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REGISTERED NUMBER: 06819124 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

U Drain Limited

U Drain Limited (Registered number: 06819124)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U Drain Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs N McCarthy





REGISTERED OFFICE: Ollerbarrow House
209-211 Ashley Road
Altrincham
Cheshire
WA15 9SQ





REGISTERED NUMBER: 06819124 (England and Wales)





ACCOUNTANTS: Beaumont Taxation Services
15 Turnberry
Bolton
BL3 4XJ

U Drain Limited (Registered number: 06819124)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,181 37,990
Tangible assets 5 8,814 124
44,995 38,114

CURRENT ASSETS
Stocks 4,800 4,800
Debtors 6 47,846 47,679
Cash at bank 21,931 21,592
74,577 74,071
CREDITORS
Amounts falling due within one year 7 20,990 10,983
NET CURRENT ASSETS 53,587 63,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,582

101,202

CREDITORS
Amounts falling due after more than
one year

8

477,692

478,197
NET LIABILITIES (379,110 ) (376,995 )

U Drain Limited (Registered number: 06819124)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (379,210 ) (377,095 )
(379,110 ) (376,995 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 November 2024 and were signed by:





Mrs N McCarthy - Director


U Drain Limited (Registered number: 06819124)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

U Drain 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

15% reducing balance

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.


U Drain Limited (Registered number: 06819124)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 54,271
AMORTISATION
At 1 March 2023 16,281
Charge for year 1,809
At 29 February 2024 18,090
NET BOOK VALUE
At 29 February 2024 36,181
At 28 February 2023 37,990

U Drain Limited (Registered number: 06819124)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 146
Additions 10,245
At 29 February 2024 10,391
DEPRECIATION
At 1 March 2023 22
Charge for year 1,555
At 29 February 2024 1,577
NET BOOK VALUE
At 29 February 2024 8,814
At 28 February 2023 124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,995 6,668
Other debtors 42,851 41,011
47,846 47,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,003 2,425
Trade creditors 1,533 -
Taxation and social security 11,121 8,558
Other creditors 7,333 -
20,990 10,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 477,692 478,197