IRIS Accounts Production v23.2.0.158 09291289 Board of Directors 1.4.22 31.3.23 31.3.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure092912892022-03-31092912892023-03-31092912892022-04-012023-03-31092912892021-03-31092912892021-04-012022-03-31092912892022-03-3109291289ns16:EnglandWales2022-04-012023-03-3109291289ns15:PoundSterling2022-04-012023-03-3109291289ns11:Director12022-04-012023-03-3109291289ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109291289ns11:SmallEntities2022-04-012023-03-3109291289ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109291289ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109291289ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109291289ns11:FullAccounts2022-04-012023-03-310929128912022-04-012023-03-3109291289ns11:Director22022-04-012023-03-3109291289ns11:RegisteredOffice2022-04-012023-03-3109291289ns6:CurrentFinancialInstruments2023-03-3109291289ns6:CurrentFinancialInstruments2022-03-3109291289ns6:Non-currentFinancialInstruments2023-03-3109291289ns6:Non-currentFinancialInstruments2022-03-3109291289ns6:ShareCapital2023-03-3109291289ns6:ShareCapital2022-03-3109291289ns6:RetainedEarningsAccumulatedLosses2023-03-3109291289ns6:RetainedEarningsAccumulatedLosses2022-03-3109291289ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109291289ns6:PlantMachinery2022-04-012023-03-3109291289ns6:MotorVehicles2022-04-012023-03-3109291289ns6:ComputerEquipment2022-04-012023-03-3109291289ns6:IntangibleAssetsOtherThanGoodwill2023-03-3109291289ns6:LandBuildings2022-03-3109291289ns6:PlantMachinery2022-03-3109291289ns6:MotorVehicles2022-03-3109291289ns6:ComputerEquipment2022-03-3109291289ns6:LandBuildings2022-04-012023-03-3109291289ns6:LandBuildings2023-03-3109291289ns6:PlantMachinery2023-03-3109291289ns6:MotorVehicles2023-03-3109291289ns6:ComputerEquipment2023-03-3109291289ns6:LandBuildings2022-03-3109291289ns6:PlantMachinery2022-03-3109291289ns6:MotorVehicles2022-03-3109291289ns6:ComputerEquipment2022-03-3109291289ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109291289ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 09291289 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

J & J DRAKE LIMITED

J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)






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


J & J DRAKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S Drake
L C Gifford





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 09291289 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,530 -
Tangible assets 5 581,787 456,793
589,317 456,793

CURRENT ASSETS
Debtors 6 152,742 207,861
Cash at bank 267,662 309,582
420,404 517,443
CREDITORS
Amounts falling due within one year 7 88,719 145,915
NET CURRENT ASSETS 331,685 371,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

921,002

828,321

CREDITORS
Amounts falling due after more than one
year

8

(36,774

)

(8,721

)

PROVISIONS FOR LIABILITIES (50,974 ) (14,636 )
NET ASSETS 833,254 804,964

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 833,074 804,784
SHAREHOLDERS' FUNDS 833,254 804,964

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.

J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





S Drake - Director


J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

J & J Drake 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.

Intangible assets
Registration plates are not being amortised as they will not decrease in value.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 7,530
At 31 March 2023 7,530
NET BOOK VALUE
At 31 March 2023 7,530

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 369,377 34,202 263,203 9,092 675,874
Additions - 20,510 161,708 759 182,977
At 31 March 2023 369,377 54,712 424,911 9,851 858,851
DEPRECIATION
At 1 April 2022 - 20,968 190,036 8,077 219,081
Charge for year - 6,236 50,943 804 57,983
At 31 March 2023 - 27,204 240,979 8,881 277,064
NET BOOK VALUE
At 31 March 2023 369,377 27,508 183,932 970 581,787
At 31 March 2022 369,377 13,234 73,167 1,015 456,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,402 56,761
Amounts owed by group undertakings 76,761 143,056
Other debtors 17,579 8,044
152,742 207,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,402 21,298
Trade creditors 22,955 14,194
Taxation and social security 11,158 101,520
Other creditors 17,204 8,903
88,719 145,915

J & J DRAKE LIMITED (REGISTERED NUMBER: 09291289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,774 8,721

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £116,853 (2022 - £118,922) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Drake by virtue of his 60% ownership of the issued ordinary share capital.