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Company Registration No. 12351332 (England and Wales)
Drumskaith Limited Unaudited accounts for the year ended 31 January 2024
Drumskaith Limited Unaudited accounts Contents
Page
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Drumskaith Limited Company Information for the year ended 31 January 2024
Director
G McEwan
Company Number
12351332 (England and Wales)
Registered Office
2nd Floor College House 17 King Edwards Road Ruislip London HA4 7AE
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Drumskaith Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
704 
51 
Current assets
Debtors
51,640 
27,540 
Cash at bank and in hand
49,952 
39,405 
101,592 
66,945 
Creditors: amounts falling due within one year
(31,410)
(39,351)
Net current assets
70,182 
27,594 
Net assets
70,886 
27,645 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
70,885 
27,644 
Shareholders' funds
70,886 
27,645 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 12 August 2024 and were signed on its behalf by
G McEwan Director Company Registration No. 12351332
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Drumskaith Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Drumskaith Limited is a private company, limited by shares, registered in England and Wales, registration number 12351332. The registered office is 2nd Floor College House, 17 King Edwards Road, Ruislip, London, HA4 7AE.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Computer equipment
20% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Drumskaith Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
129 
Additions
741 
At 31 January 2024
870 
Depreciation
At 1 February 2023
78 
Charge for the year
88 
At 31 January 2024
166 
Net book value
At 31 January 2024
704 
At 31 January 2023
51 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
15,600 
Accrued income and prepayments
12,006 
11,940 
Other debtors
39,634 
- 
51,640 
27,540 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,134 
5,114 
Taxes and social security
27,141 
34,039 
Loans from directors
- 
73 
Accruals
135 
125 
31,410 
39,351 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
G McEwan
- 
90,426 
50,792 
39,634 
- 
90,426 
50,792 
39,634 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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