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REGISTERED NUMBER: 10312033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

K DRURY & SONS LTD

K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)






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


K DRURY & SONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: K D Drury
T E Drury





REGISTERED OFFICE: Foxhole Farm
Ticehurst Road
Hurst Green
TN19 7QT





REGISTERED NUMBER: 10312033 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 233,712 180,045

CURRENT ASSETS
Debtors 5 299,312 144,667
Cash at bank 155,109 209,641
454,421 354,308
CREDITORS
Amounts falling due within one year 6 331,473 362,820
NET CURRENT ASSETS/(LIABILITIES) 122,948 (8,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,660

171,533

CREDITORS
Amounts falling due after more than one
year

7

137,598

68,564
NET ASSETS 219,062 102,969

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 218,962 102,869
219,062 102,969

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.

K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





K D Drury - Director


K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

K Drury & Sons Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 864,322 2,110 3,263 869,695
Additions 234,914 - - 234,914
Disposals (50,100 ) - - (50,100 )
At 31 January 2024 1,049,136 2,110 3,263 1,054,509
DEPRECIATION
At 1 February 2023 684,800 2,110 2,740 689,650
Charge for year 141,848 - 262 142,110
Eliminated on disposal (10,963 ) - - (10,963 )
At 31 January 2024 815,685 2,110 3,002 820,797
NET BOOK VALUE
At 31 January 2024 233,451 - 261 233,712
At 31 January 2023 179,522 - 523 180,045

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 454,452
Additions 155,764
Disposals (37,850 )
At 31 January 2024 572,366
DEPRECIATION
At 1 February 2023 391,566
Charge for year 73,440
Eliminated on disposal (9,463 )
At 31 January 2024 455,543
NET BOOK VALUE
At 31 January 2024 116,823
At 31 January 2023 62,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,922 71,765
Other debtors 191,390 72,902
299,312 144,667

K DRURY & SONS LTD (REGISTERED NUMBER: 10312033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 51,167 39,898
Trade creditors 154,402 103,646
Taxation and social security 36,926 52,152
Other creditors 78,978 157,124
331,473 362,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,167 -
Hire purchase contracts 118,431 68,564
137,598 68,564

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:

2024 2023
£    £   
K D Drury
Balance outstanding at start of year 507 (7,471 )
Amounts advanced - 26,821
Amounts repaid (468 ) (18,843 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39 507

9. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed K Drury & Sons, a business in which the director K D Drury is proprietor, amounting to £62,823 (2023- £155,0980).

10. ULTIMATE CONTROLLING PARTY

Mrs J Drury by virtue of shareholding.