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Company Registration No. 14195052 (England and Wales)
DRAUP INC LTD Unaudited accounts for the year ended 31 December 2023
DRAUP INC LTD Unaudited accounts Contents
Page
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DRAUP INC LTD Company Information for the year ended 31 December 2023
Director
Daniella Loftus
Company Number
14195052 (England and Wales)
Registered Office
107 KIRKGATE LEEDS LS1 6DP ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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DRAUP INC LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
39,471 
364,509 
Creditors: amounts falling due within one year
(164,339)
(157,592)
Net current (liabilities)/assets
(124,868)
206,917 
Net (liabilities)/assets
(124,868)
206,917 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
456,000 
456,000 
Profit and loss account
(580,968)
(249,183)
Shareholders' funds
(124,868)
206,917 
For the year ending 31 December 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 her 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 25 March 2024 and were signed on its behalf by
Daniella Loftus Director Company Registration No. 14195052
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DRAUP INC LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
DRAUP INC LTD is a private company, limited by shares, registered in England and Wales, registration number 14195052. The registered office is 107 KIRKGATE, LEEDS, LS1 6DP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,456 
- 
Amounts owed to group undertakings and other participating interests
161,284 
139,717 
Taxes and social security
- 
17,325 
Other creditors
1,599 
550 
164,339 
157,592 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Transactions with related parties
Draup Inc: The company is related to Draup Inc Ltd by virtue of common shareholders and directors. The amount owed to Draup Inc at the balance sheet date was £159,487 (2022: £139,717).
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DRAUP INC LTD Notes to the Accounts for the year ended 31 December 2023
7
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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