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Registration number: 13760921

Dromply Management Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Dromply Management Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Dromply Management Ltd

(Registration number: 13760921)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

554

Current assets

 

Debtors

5

1,353

-

Cash at bank and in hand

 

1,117

26,049

 

2,470

26,049

Creditors: Amounts falling due within one year

6

(12,524)

(20,088)

Net current (liabilities)/assets

 

(10,054)

5,961

Total assets less current liabilities

 

(10,054)

6,515

Provisions for liabilities

-

(105)

Net (liabilities)/assets

 

(10,054)

6,410

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(10,154)

6,310

Shareholders' (deficit)/funds

 

(10,054)

6,410

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

.........................................
S W Lein
Director

 

Dromply Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
83 Baker Street
London
W1U 6AG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dromply Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

50% - straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Dromply Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,108

1,108

At 30 November 2023

1,108

1,108

Depreciation

At 1 December 2022

554

554

Charge for the year

554

554

At 30 November 2023

1,108

1,108

Net book value

At 30 November 2023

-

-

At 30 November 2022

554

554

5

Debtors

Note

2023
£

2022
£

Income tax asset

1,353

-

 

1,353

-

6

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

11,084

Accruals and deferred income

2,040

2,005

Other creditors

10,484

6,999

12,524

20,088

 

Dromply Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

The company owes £50 (2022 - £50) to Impulse Sum Holding B.V. who owns the shares in Impulssum UK Limited.

Summary of transactions with other related parties

Simon Hofmann Consulting Ltd
 

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

6,948

6,948

Repaid

(6,948)

(6,948)

At end of period

-

-

2022

Other related parties
£

Total
£

Advanced

60,948

60,948

Repaid

(54,000)

(54,000)

At end of period

6,948

6,948