DRAINAGE365 LIMITED

Company Registration Number:
08551142 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

DRAINAGE365 LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

DRAINAGE365 LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 116 232
Total fixed assets: 116 232
Current assets
Debtors:   622 389
Cash at bank and in hand: 1,263 7,215
Total current assets: 1,885 7,604
Creditors: amounts falling due within one year: 4 (3,654) (1,776)
Net current assets (liabilities): (1,769) 5,828
Total assets less current liabilities: (1,653) 6,060
Creditors: amounts falling due after more than one year: 5 (80,000) (80,000)
Total net assets (liabilities): (81,653) (73,940)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (81,654) (73,941)
Shareholders funds: (81,653) (73,940)

The notes form part of these financial statements

DRAINAGE365 LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: S J Tee
Status: Director

The notes form part of these financial statements

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 8,848
At 31 May 2023 8,848
Depreciation
At 01 June 2022 8,616
Charge for year 116
At 31 May 2023 8,732
Net book value
At 31 May 2023 116
At 31 May 2022 232

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

Trade creditors 2023 £1,775 2022 £226Other creditors 1,879 1,550Total 3,654 1,776

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due after more than one year note

Other creditors 2023 £80,000 2022 £80,000

DRAINAGE365 LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Related party transactions

Name of the related party: S J Tee
Relationship:
Director
Description of the Transaction: At the year end, there is a loan from the director of £80,000 (2022 £80,000) which is unsecured, interest free and only repayable if funds permit, and not to the detriment of the company's other creditors.
£
Balance at 01 June 2022 80,000
Balance at 31 May 2023 80,000