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REGISTERED NUMBER: 01489562 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

R DRAPER LIMITED

R DRAPER LIMITED (REGISTERED NUMBER: 01489562)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R DRAPER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr A Draper
Mrs K Draper
Mr I B Riley





SECRETARY: Mr A Draper





REGISTERED OFFICE: 12 Barrow Nook Lane
Bickerstaffe
Ormskirk
Lancashire
L39 0ET





REGISTERED NUMBER: 01489562 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

R DRAPER LIMITED (REGISTERED NUMBER: 01489562)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,452,620 2,432,564

CURRENT ASSETS
Stocks 474,705 809,500
Debtors 854,493 611,417
Cash at bank and in hand 462,109 292,713
1,791,307 1,713,630
CREDITORS
Amounts falling due within one year (612,943 ) (501,898 )
NET CURRENT ASSETS 1,178,364 1,211,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,630,984

3,644,296

CREDITORS
Amounts falling due after more than one year (863,574 ) (923,509 )

PROVISIONS FOR LIABILITIES (189,400 ) (247,600 )
NET ASSETS 2,578,010 2,473,187

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Other reserves 45,803 45,803
Retained earnings 2,527,207 2,422,384
SHAREHOLDERS' FUNDS 2,578,010 2,473,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

R DRAPER LIMITED (REGISTERED NUMBER: 01489562)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 October 2024 and were signed on its behalf by:





Mr A Draper - Director


R DRAPER LIMITED (REGISTERED NUMBER: 01489562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

R 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.
Buildings and leasehold improvements - 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Plant and motor vehicles - 20% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell.

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 that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investment properties
In accordance with Statement of Standard Accounting Practice No.19, the company's property is held for long-term investment and is included in the Balance Sheet at cost. Depreciation is not provided in respect of freehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

R DRAPER LIMITED (REGISTERED NUMBER: 01489562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 5,036,750
Additions 225,481
Disposals (211,596 )
At 30 April 2024 5,050,635
DEPRECIATION
At 1 May 2023 2,604,186
Charge for year 188,528
Eliminated on disposal (194,699 )
At 30 April 2024 2,598,015
NET BOOK VALUE
At 30 April 2024 2,452,620
At 30 April 2023 2,432,564

In the opinion of the directors, the value of the freehold investment property has not changed substantially from its original cost.



5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 641,779 657,092
Hire purchase contracts 387,026 556,446
1,028,805 1,213,538

The bank loans are secured on the property at The Junction, 102 News Lane, Rainford, Merseyside. The hire purchase contracts are secured on the assets to which they relate.