 00685456 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 00685456 bus:FullAccounts 2022-05-01 2023-04-30 00685456 bus:RegisteredOffice 2022-05-01 2023-04-30 00685456 bus:CompanySecretary1 2022-05-01 2023-04-30 00685456 bus:Director1 2022-05-01 2023-04-30 00685456 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 00685456 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 00685456 bus:EntityNoLongerTradingButTradedInPast 2022-05-01 2023-04-30 00685456 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 00685456 1 2022-05-01 2023-04-30 00685456 countries:EnglandWales 2022-05-01 2023-04-30 00685456 2022-04-30 00685456 core:LandBuildings 2022-04-30 00685456 2021-05-01 2022-04-30 00685456 2022-04-30 00685456 bus:OrdinaryShareClass1 2022-04-30 00685456 bus:OrdinaryShareClass2 2022-04-30 00685456 core:RetainedEarningsAccumulatedLosses 2022-04-30 00685456 core:ShareCapital 2022-04-30 00685456 core:CurrentFinancialInstruments 2022-04-30 00685456 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 00685456 core:LandBuildings 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00685456

Drome Storage Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Drome Storage Company Limited

(Registration number: 00685456)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

41,736

41,736

Current assets

 

Debtors

4

426,974

426,974

Creditors: Amounts falling due within one year

5

(9,343)

(9,343)

Net current assets

 

417,631

417,631

Net assets

 

459,367

459,367

Capital and reserves

 

Called up share capital

6

4,000

4,000

Retained earnings

455,367

455,367

Shareholders' funds

 

459,367

459,367

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 August 2023
 

.........................................
Mr AJ Baybutt
Director

 

Drome Storage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Warpers Moss Lane
Burscough
Lancashire
L40 4AQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is GBP and no level of rounding has been used in presenting the financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Drome Storage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2022

64,095

64,095

At 30 April 2023

64,095

64,095

Depreciation

At 1 May 2022

22,359

22,359

At 30 April 2023

22,359

22,359

Carrying amount

At 30 April 2023

41,736

41,736

At 30 April 2022

41,736

41,736

Included within the net book value of land and buildings above is £41,736 (2022 - £41,736) in respect of freehold land and buildings.
 

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

426,974

426,974

 

Drome Storage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Creditors

2023
£

2022
£

Due within one year

Trade creditors

9,343

9,343

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

3,000

3,000

3,000

3,000

Deferred shares of £1 each

1,000

1,000

1,000

1,000

 

4,000

4,000

4,000

4,000

7

Parent and ultimate parent undertaking

The company's immediate parent is W.Baybutt (Burscough) Ltd, incorporated in England and Wales.