Registered number
11162044
Drawn Sword Limited
Report and Accounts
31 January 2024
Drawn Sword Limited
Report to the director on the preparation of the unaudited statutory accounts of Drawn Sword Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Drawn Sword Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
21 February 2024
Drawn Sword Limited
Registered number: 11162044
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 53,850 53,850
Tangible assets 4 1,087 2,115
54,937 55,965
Current assets
Stocks 15,666 11,074
Cash at bank and in hand 32,739 37,139
48,405 48,213
Creditors: amounts falling due within one year 5 (15,646) (18,595)
Net current assets 32,759 29,618
Net assets 87,696 85,583
Capital and reserves
Called up share capital 1 1
Profit and loss account 87,695 85,582
Shareholder's funds 87,696 85,583
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Dixon
Director
Approved by the board on 21 February 2024
Drawn Sword Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 53,850
At 31 January 2024 53,850
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 53,850
At 31 January 2023 53,850
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 10,099
At 31 January 2024 10,099
Depreciation
At 1 February 2023 7,984
Charge for the year 1,028
At 31 January 2024 9,012
Net book value
At 31 January 2024 1,087
At 31 January 2023 2,115
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 877 877
Corporation tax 12,043 14,499
Other taxes and social security costs 240 -
Other creditors 2,486 3,219
15,646 18,595
6 Other information
Drawn Sword Limited is a private company limited by shares and incorporated in England. Its registered office is:
Berrymill Cottage
Craven Arms
SY7 8DA
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