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REGISTERED NUMBER: 11627066 (England and Wales)















Drawn 2 LTD

Unaudited Financial Statements for the Year Ended 31 October 2023






Drawn 2 LTD (Registered number: 11627066)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Drawn 2 LTD

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J Cardall
Mrs C D Cardall





REGISTERED OFFICE: 12 Kelvin Road
Leamington Spa
Warwickshire
CV32 7TE





REGISTERED NUMBER: 11627066 (England and Wales)





ACCOUNTANTS: D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE

Drawn 2 LTD (Registered number: 11627066)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,724 9,635

CURRENT ASSETS
Stocks 12,369 2,009
Debtors 5 27,911 52,778
Cash at bank 82,005 78,454
122,285 133,241
CREDITORS
Amounts falling due within one year 6 74,670 91,535
NET CURRENT ASSETS 47,615 41,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,339

51,341

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 55,329 51,331
SHAREHOLDERS' FUNDS 55,339 51,341

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:




J Cardall - Director


Drawn 2 LTD (Registered number: 11627066)

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


1. STATUTORY INFORMATION

Drawn 2 LTD 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Drawn 2 LTD (Registered number: 11627066)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 14,701
Additions 1,189
At 31 October 2023 15,890
DEPRECIATION
At 1 November 2022 5,066
Charge for year 3,100
At 31 October 2023 8,166
NET BOOK VALUE
At 31 October 2023 7,724
At 31 October 2022 9,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,911 47,260
Other debtors - 5,518
27,911 52,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,727 18,246
Taxation and social security 27,207 26,719
Other creditors 45,736 46,570
74,670 91,535

Drawn 2 LTD

Report of the Accountants to the Directors of
Drawn 2 LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE


22 March 2024