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REGISTERED NUMBER: 07844881 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Drainage Technical Services Limited

Drainage Technical Services Limited (Registered number: 07844881)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Drainage Technical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Le-Surf





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 07844881 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Drainage Technical Services Limited (Registered number: 07844881)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 81,266 83,859

CURRENT ASSETS
Inventories 2,500 5,000
Debtors 5 122,403 137,118
Cash at bank 108,218 47,501
233,121 189,619
CREDITORS
Amounts falling due within one year 6 119,884 84,556
NET CURRENT ASSETS 113,237 105,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,503

188,922

CREDITORS
Amounts falling due after more than one
year

7

-

(11,773

)

PROVISIONS FOR LIABILITIES 8 (15,414 ) (15,933 )
NET ASSETS 179,089 161,216

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 10 178,979 161,106
SHAREHOLDERS' FUNDS 179,089 161,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Drainage Technical Services Limited (Registered number: 07844881)

Statement of Financial Position - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





A Le-Surf - Director


Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Drainage Technical Services 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

Turnover
Revenue 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Functional currency
The company's functional currency is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are disclosed at fair value.

Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 130,903 93,265 19,293 243,461
Additions 19,550 - 2,829 22,379
At 31 March 2024 150,453 93,265 22,122 265,840
DEPRECIATION
At 1 April 2023 90,090 59,059 10,453 159,602
Charge for year 13,499 8,551 2,922 24,972
At 31 March 2024 103,589 67,610 13,375 184,574
NET BOOK VALUE
At 31 March 2024 46,864 25,655 8,747 81,266
At 31 March 2023 40,813 34,206 8,840 83,859


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,403 137,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,773 3,802
Trade creditors 2,810 -
Tax 75,422 58,623
Social security and other taxes 6,299 3,484
VAT 19,566 15,565
Directors' current accounts 1,014 132
Accruals & other creditors 3,000 2,950
119,884 84,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 11,773

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,414 15,933

Drainage Technical Services Limited (Registered number: 07844881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 15,933
Provided during year (519 )
Accelerated capital allowances
Balance at 31 March 2024 15,414

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
110 Ordinary £1 110 110

10. RESERVES
Retained
earnings
£   

At 1 April 2023 161,106
Profit for the year 217,873
Dividends (200,000 )
At 31 March 2024 178,979