DRAIN TRACE LIMITED

Company Registration Number:
05098232 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DRAIN TRACE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

DRAIN TRACE LIMITED

Company Information

for the Period Ended 31 March 2024




Director: N W Broadbent
Registered office: Unit 1c
Spa Fields Industrial Estate, New Street
Slaithwaite
Huddersfield
West Yorkshire
HD7 5BB
Company Registration Number: 05098232 (England and Wales)

DRAIN TRACE LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The principal activity of the company in the year under review was that of Drain Clearance & Survey.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
N W Broadbent

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: N W Broadbent
Status: Director

DRAIN TRACE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 432,821 491,849
Tangible assets: 5 460,835 411,400
Total fixed assets: 893,656 903,249
Current assets
Debtors: 331,555 302,474
Cash at bank and in hand: 282,525 129,089
Total current assets: 614,080 431,563
Creditors: amounts falling due within one year: ( 273,922 ) ( 218,313 )
Net current assets (liabilities): 340,158 213,250
Total assets less current liabilities: 1,233,814 1,116,499
Creditors: amounts falling due after more than one year: ( 668,603 ) ( 753,982 )
Total net assets (liabilities): 565,211 362,517

The notes form part of these financial statements

DRAIN TRACE LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 564,211 361,517
Shareholders funds: 565,211 362,517

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: N W Broadbent
Status: Director

The notes form part of these financial statements

DRAIN TRACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each tangible fixed asset over its estimated
    useful life:
    Plant & Machinery 20% (straight line)
    Motor Vehicles 25% (straight line)
    Equipment 33% (straight line)

    Intangible fixed assets amortisation policy

    Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic

    Franchise Agreement 10% (straight line)

    Other accounting policies

    Hire Purchase Agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

DRAIN TRACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 18 18

DRAIN TRACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

DRAIN TRACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2023 590,229
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 March 2024 590,229
    Amortisation
    Amortisation at 01 April 2023 98,380
    Charge for year 59,028
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2024 157,408
    Net book value
    Net book value at 31 March 2024 432,821
    Net book value at 31 March 2023 491,849

DRAIN TRACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible Assets

Total
Cost £
At 01 April 2023 546,374
Additions 210,483
Disposals -
Revaluations -
Transfers -
At 31 March 2024 756,857
Depreciation
At 01 April 2023 134,974
Charge for year 161,048
On disposals -
Other adjustments -
At 31 March 2024 296,022
Net book value
At 31 March 2024 460,835
At 31 March 2023 411,400