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REGISTERED NUMBER: 07309178 (England and Wales)















ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED (REGISTERED NUMBER: 07309178)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED

COMPANY INFORMATION
For The Year Ended 31 JULY 2024







DIRECTOR: P A Smith





REGISTERED OFFICE: 53 Aviemore Crescent
Great Barr
Birmingham
West Midlands
B43 7QA





REGISTERED NUMBER: 07309178 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED (REGISTERED NUMBER: 07309178)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,844 30,353

CURRENT ASSETS
Debtors 5 19,625 39,377
Cash at bank and in hand 154,831 166,317
174,456 205,694
CREDITORS
Amounts falling due within one year 6 56,456 60,744
NET CURRENT ASSETS 118,000 144,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,844

175,303

CREDITORS
Amounts falling due after more than one
year

7

-

(4,038

)

PROVISIONS FOR LIABILITIES (4,720 ) (7,304 )
NET ASSETS 138,124 163,961

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 138,123 163,960
SHAREHOLDERS' FUNDS 138,124 163,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:




P A Smith - Director


ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED (REGISTERED NUMBER: 07309178)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 JULY 2024


1. STATUTORY INFORMATION

All Drain Solutions (Midlands) 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 the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due.

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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

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 3 (2023 - 4 ) .

ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED (REGISTERED NUMBER: 07309178)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 90,204
Additions 2,850
At 31 July 2024 93,054
DEPRECIATION
At 1 August 2023 59,851
Charge for year 8,359
At 31 July 2024 68,210
NET BOOK VALUE
At 31 July 2024 24,844
At 31 July 2023 30,353

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 56,158
Transfer to ownership (24,213 )
At 31 July 2024 31,945
DEPRECIATION
At 1 August 2023 32,445
Charge for year 4,492
Transfer to ownership (18,467 )
At 31 July 2024 18,470
NET BOOK VALUE
At 31 July 2024 13,475
At 31 July 2023 23,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 19,625 25,568
Other debtors - 13,809
19,625 39,377

ALL DRAIN SOLUTIONS (MIDLANDS) LIMITED (REGISTERED NUMBER: 07309178)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 3,625 5,773
Trade creditors 2,615 -
Taxation and social security 13,854 19,685
Other creditors 36,362 35,286
56,456 60,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 4,038

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 3,625 9,811

The hire purchase contracts are secured on the relevant assets.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Smith.