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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
Page
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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
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Draw Worldwide Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,033 
6,045 
Investments
1,000 
1,000 
5,033 
7,045 
Current assets
Inventories
100,336 
116,456 
Debtors
115,030 
130,516 
Cash at bank and in hand
73,501 
65,556 
288,867 
312,528 
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 
Capital and reserves
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
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Draw Worldwide Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 
£ 
Cost
At 1 November 2022
1,854 
At 31 October 2023
1,854 
Amortisation
At 1 November 2022
1,854 
At 31 October 2023
1,854 
Net book value
At 31 October 2023
- 
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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 
Depreciation
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 
Net book value
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 
6
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
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
77,335 
89,521 
Other debtors
37,695 
40,995 
115,030 
130,516 
8
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 
Accruals
27,405 
18,261 
98,132 
79,932 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,176 
39,778 
Santander UK PLC hold a fixed and floating charge dated 09/06/20 over all the property or undertakings of the company.
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Draw Worldwide Limited Notes to the Accounts for the year ended 31 October 2023
10
Share capital
2023 
2022 
£ 
£ 
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).
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