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REGISTERED NUMBER: 10355908 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Drainage Solutions (Jp) Limited

Drainage Solutions (Jp) Limited (Registered number: 10355908)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Drainage Solutions (Jp) Limited (Registered number: 10355908)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 58,536 79,927

CURRENT ASSETS
Debtors 5 44,421 26,891
Cash at bank 6,138 16,031
50,559 42,922
CREDITORS
Amounts falling due within one year 6 35,990 20,398
NET CURRENT ASSETS 14,569 22,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,105

102,451

CREDITORS
Amounts falling due after more than one year 7 56,518 71,598
NET ASSETS 16,587 30,853

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 16,582 30,848
SHAREHOLDERS' FUNDS 16,587 30,853

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 Solutions (Jp) Limited (Registered number: 10355908)

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 10 September 2024 and were signed by:





Mr. Jacob Peter Arnold - Director


Drainage Solutions (Jp) Limited (Registered number: 10355908)

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

1. STATUTORY INFORMATION

Drainage Solutions (Jp) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10355908

Registered office: 4 Broome Court, 12 Duncan Road
Burgh Heath
Tadworth
KT20 6DR

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

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.

Drainage Solutions (Jp) Limited (Registered number: 10355908)

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 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 52,507 93,202 2,603 148,312
Additions 9,538 - 600 10,138
At 31 March 2024 62,045 93,202 3,203 158,450
DEPRECIATION
At 1 April 2023 29,663 37,280 1,442 68,385
Charge for year 12,409 18,640 480 31,529
At 31 March 2024 42,072 55,920 1,922 99,914
NET BOOK VALUE
At 31 March 2024 19,973 37,282 1,281 58,536
At 31 March 2023 22,844 55,922 1,161 79,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 42,650 26,891
Other debtors 1,771 -
44,421 26,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 7,605 10,129
Trade creditors - 816
Taxation and social security 21,505 7,693
Other creditors 6,880 1,760
35,990 20,398

Drainage Solutions (Jp) Limited (Registered number: 10355908)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 34,851 39,931
56,518 71,598