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REGISTERED NUMBER: 09036828 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

Drake IT Consultancy Limited

Drake IT Consultancy Limited (Registered number: 09036828)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Drake IT Consultancy Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr J Drake





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09036828 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Drake IT Consultancy Limited (Registered number: 09036828)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,002 1,336

CURRENT ASSETS
Cash at bank 244,018 293,834

CREDITORS
Amounts falling due within one year 5 47,414 47,414
NET CURRENT ASSETS 196,604 246,420
TOTAL ASSETS LESS CURRENT LIABILITIES 197,606 247,756

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 197,604 247,754
SHAREHOLDERS' FUNDS 197,606 247,756

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 February 2024 and were signed by:




Mr J Drake - Director


Drake IT Consultancy Limited (Registered number: 09036828)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Drake IT Consultancy 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 5,131
DEPRECIATION
At 1 June 2022 3,795
Charge for year 334
At 31 May 2023 4,129
NET BOOK VALUE
At 31 May 2023 1,002
At 31 May 2022 1,336

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 308 308
Other creditors 47,106 47,106
47,414 47,414

Drake IT Consultancy Limited (Registered number: 09036828)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. RELATED PARTY DISCLOSURES

The Director Mr J Drake is considered to be key management personnel.