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REGISTERED NUMBER: 09744738 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DRAINTECH TANKERS.COM LIMITED

DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)






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


DRAINTECH TANKERS.COM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J A Nicholson
Mr R J Simpson





REGISTERED OFFICE: 14 London Street
Andover
Hampshire
SP10 2PA





REGISTERED NUMBER: 09744738 (England and Wales)





ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA

DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 589,934 457,969

CURRENT ASSETS
Debtors 6 916,740 526,391
Cash at bank 284,092 70,515
1,200,832 596,906
CREDITORS
Amounts falling due within one year 7 629,963 345,877
NET CURRENT ASSETS 570,869 251,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,803

708,998

CREDITORS
Amounts falling due after more than
one year

8

(150,189

)

(213,182

)

PROVISIONS FOR LIABILITIES (146,573 ) -
NET ASSETS 864,041 495,816

DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 864,039 495,814
864,041 495,816

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:




Mr J A Nicholson - Director



Mr R J Simpson - Director


DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)

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

1. STATUTORY INFORMATION

Draintech Tankers.com 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Office and computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)

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

3. 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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Office
Improvements and
to Plant and Motor computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 11,846 652,261 76,000 2,868 742,975
Additions - 234,482 - 499 234,981
At 31 March 2024 11,846 886,743 76,000 3,367 977,956
DEPRECIATION
At 1 April 2023 2,326 228,729 51,566 2,385 285,006
Charge for year - 98,702 3,665 649 103,016
At 31 March 2024 2,326 327,431 55,231 3,034 388,022
NET BOOK VALUE
At 31 March 2024 9,520 559,312 20,769 333 589,934
At 31 March 2023 9,520 423,532 24,434 483 457,969

DRAINTECH TANKERS.COM LIMITED (REGISTERED NUMBER: 09744738)

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 813,005 483,664
Clanville Draintech Limited 17,573 32,727
Other debtors 830 -
Directors' current accounts 73,332 6,000
Prepayments 12,000 4,000
916,740 526,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,392 9,757
Hire purchase contracts 57,603 75,615
Trade creditors 282,547 93,548
Tax 113,554 -
Social security and other taxes 40,665 28,367
Net wages 4,209 4,209
Pension 2,811 1,145
VAT 116,739 69,368
Other creditors 243 -
Directors' current accounts - 62,668
Accrued expenses 1,200 1,200
629,963 345,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,757 9,757
Bank loans - 2-5 years 5,432 15,322
Hire purchase contracts 135,000 188,103
150,189 213,182

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors had overdrawn loan accounts at the year end. The amounts overdrawn at the year end were £56,000 and £17,332. These were the maximum amounts overdrawn during the year and were repaid within 9 months of the year end.