Registered number
12318909
Drone Site Surveys Ltd
Unaudited Filleted Accounts
31 January 2024
Drone Site Surveys Ltd
Registered number: 12318909
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,417 38,758
Current assets
Debtors 4 60,747 40,500
Cash at bank and in hand 15,303 1,773
76,050 42,273
Creditors: amounts falling due within one year 5 (60,357) (27,940)
Net current assets 15,693 14,333
Total assets less current liabilities 50,110 53,091
Creditors: amounts falling due after more than one year 6 (16,739) (25,383)
Net assets 33,371 27,708
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,271 27,608
Shareholders' funds 33,371 27,708
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.
Anthony Carter
Director
Approved by the board on 3 September 2024
Drone Site Surveys Ltd
Notes to the Accounts
for the year ended 31 January 2024
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 20% Reducing balance
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 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 38,016 19,400 57,416
Additions 7,958 - 7,958
At 31 January 2024 45,974 19,400 65,374
Depreciation
At 1 February 2023 14,778 3,880 18,658
Charge for the year 9,195 3,104 12,299
At 31 January 2024 23,973 6,984 30,957
Net book value
At 31 January 2024 22,001 12,416 34,417
At 31 January 2023 23,238 15,520 38,758
4 Debtors 2024 2023
£ £
Trade debtors 60,607 39,900
Other debtors 140 600
60,747 40,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,907 9,907
Taxation and social security costs 48,948 15,415
Other creditors 1,502 2,618
60,357 27,940
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,739 25,383
7 Other information
Drone Site Surveys Ltd is a private company limited by shares and incorporated in England. Its registered office is:
131 Mount Pleasant
Liverpool
Merseyside
L3 5TF
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