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REGISTERED NUMBER: 13651637 (England and Wales)

















Torrent Drainage Services Limited

Financial Statements

for the Year Ended 31 January 2024






Torrent Drainage Services Limited (Registered number: 13651637)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Torrent Drainage Services Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: G D Sanders
Mrs L A Sanders





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 13651637 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Torrent Drainage Services Limited (Registered number: 13651637)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,147 92,360

CURRENT ASSETS
Debtors 5 57,271 54,905
Cash at bank and in hand 13,810 34,707
71,081 89,612
CREDITORS
Amounts falling due within one year 6 130,956 151,436
NET CURRENT LIABILITIES (59,875 ) (61,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,272

30,536

PROVISIONS FOR LIABILITIES 13,996 11,715
NET ASSETS 22,276 18,821

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,176 18,721
22,276 18,821

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.

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 21 October 2024 and were signed on its behalf by:





G D Sanders - Director


Torrent Drainage Services Limited (Registered number: 13651637)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Torrent Drainage Services 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 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.

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.

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.

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 4 (2023 - 4 ) .

Torrent Drainage Services Limited (Registered number: 13651637)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 35,492 85,288 120,780
Additions 16,705 12,900 29,605
At 31 January 2024 52,197 98,188 150,385
DEPRECIATION
At 1 February 2023 7,098 21,322 28,420
Charge for year 9,020 16,798 25,818
At 31 January 2024 16,118 38,120 54,238
NET BOOK VALUE
At 31 January 2024 36,079 60,068 96,147
At 31 January 2023 28,394 63,966 92,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,546 49,608
Other debtors 6,300 2,500
Prepayments and accrued income 2,425 2,797
57,271 54,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,256 1,004
UK corporation tax 17,022 13,182
Tax and social security costs 9,177 13,793
Other creditors 859 240
Directors' current accounts 92,901 122,486
Accruals and deferred income 741 731
130,956 151,436

7. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company has future operating lease commitments totalling £22,500.