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REGISTERED NUMBER: 13966615 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

DRURY SMITH GROUP LIMITED
TRADING AS
TARGET CO2

DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

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


DRURY SMITH GROUP LIMITED
TRADING AS TARGET CO2

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S P Drury
B D Smith





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 13966615 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 9,938 2
19,938 15,002

CURRENT ASSETS
Debtors 6 34,872 43,251
Cash at bank and in hand 57,783 28,521
92,655 71,772
CREDITORS
Amounts falling due within one year 7 (27,681 ) (33,688 )
NET CURRENT ASSETS 64,974 38,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,912

53,086

PROVISIONS FOR LIABILITIES (2,484 ) -
NET ASSETS 82,428 53,086

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,328 52,986
82,428 53,086

DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

Balance Sheet - continued
31 MARCH 2024


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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:




S P Drury - Director



B D Smith - Director


DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Drury Smith Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principal accounting policies adopted are set out below.

Turnover
Income is recognised upon completion of the work, thus income is adjusted to account for amounts recoverable on contract and deferred income accordingly.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of four years.

Goodwill has been acquired through the incorporation of a previous Limited Liability Partnership. It is therefore considered internally generated.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 5,000
Charge for year 5,000
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 15,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 1 1 2
Additions 9,570 - 732 10,302
Disposals - (1 ) - (1 )
At 31 March 2024 9,570 - 733 10,303
DEPRECIATION
Charge for year 319 - 46 365
At 31 March 2024 319 - 46 365
NET BOOK VALUE
At 31 March 2024 9,251 - 687 9,938
At 31 March 2023 - 1 1 2

DRURY SMITH GROUP LIMITED (REGISTERED NUMBER: 13966615)
TRADING AS TARGET CO2

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,461 1,744
Amounts recoverable on contracts 15,364 36,624
Other debtors 8,047 4,883
34,872 43,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 26,376 28,225
Other creditors 1,305 5,463
27,681 33,688

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,846 -
Between one and five years 29,083 -
In more than five years 9,360 -
51,289 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
S P Drury
Balance outstanding at start of year 1,904 -
Amounts advanced 35,525 15,470
Amounts repaid (33,250 ) (13,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,179 1,904

Interest is charged at the official rate and the loan is repayable on demand.