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REGISTERED NUMBER: 09018736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Drummond Corporations Ltd

Drummond Corporations Ltd (Registered number: 09018736)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drummond Corporations Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P Drummond
Mrs A Drummond





REGISTERED OFFICE: 32 Higher Bridge Street
Bolton
Lancashire
BL1 2HA





REGISTERED NUMBER: 09018736 (England and Wales)






Drummond Corporations Ltd (Registered number: 09018736)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,930 10,555

CURRENT ASSETS
Stocks 771,256 596,324
Cash at bank 71,403 35,284
842,659 631,608
CREDITORS
Amounts falling due within one year 5 404,390 207,523
NET CURRENT ASSETS 438,269 424,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,199

434,640

CREDITORS
Amounts falling due after more than one
year

6

101,807

210,747
NET ASSETS 345,392 223,893

CAPITAL AND RESERVES
Called up share capital 7 200 1
Retained earnings 345,192 223,892
SHAREHOLDERS' FUNDS 345,392 223,893

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 directors acknowledge their 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.

Drummond Corporations Ltd (Registered number: 09018736)

Balance Sheet - 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr P Drummond - Director


Drummond Corporations Ltd (Registered number: 09018736)

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

1. STATUTORY INFORMATION

Drummond Corporations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

Drummond Corporations Ltd (Registered number: 09018736)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,471 2,750 23,221
DEPRECIATION
At 1 April 2023 10,331 2,335 12,666
Charge for year 1,521 104 1,625
At 31 March 2024 11,852 2,439 14,291
NET BOOK VALUE
At 31 March 2024 8,619 311 8,930
At 31 March 2023 10,140 415 10,555

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 148,666 148,666
Taxation and social security 77,540 54,420
Other creditors 178,184 4,437
404,390 207,523

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 101,807 210,747

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 1
100 A Ordinary £1 100 -
200 1

The following shares were allotted and fully paid for cash at par during the year:

99 Ordinary shares of £1 each
100 A Ordinary shares of £1 each

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Drummond.