Drewberry Limited 06675912 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is other activities auxiliary to insurance and pension funding. Digita Accounts Production Advanced 6.30.9574.0 true 06675912 2023-04-01 2024-03-31 06675912 2024-03-31 06675912 core:CurrentFinancialInstruments 2024-03-31 06675912 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06675912 core:BetweenTwoFiveYears 2024-03-31 06675912 core:WithinOneYear 2024-03-31 06675912 core:FurnitureFittingsToolsEquipment 2024-03-31 06675912 core:LandBuildings 2024-03-31 06675912 core:OtherPropertyPlantEquipment 2024-03-31 06675912 bus:SmallEntities 2023-04-01 2024-03-31 06675912 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06675912 bus:FullAccounts 2023-04-01 2024-03-31 06675912 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06675912 bus:RegisteredOffice 2023-04-01 2024-03-31 06675912 bus:Director1 2023-04-01 2024-03-31 06675912 bus:Director2 2023-04-01 2024-03-31 06675912 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06675912 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06675912 core:LandBuildings 2023-04-01 2024-03-31 06675912 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06675912 core:PlantMachinery 2023-04-01 2024-03-31 06675912 countries:England 2023-04-01 2024-03-31 06675912 2023-03-31 06675912 core:FurnitureFittingsToolsEquipment 2023-03-31 06675912 core:LandBuildings 2023-03-31 06675912 core:OtherPropertyPlantEquipment 2023-03-31 06675912 2022-04-01 2023-03-31 06675912 2023-03-31 06675912 core:CurrentFinancialInstruments 2023-03-31 06675912 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06675912 core:BetweenTwoFiveYears 2023-03-31 06675912 core:WithinOneYear 2023-03-31 06675912 core:FurnitureFittingsToolsEquipment 2023-03-31 06675912 core:LandBuildings 2023-03-31 06675912 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06675912

Drewberry Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Drewberry Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Drewberry Limited

Company Information

Directors

Mr A Jenkinson

Mr T S R Conner

Registered office

Telecom House
125-135 Preston Road
Brighton
BN1 6AF

 

Drewberry Limited

(Registration number: 06675912)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

17,667

20,900

Current assets

 

Debtors

5

331,239

238,765

Cash at bank and in hand

 

832,133

728,321

 

1,163,372

967,086

Creditors: Amounts falling due within one year

6

(312,535)

(189,301)

Net current assets

 

850,837

777,785

Total assets less current liabilities

 

868,504

798,685

Provisions for liabilities

(3,357)

(3,794)

Net assets

 

865,147

794,891

Capital and reserves

 

Called up share capital

143

143

Retained earnings

865,004

794,748

Shareholders' funds

 

865,147

794,891

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mr A Jenkinson
Director

 

Drewberry Limited

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

1

General information

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

The address of its registered office is:
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
England

2

Accounting policies

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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

Fixtures and Fittings

33% straight rate

Plant and machinery

33% straight rate

 

Drewberry Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.


Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

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.


Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2023 - 34).

 

Drewberry Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

21,048

13,845

36,706

71,599

Additions

-

533

8,430

8,963

Disposals

-

(13,845)

(4,388)

(18,233)

At 31 March 2024

21,048

533

40,748

62,329

Depreciation

At 1 April 2023

21,048

13,845

15,806

50,699

Charge for the year

-

55

12,141

12,196

Eliminated on disposal

-

(13,845)

(4,388)

(18,233)

At 31 March 2024

21,048

55

23,559

44,662

Carrying amount

At 31 March 2024

-

478

17,189

17,667

At 31 March 2023

-

-

20,900

20,900

5

Debtors

Current

2024
£

2023
£

Trade debtors

291,126

184,338

Prepayments

26,828

37,811

Other debtors

13,285

16,616

 

331,239

238,765

 

Drewberry Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7,087

7,087

Trade creditors

 

5,345

12,636

Taxation and social security

 

129,205

52,868

Accruals and deferred income

 

58,265

37,727

Other creditors

 

112,633

78,983

 

312,535

189,301

7

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

9,063

-

Later than one year and not later than five years

24,168

-

33,231

-

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary A of £1 each

43

43

43

43

 

143

143

143

143

 

9

Control

The controlling party is Mr A Jenkinson.

The ultimate controlling party is Mr A Jenkinson.