IRIS Accounts Production v24.3.0.553 01017131 Board of Directors 1.4.23 31.3.24 31.3.24 15.11.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010171312023-03-31010171312024-03-31010171312023-04-012024-03-31010171312022-03-31010171312022-04-012023-03-31010171312023-03-3101017131ns15:EnglandWales2023-04-012024-03-3101017131ns14:PoundSterling2023-04-012024-03-3101017131ns10:Director12023-04-012024-03-3101017131ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101017131ns10:SmallEntities2023-04-012024-03-3101017131ns10:Audited2023-04-012024-03-3101017131ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101017131ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101017131ns10:FullAccounts2023-04-012024-03-3101017131ns10:Director22023-04-012024-03-3101017131ns10:Director32023-04-012024-03-3101017131ns10:RegisteredOffice2023-04-012024-03-3101017131ns5:CurrentFinancialInstruments2024-03-3101017131ns5:CurrentFinancialInstruments2023-03-3101017131ns5:ShareCapital2024-03-3101017131ns5:ShareCapital2023-03-3101017131ns5:RetainedEarningsAccumulatedLosses2024-03-3101017131ns5:RetainedEarningsAccumulatedLosses2023-03-3101017131ns5:PlantMachinery2023-03-3101017131ns5:MotorVehicles2023-03-3101017131ns5:PlantMachinery2023-04-012024-03-3101017131ns5:MotorVehicles2023-04-012024-03-3101017131ns5:PlantMachinery2024-03-3101017131ns5:MotorVehicles2024-03-3101017131ns5:PlantMachinery2023-03-3101017131ns5:MotorVehicles2023-03-3101017131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101017131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101017131ns5:DeferredTaxation2023-03-3101017131ns5:DeferredTaxation2023-04-012024-03-3101017131ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 01017131 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

Drainscan Limited

Drainscan Limited (Registered number: 01017131)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Drainscan Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Barge
S A Barge
N P Hunt





REGISTERED OFFICE: Elizabeth House
Wigman Road
Bilborough
Nottingham
NG8 3HY





REGISTERED NUMBER: 01017131 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Drainscan Limited (Registered number: 01017131)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,949 96,111

CURRENT ASSETS
Debtors 5 61,654 52,648
Cash at bank 150,225 73,093
211,879 125,741
CREDITORS
Amounts falling due within one year 6 72,720 47,799
NET CURRENT ASSETS 139,159 77,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,108

174,053

PROVISIONS FOR LIABILITIES 7 15,987 24,028
NET ASSETS 187,121 150,025

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 167,121 130,025
SHAREHOLDERS' FUNDS 187,121 150,025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A Barge - Director


Drainscan Limited (Registered number: 01017131)

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

1. STATUTORY INFORMATION

Drainscan 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. Turnover relating to the provision of services is accounted for in the year in which the services are provided.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery- 15% reducing balance
Motor vehicles- 25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Deferred tax
Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred on a straight line basis over the period of the lease.

Drainscan Limited (Registered number: 01017131)

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Related parties
The company is a wholly owned subsidiary undertaking of NIC Group Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 136,454 189,371 325,825
DEPRECIATION
At 1 April 2023 107,479 122,235 229,714
Charge for year 4,346 27,816 32,162
At 31 March 2024 111,825 150,051 261,876
NET BOOK VALUE
At 31 March 2024 24,629 39,320 63,949
At 31 March 2023 28,975 67,136 96,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,557 47,048
Prepayments 6,097 5,600
61,654 52,648

Drainscan Limited (Registered number: 01017131)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,949 17,884
Amounts owed to group undertakings 4,942 5,841
Tax 21,000 500
Social security and other taxes 28,283 15,049
Other creditors 1,145 -
Accrued expenses 12,401 8,525
72,720 47,799

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 15,987 24,028

Deferred
tax
£   
Balance at 1 April 2023 24,028
Utilised during year (8,041 )
Balance at 31 March 2024 15,987

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Neal FCA CTA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

9. OTHER FINANCIAL COMMITMENTS

The company has a contingent liability in respect of a composite guarantee given to National Westminster Bank Plc to secure borrowings within the NIC Group Limited group of companies. At the balance sheet date, the net amount of the group liability was £Nil (2023: £Nil).

10. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is NIC Group Limited, Elizabeth House, Wigman Road, Bilborough, Nottingham, NG8 3HY. Copies of the consolidated financial statements of NIC Group Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.