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REGISTERED NUMBER: 04617988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dryden Limited

Dryden Limited (Registered number: 04617988)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dryden Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S A Jennings
G J Jennings





REGISTERED OFFICE: Unit 1 1622 Bristol Road South
Rednal
Birmingham
B45 9TY





REGISTERED NUMBER: 04617988 (England and Wales)





ACCOUNTANTS: LR Business Services Limited
Old Orchard
Crown East Lane
Lower Broadheath
Worcester
Worcestershire
WR2 6RH

Dryden Limited (Registered number: 04617988)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,541 132,240

CURRENT ASSETS
Stocks 5 122,249 111,618
Debtors 6 246,901 154,473
Cash at bank and in hand 93,535 168,566
462,685 434,657
CREDITORS
Amounts falling due within one year 7 160,952 140,634
NET CURRENT ASSETS 301,733 294,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,274

426,263

CREDITORS
Amounts falling due after more than
one year

8

(3,227

)

(7,422

)

PROVISIONS FOR LIABILITIES 9 (24,971 ) (24,630 )
NET ASSETS 431,076 394,211

CAPITAL AND RESERVES
Called up share capital 10 2,500 2,500
Retained earnings 11 428,576 391,711
SHAREHOLDERS' FUNDS 431,076 394,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Dryden Limited (Registered number: 04617988)

Balance Sheet - continued
31 March 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 1 November 2024 and were signed on its behalf by:





G J Jennings - Director


Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dryden 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
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.

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 13 (2023 - 13 ) .

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 - 117,622 366,881
Additions 23,898 1,309 27,315
Disposals - - (1,850 )
Reclassification/transfer - - -
At 31 March 2024 23,898 118,931 392,346
DEPRECIATION
At 1 April 2023 - 114,411 251,016
Charge for year - 487 21,413
Eliminated on disposal - - (1,470 )
Reclassification/transfer - - -
At 31 March 2024 - 114,898 270,959
NET BOOK VALUE
At 31 March 2024 23,898 4,033 121,387
At 31 March 2023 - 3,211 115,865

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 43,193 74,287 601,983
Additions - - 52,522
Disposals - - (1,850 )
Reclassification/transfer (1,302 ) - (1,302 )
At 31 March 2024 41,891 74,287 651,353
DEPRECIATION
At 1 April 2023 33,156 71,160 469,743
Charge for year 2,265 1,699 25,864
Eliminated on disposal - - (1,470 )
Reclassification/transfer (325 ) - (325 )
At 31 March 2024 35,096 72,859 493,812
NET BOOK VALUE
At 31 March 2024 6,795 1,428 157,541
At 31 March 2023 10,037 3,127 132,240

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 23,898 (2023 - £ 0 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 18,490
DEPRECIATION
At 1 April 2023 5,131
Charge for year 2,004
At 31 March 2024 7,135
NET BOOK VALUE
At 31 March 2024 11,355
At 31 March 2023 13,359

5. STOCKS
31.3.24 31.3.23
£    £   
Stock 122,249 111,618

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 67,338 79,138
Amounts due under contract 1,600 1,200
Amounts owed by participating interests 15,000 50,000
Directors' current accounts 5,607 1,827
Prepayments & accrued income 31,556 22,308
121,101 154,473

Amounts falling due after more than one year:
Amounts owed by participating interests 125,800 -

Aggregate amounts 246,901 154,473

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,167 3,167
Hire purchase contracts 3,873 3,873
Trade creditors 70,874 66,257
Corporation tax 20,930 13,293
Social security and other taxes 15,940 14,637
VAT 36,621 31,573
Directors' current accounts - 45
Accrued expenses 10,547 7,789
160,952 140,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,227 7,422

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 24,971 24,630

Deferred
tax
£   
Balance at 1 April 2023 24,630
Charge to Income Statement during year 341
Balance at 31 March 2024 24,971

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,500 Ordinary 'A' £1 2,500 2,500

Dryden Limited (Registered number: 04617988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 391,711
Profit for the year 64,865
Dividends (28,000 )
At 31 March 2024 428,576

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G J Jennings
Balance outstanding at start of year 1,827 1,737
Amounts advanced 10,305 2,590
Amounts repaid (9,450 ) (2,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,682 1,827

Mrs S A Jennings
Balance outstanding at start of year (45 ) 2,204
Amounts advanced 12,421 251
Amounts repaid (9,450 ) (2,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,926 (45 )