2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,781 2,631 287 2,918 863 1,150 xbrli:pure xbrli:shares iso4217:GBP 07237215 2023-05-01 2024-04-30 07237215 2024-04-30 07237215 2023-04-30 07237215 2022-05-01 2023-04-30 07237215 2023-04-30 07237215 2022-04-30 07237215 bus:Director1 2023-05-01 2024-04-30 07237215 core:WithinOneYear 2024-04-30 07237215 core:WithinOneYear 2023-04-30 07237215 core:ShareCapital 2024-04-30 07237215 core:ShareCapital 2023-04-30 07237215 core:RetainedEarningsAccumulatedLosses 2024-04-30 07237215 core:RetainedEarningsAccumulatedLosses 2023-04-30 07237215 bus:SmallEntities 2023-05-01 2024-04-30 07237215 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07237215 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07237215 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07237215 bus:FullAccounts 2023-05-01 2024-04-30 07237215 core:OfficeEquipment 2023-05-01 2024-04-30 07237215 core:OfficeEquipment 2024-04-30 07237215 core:OfficeEquipment 2023-04-30 07237215 core:KeyManagementPersonnel 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 07237215
Drury Logistics Limited
Filleted Unaudited Financial Statements
30 April 2024
Drury Logistics Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Drury Logistics Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
863
1,150
Current assets
Debtors
6
388
660
Cash at bank and in hand
23,710
20,128
--------
--------
24,098
20,788
Creditors: amounts falling due within one year
7
18,675
20,131
--------
--------
Net current assets
5,423
657
-------
-------
Total assets less current liabilities
6,286
1,807
-------
-------
Net assets
6,286
1,807
-------
-------
Capital and reserves
Called up share capital
10
10
Profit and loss account
6,276
1,797
-------
-------
Shareholders funds
6,286
1,807
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Drury Logistics Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr A Drury
Director
Company registration number: 07237215
Drury Logistics Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, Kent.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment - 25% reducing balance
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Office Equipment
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
3,781
3,781
-------
-------
Depreciation
At 1 May 2023
2,631
2,631
Charge for the year
287
287
-------
-------
At 30 April 2024
2,918
2,918
-------
-------
Carrying amount
At 30 April 2024
863
863
-------
-------
At 30 April 2023
1,150
1,150
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
388
660
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
307
Corporation tax
2,205
Social security and other taxes
2,579
1,920
Other creditors
13,891
17,904
--------
--------
18,675
20,131
--------
--------
8. Related party transactions
At the end of the year, the company owed the director £12,661 (2023: £16,674).