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REGISTERED NUMBER: 03108417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

1st Drainclear Limited

1st Drainclear Limited (Registered number: 03108417)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


1st Drainclear Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S P Bourner
C A Bourner





SECRETARY: C A Bourner





REGISTERED OFFICE: 104 Edge Hill Road
Chislehurst
Kent
BR7 6LB





REGISTERED NUMBER: 03108417 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
1st Drainclear Limited

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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 1st Drainclear Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 1st Drainclear Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 1st Drainclear Limited and state those matters that we have agreed to state to the Board of Directors of 1st Drainclear Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1st Drainclear Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 1st Drainclear Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 1st Drainclear Limited. You consider that 1st Drainclear Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 1st Drainclear Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


29 July 2024

1st Drainclear Limited (Registered number: 03108417)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,032 2,611

CURRENT ASSETS
Debtors 5 45,527 39,472
Cash at bank and in hand 19,894 29,953
65,421 69,425
CREDITORS
Amounts falling due within one year 6 43,547 50,262
NET CURRENT ASSETS 21,874 19,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,906

21,774

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 24,904 21,772
SHAREHOLDERS' FUNDS 24,906 21,774

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.

1st Drainclear Limited (Registered number: 03108417)

Statement of Financial Position - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





S P Bourner - Director


1st Drainclear Limited (Registered number: 03108417)

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

1. STATUTORY INFORMATION

1st Drainclear Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

1st Drainclear Limited (Registered number: 03108417)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 18,622 10,093 28,715
Additions 1,227 166 1,393
At 31 October 2023 19,849 10,259 30,108
DEPRECIATION
At 1 November 2022 16,992 9,112 26,104
Charge for year 716 256 972
At 31 October 2023 17,708 9,368 27,076
NET BOOK VALUE
At 31 October 2023 2,141 891 3,032
At 31 October 2022 1,630 981 2,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,510 4,432
Amounts owed by associates 39,382 31,881
Other debtors 4,635 3,159
45,527 39,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 131 131
Trade creditors 973 218
Amounts owed to associates 30,000 39,000
Taxation and social security 10,723 7,749
Other creditors 1,720 3,164
43,547 50,262

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2