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REGISTERED NUMBER: 04356234 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

DRAPER ACCOUNTANTS LIMITED

DRAPER ACCOUNTANTS LIMITED (REGISTERED NUMBER: 04356234)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRAPER ACCOUNTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: P G Draper
Mrs M B Draper
Miss B L Draper





SECRETARY: Mrs M B Draper





REGISTERED OFFICE: 3 Quarry Close
Leatherhead
Surrey
KT22 8US





REGISTERED NUMBER: 04356234 (England and Wales)





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

DRAPER ACCOUNTANTS LIMITED (REGISTERED NUMBER: 04356234)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,242 1,531

CURRENT ASSETS
Debtors 5 36,881 24,387
Cash at bank 15,361 18,575
52,242 42,962
CREDITORS
Amounts falling due within one year 6 17,137 19,134
NET CURRENT ASSETS 35,105 23,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,347

25,359

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 39,347 24,359
SHAREHOLDERS' FUNDS 40,347 25,359

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 17th November 2023 and were signed on its behalf by:





P G Draper - Director


DRAPER ACCOUNTANTS LIMITED (REGISTERED NUMBER: 04356234)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Draper Accountants 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022 694 4,846 5,540
Additions - 6,536 6,536
Disposals - (1,772 ) (1,772 )
At 31st May 2023 694 9,610 10,304
DEPRECIATION
At 1st June 2022 329 3,680 4,009
Charge for year 54 2,771 2,825
Eliminated on disposal - (1,772 ) (1,772 )
At 31st May 2023 383 4,679 5,062
NET BOOK VALUE
At 31st May 2023 311 4,931 5,242
At 31st May 2022 365 1,166 1,531

DRAPER ACCOUNTANTS LIMITED (REGISTERED NUMBER: 04356234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,898 18,202
Other debtors 6,983 6,185
36,881 24,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,435 2,556
Taxation and social security 12,879 16,107
Other creditors 1,823 471
17,137 19,134