2023-06-01 2024-05-31 false Capium Accounts Production 1.1 11367899 bus:FullAccounts 2023-06-01 2024-05-31 11367899 bus:FRS102 2023-06-01 2024-05-31 11367899 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11367899 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11367899 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11367899 2023-06-01 2024-05-31 11367899 2024-05-31 11367899 bus:RegisteredOffice 2023-06-01 2024-05-31 11367899 core:WithinOneYear 2024-05-31 11367899 core:AfterOneYear 2024-05-31 11367899 bus:Director1 2023-06-01 2024-05-31 11367899 bus:Director1 2024-05-31 11367899 bus:Director1 2022-06-01 2023-05-31 11367899 bus:Director2 2023-06-01 2024-05-31 11367899 bus:Director2 2024-05-31 11367899 bus:Director2 2022-06-01 2023-05-31 11367899 2022-06-01 11367899 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 11367899 2022-06-01 2023-05-31 11367899 2023-05-31 11367899 core:WithinOneYear 2023-05-31 11367899 core:AfterOneYear 2023-05-31 11367899 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 11367899 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11367899 bus:OrdinaryShareClass1 2024-05-31 11367899 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 11367899 bus:OrdinaryShareClass1 2023-05-31 11367899 core:MotorCars 2023-06-01 2024-05-31 11367899 core:MotorCars 2024-05-31 11367899 core:MotorCars 2023-05-31 11367899 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 11367899 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 11367899 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 11367899 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 11367899 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 11367899 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11367899 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11367899 core:Non-currentFinancialInstruments 2024-05-31 11367899 core:Non-currentFinancialInstruments 2023-05-31 11367899 core:ShareCapital 2024-05-31 11367899 core:ShareCapital 2023-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2024-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2023-05-31 11367899 core:ShareCapitalOrdinaryShares 2023-06-01 11367899 core:ShareCapitalOrdinaryShares 2022-06-01 11367899 core:ShareCapitalOrdinaryShares 2023-06-01 2024-05-31 11367899 core:ShareCapitalOrdinaryShares 2022-06-01 2023-05-31 11367899 core:ShareCapitalOrdinaryShares 2024-05-31 11367899 core:ShareCapitalOrdinaryShares 2023-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2023-06-01 11367899 core:RetainedEarningsAccumulatedLosses 2022-06-01 11367899 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2024-05-31 11367899 core:RetainedEarningsAccumulatedLosses 2023-05-31 11367899 dpl:Item1 2023-06-01 11367899 dpl:Item1 2024-05-31 11367899 dpl:Item1 2022-06-01 11367899 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11367899
England and Wales

 

 

 

DRIP PLUMBING LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Directors David Richard Paull
Genevieve Gracie Marguerite Paull
Registered Number 11367899
Registered Office 6 Packham Close
Orpington
Kent
BR6 9SE
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 May 2024.
The company ceased trading at the year end.
Principal activities
The principal activity of the company during the financial year was of plumbing and associated services.
Directors
The directors who served the company throughout the year were as follows:
David Richard Paull
Genevieve Gracie Marguerite Paull
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Genevieve Gracie Marguerite Paull
Director

Date approved: 19 September 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of Drip Plumbing Ltd for the year ended 31 May 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Drip Plumbing Ltd for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Drip Plumbing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Drip Plumbing Ltd and state those matters that we have agreed to state to the Board of Directors of Drip Plumbing Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drip Plumbing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Drip Plumbing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Drip Plumbing Ltd.You consider that Drip Plumbing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Drip Plumbing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 May 2024.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
19 September 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 5   7,745 
  7,745 
Current assets      
Debtors 6 12,540    17,211 
Cash at bank and in hand 116    391 
12,656    17,602 
Creditors: amount falling due within one year 7 (9,955)   (17,371)
Net current assets 2,701    231 
 
Total assets less current liabilities 2,701    7,976 
Creditors: amount falling due after more than one year 8   (1,430)
Net assets 2,701    6,546 
 

Capital and reserves
     
Called up share capital 9 2    2 
Profit and loss account 2,699    6,544 
Shareholders' funds 2,701    6,546 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 19 September 2024 and were signed on its behalf by:


-------------------------------
David Richard Paull
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 June 2022 2  13,378  13,380 
Profit for the year 44,166  44,166 
Total comprehensive income for the year 44,166  44,166 
Dividends (51,000) (51,000)
Total investments by and distributions to owners (51,000) (51,000)
At 31 May 2023 2  6,544  6,546 
At 01 June 2023 2  6,544  6,546 
Profit for the year 28,655  28,655 
Total comprehensive income for the year 28,655  28,655 
Dividends (32,500) (32,500)
Total investments by and distributions to owners (32,500) (32,500)
At 31 May 2024 2  2,699  2,701 
5
General Information
Drip Plumbing Ltd is a private company, limited by shares, registered in England and Wales, registration number 11367899, registration address 6 Packham Close, Orpington, Kent, BR6 9SE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Remuneration 10,475    9,645 
10,475    9,645 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 10,475    9,645 
Social security costs 399   
Other staff costs 40    89 
10,914    9,734 

4.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
5.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 June 2023 25,677    25,677 
Additions 34,256    34,256 
Disposals (59,933)   (59,933)
At 31 May 2024  
Depreciation
At 01 June 2023 17,932    17,932 
Charge for year 5,256    5,256 
On disposals (23,188)   (23,188)
At 31 May 2024  
Net book values
Closing balance as at 31 May 2024  
Opening balance as at 01 June 2023 7,745    7,745 


6.

Debtors: amounts falling due within one year

2024
£
  2023
£
CIS Debtor 12,540    17,211 
12,540    17,211 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 8,538    11,266 
PAYE & Social Security   80 
Other Creditors 1,340    1,560 
Obligations under HP/Financial Leases   4,289 
Directors Current Account 77    176 
9,955    17,371 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Obligations Under HP/Financial Leases   1,430 
  1,430 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £1.00 each  
 

6