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Company Registration No. 14595060 (England and Wales)
Dre Utilities Ltd Unaudited accounts for the period from 16 January 2023 to 31 January 2024
Dre Utilities Ltd Unaudited accounts Contents
Page
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Dre Utilities Ltd Company Information for the period from 16 January 2023 to 31 January 2024
Director
Emma Marie Gray
Company Number
14595060 (England and Wales)
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Dre Utilities Ltd Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
11,793 
Current assets
Debtors
22,630 
Cash at bank and in hand
35,254 
57,884 
Creditors: amounts falling due within one year
(56,659)
Net current assets
1,225 
Total assets less current liabilities
13,018 
Provisions for liabilities
Deferred tax
(2,982)
Net assets
10,036 
Capital and reserves
Called up share capital
1,000 
Profit and loss account
9,036 
Shareholders' funds
10,036 
For the period ending 31 January 2024 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
Emma Marie Gray Director Company Registration No. 14595060
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Dre Utilities Ltd Notes to the Accounts for the period from 16 January 2023 to 31 January 2024
1
Statutory information
Dre Utilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 14595060.
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 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.
Turnover
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.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Dre Utilities Ltd Notes to the Accounts for the period from 16 January 2023 to 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 16 January 2023
- 
- 
- 
Additions
14,973 
750 
15,723 
At 31 January 2024
14,973 
750 
15,723 
Depreciation
Charge for the period
3,743 
187 
3,930 
At 31 January 2024
3,743 
187 
3,930 
Net book value
At 31 January 2024
11,230 
563 
11,793 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
278 
Trade debtors
4,995 
Other debtors
17,357 
22,630 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
9,580 
Loans from directors
29,122 
Accruals
600 
Deferred income
17,357 
56,659 
7
Deferred taxation
2024 
£ 
Accelerated capital allowances
2,982 
2024 
£ 
Charged to other comprehensive income
2,982 
Provision at end of period
2,982 
A deferred taxation reserve has been create due to accelerated capital allowances of some £2,982 This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day
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Dre Utilities Ltd Notes to the Accounts for the period from 16 January 2023 to 31 January 2024
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
9
Average number of employees
During the period the average number of employees was 1.
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