Registered number
11593527
The Draft Writers Ltd
Unaudited Filleted Accounts
30 September 2023
The Draft Writers Ltd
Registered number: 11593527
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,320 2,241
Current assets
Debtors 4 155,894 276,460
Cash at bank and in hand 711,829 768,439
867,723 1,044,899
Creditors: amounts falling due within one year 5 (257,935) (460,845)
Net current assets 609,788 584,054
Net assets 611,108 586,295
Capital and reserves
Called up share capital 100 100
Profit and loss account 611,008 586,195
Shareholders' funds 611,108 586,295
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.
The financial statements 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.
The financial statements were approved and authorised for issue by the board on :
Philip James Collins
Director
Signed on behalf of the board on 24 January 2024
The Draft Writers Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The Draft Writers Limited is a private company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The company's principle place of business is the same as registered address.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are rounded to the nearest round.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 1A (this is the company's first time adoption and there is no transition adjustment to report), The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The significant accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Computer equipment 33% straight line
Fixtures, fittings, tools and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 9,783
Additions 2,346
Disposals (1,333)
At 30 September 2023 10,796
Depreciation
At 1 October 2022 7,542
Charge for the year 2,374
On disposals (440)
At 30 September 2023 9,476
Net book value
At 30 September 2023 1,320
At 30 September 2022 2,241
4 Debtors 2023 2022
£ £
Trade debtors 98,474 261,536
Prepayments 6,560 6,306
Other debtors 50,860 8,618
155,894 276,460
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 214,829 176,352
Directors' accounts 998 281,935
Accruals 2,088 1,680
Other creditors 40,020 878
257,935 460,845
6 Controlling party
Mr Philip James Collins is the ultimate controlling party.
7 Other information
The Draft Writers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 427 Metal Box Factory Business Centre
30 Great Guildford Street
London
England
SE1 0HS
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