Company Registration No. 13666283 (England and Wales)
Drain 2 Drain Limited
Unaudited accounts
for the year ended 31 October 2023
Drain 2 Drain Limited
Unaudited accounts
Contents
Drain 2 Drain Limited
Company Information
for the year ended 31 October 2023
Director
Daniel Michael Foulis
Company Number
13666283 (England and Wales)
Registered Office
102 Carsington Crescent
Derby
Derbyshire
DE22 2QX
UK
Accountants
RLTP Accountants
Suite 8, Riverside Business Centre
Foundry Lane
Milford, Belper
Derbyshire
DE56 0RN
Drain 2 Drain Limited
Statement of financial position
as at 31 October 2023
Tangible assets
16,761
17,848
Cash at bank and in hand
20,256
621
Creditors: amounts falling due within one year
(61,782)
(18,677)
Net current liabilities
(41,526)
(18,056)
Total assets less current liabilities
(24,765)
(208)
Creditors: amounts falling due after more than one year
-
(31,500)
Net liabilities
(24,765)
(31,708)
Called up share capital
2
2
Profit and loss account
(24,767)
(31,710)
Shareholders' funds
(24,765)
(31,708)
For the year ending 31 October 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 15 March 2024 and were signed on its behalf by
Daniel Michael Foulis
Director
Company Registration No. 13666283
Drain 2 Drain Limited
Notes to the Accounts
for the year ended 31 October 2023
Drain 2 Drain Limited is a private company, limited by shares, registered in England and Wales, registration number 13666283. The registered office is 102 Carsington Crescent, Derby, Derbyshire, DE22 2QX, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
7,497
16,300
23,797
At 31 October 2023
11,997
16,300
28,297
At 1 November 2022
1,874
4,075
5,949
Charge for the year
2,531
3,056
5,587
At 31 October 2023
4,405
7,131
11,536
At 31 October 2023
7,592
9,169
16,761
At 31 October 2022
5,623
12,225
17,848
Drain 2 Drain Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,656
2,008
Loans from directors
44,787
14,036
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).