Company Registration No. 04603503 (England and Wales)
Draw Worldwide Limited
Unaudited accounts
for the year ended 31 October 2023
Draw Worldwide Limited
Unaudited accounts
Contents
Draw Worldwide Limited
Company Information
for the year ended 31 October 2023
Directors
W H Wingfield Digby
G J Ashton Jones
Secretary
W H Wingfield Digby
Company Number
04603503 (England and Wales)
Registered Office
1-2 West Park Barn
Coos Lane
Handcross
West Sussex
RH17 6AD
Accountants
Richard Matthew Accountancy Ltd
Milner
Cowfold Road
Coolham
West Sussex
RH13 8QJ
Draw Worldwide Limited
Statement of financial position
as at 31 October 2023
Tangible assets
4,033
6,045
Inventories
100,336
116,456
Cash at bank and in hand
73,501
65,556
Creditors: amounts falling due within one year
(98,132)
(79,932)
Net current assets
190,735
232,596
Total assets less current liabilities
195,768
239,641
Creditors: amounts falling due after more than one year
(25,176)
(39,778)
Net assets
170,592
199,863
Called up share capital
231
231
Share premium
80,273
80,273
Profit and loss account
90,088
119,359
Shareholders' funds
170,592
199,863
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 directors acknowledge their 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 of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
G J Ashton Jones
Director
Company Registration No. 04603503
Draw Worldwide Limited
Notes to the Accounts
for the year ended 31 October 2023
Draw Worldwide Limited is a private company, limited by shares, registered in England and Wales, registration number 04603503. The registered office is 1-2 West Park Barn, Coos Lane, Handcross, West Sussex, RH17 6AD.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Other tangible fixed assets
Evenly over 4 years
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other
Draw Worldwide Limited
Notes to the Accounts
for the year ended 31 October 2023
5
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
20,775
6,000
8,271
12,860
47,906
At 31 October 2023
20,775
6,000
8,271
12,860
47,906
At 1 November 2022
19,840
4,577
6,561
10,883
41,861
Charge for the year
234
355
435
988
2,012
At 31 October 2023
20,074
4,932
6,996
11,871
43,873
At 31 October 2023
701
1,068
1,275
989
4,033
At 31 October 2022
935
1,423
1,710
1,977
6,045
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Investments
Subsidiary undertakings
Valuation at 1 November 2022
1,000
Valuation at 31 October 2023
1,000
1000 ordinary £1 shares held in TEAPEAS Limited
Amounts falling due within one year
Trade debtors
77,335
89,521
Other debtors
37,695
40,995
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
26,045
30,680
Taxes and social security
30,591
19,482
Loans from directors
14,091
11,509
9
Creditors: amounts falling due after more than one year
2023
2022
Santander UK PLC hold a fixed and floating charge dated 09/06/20 over all the property or undertakings of the company.
Draw Worldwide Limited
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
231 Ordinary shares of £1 each
231
231
11
Transactions with related parties
At 31 October 2022, the company was owed £37,695 by Discipulus Limited. W H Wingfield Digby and G J Ashton Jones are directors and equal shareholders in Discipulus Limited.
12
Average number of employees
During the year the average number of employees was 7 (2022: 6).