Registered number
SC388588
Dralf Limited
Filleted Accounts
30 November 2023
Dralf Limited
Registered number: SC388588
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,493 1,898
Current assets
Debtors 4 2,436 -
Cash at bank and in hand 7,540 9,378
9,976 9,378
Creditors: amounts falling due within one year 5 (7,085) (8,403)
Net current assets 2,891 975
Net assets 5,384 2,873
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,284 2,773
Shareholders' funds 5,384 2,873
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Kerr
Director
Approved by the board on 30 June 2024
Dralf Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is earned from the provision of consultancy services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 4,628
Additions 1,218
At 30 November 2023 5,846
Depreciation
At 1 December 2022 2,730
Charge for the year 623
At 30 November 2023 3,353
Net book value
At 30 November 2023 2,493
At 30 November 2022 1,898
4 Debtors 2023 2022
£ £
Trade debtors 2,436 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,880 1,875
Other creditors 1,205 6,528
7,085 8,403
6 Related party transactions
Dividends of £13,000 (2022 : £3,000) were paid to the directors.
7 Controlling party
The company is controlled by the directors.
8 Other information
Dralf Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Adams Court
Troon
Ayrshire
KA10 6XG
Dralf Limited SC388588 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 R Kerr No description of principal activity SC388588 2021-12-01 2022-11-30 SC388588 core:WithinOneYear 2022-11-30 SC388588 core:ShareCapital 2022-11-30 SC388588 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC388588 2022-12-01 2023-11-30 SC388588 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC388588 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC388588 bus:Director40 2022-12-01 2023-11-30 SC388588 1 2022-12-01 2023-11-30 SC388588 2 2022-12-01 2023-11-30 SC388588 core:PlantMachinery 2022-12-01 2023-11-30 SC388588 countries:England 2022-12-01 2023-11-30 SC388588 bus:FRS102 2022-12-01 2023-11-30 SC388588 bus:FullAccounts 2022-12-01 2023-11-30 SC388588 2023-11-30 SC388588 core:WithinOneYear 2023-11-30 SC388588 core:ShareCapital 2023-11-30 SC388588 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC388588 core:PlantMachinery 2023-11-30 SC388588 2022-11-30 SC388588 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure