Drenched Ltd 12961366 true 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is retail services Digita Accounts Production Advanced 6.30.9574.0 true S Hanson true 12961366 2022-11-01 2023-10-31 12961366 2023-10-31 12961366 core:RetainedEarningsAccumulatedLosses 2023-10-31 12961366 core:ShareCapital 2023-10-31 12961366 core:CurrentFinancialInstruments 2023-10-31 12961366 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12961366 bus:FRS102 2022-11-01 2023-10-31 12961366 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12961366 bus:FullAccounts 2022-11-01 2023-10-31 12961366 bus:RegisteredOffice 2022-11-01 2023-10-31 12961366 bus:Director1 2022-11-01 2023-10-31 12961366 bus:EntityNoLongerTradingButTradedInPast 2022-11-01 2023-10-31 12961366 bus:Consolidated 2022-11-01 2023-10-31 12961366 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12961366 countries:EnglandWales 2022-11-01 2023-10-31 12961366 2021-11-01 2022-10-31 12961366 2022-10-31 12961366 core:RetainedEarningsAccumulatedLosses 2022-10-31 12961366 core:ShareCapital 2022-10-31 12961366 core:CurrentFinancialInstruments 2022-10-31 12961366 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 12961366

Drenched Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Drenched Ltd

Profit and Loss Account for the Year Ended 31 October 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Drenched Ltd

(Registration number: 12961366)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

21

21

Creditors: Amounts falling due within one year

5

(13,885)

(13,885)

Net liabilities

 

(13,864)

(13,864)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(13,866)

(13,866)

Shareholders' deficit

 

(13,864)

(13,864)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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.

Approved and authorised by the director on 17 July 2024
 

.........................................
S Hanson
Director

 

Drenched Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
C/o The McCay Partnership
24 Capital Business Centre
22 Carlton Road
South Croydon
Surrey
CR2 0BS
England

These financial statements were authorised for issue by the director on 17 July 2024.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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.

 

Drenched Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Debtors

Current

2023
£

2022
£

 

-

-

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

21

21

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

12,085

12,085

Trade creditors

 

1,350

1,350

Accruals

 

450

450

 

13,885

13,885

 

Drenched Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Share capital

7

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

12,085

12,085

8

Staff numbers

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