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Company Registration No. 12155973 (England and Wales)
DRACHMA LIMITED Unaudited accounts for the year ended 31 August 2023
DRACHMA LIMITED Unaudited accounts Contents
Page
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DRACHMA LIMITED Company Information for the year ended 31 August 2023
Director
Pritesh Mistry
Company Number
12155973 (England and Wales)
Registered Office
82 Rosamund Avenue Leicester LE3 2GN United Kingdom
Accountants
BGS Accounting Limited 75 Exploration Drive Leicester LE4 5NU
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DRACHMA LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
335 
502 
Current assets
Cash at bank and in hand
1,372 
10,960 
Creditors: amounts falling due within one year
- 
(2,487)
Net current assets
1,372 
8,473 
Net assets
1,707 
8,975 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,607 
8,875 
Shareholders' funds
1,707 
8,975 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Pritesh Mistry Director Company Registration No. 12155973
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DRACHMA LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
DRACHMA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12155973. The registered office is 82 Rosamund Avenue, Leicester, LE3 2GN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
699 
At 31 August 2023
699 
Depreciation
At 1 September 2022
197 
Charge for the year
167 
At 31 August 2023
364 
Net book value
At 31 August 2023
335 
At 31 August 2022
502 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
2,487 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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