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REGISTERED NUMBER: 09276033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DRAINS UK 2000 (LINING) LIMITED

DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DRAINS UK 2000 (LINING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs J Smales
C Smales
B Wetherell





SECRETARY: Mrs J Smales





REGISTERED OFFICE: 21 Vicarage Lane
York
North Yorkshire
YO19 4RS





REGISTERED NUMBER: 09276033 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 347,091 326,932

CURRENT ASSETS
Debtors 5 684,553 678,647
Cash at bank 187,961 157,401
872,514 836,048
CREDITORS
Amounts falling due within one year 6 (256,692 ) (258,092 )
NET CURRENT ASSETS 615,822 577,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,913

904,888

CREDITORS
Amounts falling due after more than one
year

7

(75,925

)

(139,403

)

PROVISIONS FOR LIABILITIES (86,773 ) (58,317 )
NET ASSETS 800,215 707,168

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 800,185 707,138
800,215 707,168

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

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

DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)

BALANCE SHEET - continued
31ST 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 2nd September 2024 and were signed on its behalf by:





Mrs J Smales - Director


DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Drains UK 2000 (Lining) 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 795,448
Additions 120,799
At 31st March 2024 916,247
DEPRECIATION
At 1st April 2023 468,516
Charge for year 100,640
At 31st March 2024 569,156
NET BOOK VALUE
At 31st March 2024 347,091
At 31st March 2023 326,932

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

Plant and
machinery
etc
£   
COST
At 1st April 2023 400,590
Transfer to ownership (37,476 )
At 31st March 2024 363,114
DEPRECIATION
At 1st April 2023 211,604
Charge for year 43,294
Transfer to ownership (21,666 )
At 31st March 2024 233,232
NET BOOK VALUE
At 31st March 2024 129,882
At 31st March 2023 188,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 487,892 469,174
Other debtors 196,661 209,473
684,553 678,647

DRAINS UK 2000 (LINING) LIMITED (REGISTERED NUMBER: 09276033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 74,020 77,662
Trade creditors 135,657 137,780
Taxation and social security 31,559 40,040
Other creditors 15,456 2,610
256,692 258,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 75,925 139,403

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £13,570 owing to the directors of the company. No interest is charged to the company in respect of this amount and there are no fixed terms for repayment.