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REGISTERED NUMBER: 00557899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

J.E.Draper Limited

J.E.Draper Limited (Registered number: 00557899)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

J.E.Draper Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs K M Draper
C R Draper





SECRETARY: C R Draper





REGISTERED OFFICE: 23 Lumley Road
Skegness
Lincolnshire
PE25 3LN





REGISTERED NUMBER: 00557899 (England and Wales)





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

J.E.Draper Limited (Registered number: 00557899)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,425 43,660

CURRENT ASSETS
Stocks 130,000 125,022
Debtors 5 57,727 60,631
Cash at bank and in hand 1,123 1,122
188,850 186,775
CREDITORS
Amounts falling due within one year 6 214,924 204,958
NET CURRENT LIABILITIES (26,074 ) (18,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,351

25,477

PROVISIONS FOR LIABILITIES 3,343 4,962
NET ASSETS 12,008 20,515

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings (2,992 ) 5,515
SHAREHOLDERS' FUNDS 12,008 20,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

J.E.Draper Limited (Registered number: 00557899)

Balance Sheet - continued
31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by:




C R Draper - Director



Mrs K M Draper - Director


J.E.Draper Limited (Registered number: 00557899)

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

1. STATUTORY INFORMATION

J.E.Draper Limited 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.
Improvements to property - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 9 (2023 - 10 ) .

J.E.Draper Limited (Registered number: 00557899)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2023 61,885 23,751 148,991 234,627
Additions - 2,323 - 2,323
At 31 January 2024 61,885 26,074 148,991 236,950
DEPRECIATION
At 1 February 2023 47,635 19,341 123,991 190,967
Charge for year 712 1,346 2,500 4,558
At 31 January 2024 48,347 20,687 126,491 195,525
NET BOOK VALUE
At 31 January 2024 13,538 5,387 22,500 41,425
At 31 January 2023 14,250 4,410 25,000 43,660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,436 3,000
Other debtors 36,110 42,490
S455 Tax recoverable 14,941 14,941
Prepayments 240 200
57,727 60,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 173,762 172,700
Trade creditors 18,275 19,356
Tax 2 157
Social security and other taxes 12,356 9,445
Accrued expenses 10,529 3,300
214,924 204,958

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 173,762 172,700

J.E.Draper Limited (Registered number: 00557899)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
C R Draper
Balance outstanding at start of year 42,490 32,669
Amounts advanced - 65,029
Amounts repaid (6,381 ) (55,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,109 42,490

9. RELATED PARTY DISCLOSURES

Mr. C.R Draper


During the year, the company paid rent of £ Nil (2023 : £16,000) on a property in which C .R . Draper has a 50% interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J.E.Draper Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.E.Draper Limited for the year ended 31 January 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.E.Draper Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.E.Draper Limited and state those matters that we have agreed to state to the Board of Directors of J.E.Draper Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.E.Draper Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.E.Draper Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.E.Draper Limited. You consider that J.E.Draper Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.E.Draper Limited. 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 statutory financial statements.






INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW


18 June 2024