Company Registration No. 13290344 (England and Wales)
Drumhof Ltd
Unaudited accounts
for the year ended 31 March 2024
Drumhof Ltd
Unaudited accounts
Contents
Drumhof Ltd
Company Information
for the year ended 31 March 2024
Directors
Shannon Drummond
Harry Hofmann
Company Number
13290344 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Drumhof Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
56,758
70,780
Cash at bank and in hand
720,508
319,625
Creditors: amounts falling due within one year
(180,401)
(102,497)
Net current assets
680,714
418,469
Net assets
737,472
489,249
Called up share capital
100
100
Profit and loss account
737,372
489,149
Shareholders' funds
737,472
489,249
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by
Shannon Drummond
Director
Company Registration No. 13290344
Drumhof Ltd
Notes to the Accounts
for the year ended 31 March 2024
Drumhof Ltd is a private company, limited by shares, registered in England and Wales, registration number 13290344. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
Straight line 20%
Computer equipment
Straight Line 25%
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 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.
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
64,490
11,338
75,828
At 31 March 2024
64,490
12,867
77,357
At 1 April 2023
2,150
2,898
5,048
Charge for the year
12,468
3,083
15,551
At 31 March 2024
14,618
5,981
20,599
At 31 March 2024
49,872
6,886
56,758
At 31 March 2023
62,340
8,440
70,780
Drumhof Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
70,578
94,110
Accrued income and prepayments
3,021
1,956
Other debtors
67,008
105,275
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
147,296
57,972
Other creditors
8,236
17,202
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
55,464
33,504
55,464
33,504
Director's Loan
55,464
33,504
55,464
33,504
110,928
67,008
110,928
67,008
The directors loan to H. Hofmann and S. Drummond has had interest charged at the market rate.
The directors loan of £33,504 to H. Hofmann has been repaid in full at the 6th of April 24.
The directors loan of £33,504 to S. Drummond has been repaid in full at the 6th of April 24.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).