Company Registration No. 05159286 (England and Wales)
Independent Drainage Limited
Unaudited accounts
for the year ended 31 October 2023
Independent Drainage Limited
Unaudited accounts
Contents
Independent Drainage Limited
Company Information
for the year ended 31 October 2023
Company Number
05159286 (England and Wales)
Registered Office
Unit 19K Henbury Farm, Dorchester Road
Sturminster Marshall
Wimborne
Dorset
BH21 3RN
England
Accountants
Autumn Accounts Ltd
Broadview
Uppington, Hinton Martel
Wimborne
Dorset
BH21 7HA
Independent Drainage Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
9,835
61,038
Creditors: amounts falling due within one year
(93,284)
(87,395)
Net current (liabilities)/assets
(61,416)
965
Total assets less current liabilities
(61,416)
42,777
Provisions for liabilities
Net (liabilities)/assets
(61,416)
34,832
Called up share capital
100
100
Profit and loss account
(61,516)
34,732
Shareholders' funds
(61,416)
34,832
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2024 and were signed on its behalf by
Dameon Brunn
Director
Company Registration No. 05159286
Independent Drainage Limited
Notes to the Accounts
for the year ended 31 October 2023
Independent Drainage Limited is a private company, limited by shares, registered in England and Wales, registration number 05159286. The registered office is Unit 19K Henbury Farm, Dorchester Road, Sturminster Marshall, Wimborne, Dorset, BH21 3RN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
Independent Drainage Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
54,061
88,049
8,904
13,824
164,838
Additions
-
(88,049)
(8,904)
(13,824)
(110,777)
Disposals
(54,061)
-
-
-
(54,061)
At 31 October 2023
-
-
-
-
-
At 1 November 2022
45,389
56,374
7,439
13,824
123,026
Charge for the year
1,300
7,918
220
-
9,438
On disposals
(46,689)
(64,292)
(7,659)
(13,824)
(132,464)
At 31 October 2023
-
-
-
-
-
At 31 October 2023
-
-
-
-
-
At 31 October 2022
8,672
31,675
1,465
-
41,812
Amounts falling due within one year
Trade debtors
17,665
20,511
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,391
15,166
Taxes and social security
73,363
49,961
Other creditors
6,530
22,268
7
Deferred taxation
2023
2022
Accelerated capital allowances
-
7,945
Provision at start of year
7,945
7,945
Credited to the profit and loss account
(7,945)
-
Provision at end of year
-
7,945
Independent Drainage Limited
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).