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REGISTERED NUMBER: 05477412 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

DropCap Limited

DropCap Limited (Registered number: 05477412)






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


DropCap Limited

Company Information
for the year ended 31 July 2024







DIRECTOR: Ms R C M Skene





SECRETARY: MP Secretaries Limited





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 05477412 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

DropCap Limited (Registered number: 05477412)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106 141

CURRENT ASSETS
Debtors 5 2,410 3,940
Cash at bank 8,628 11,167
11,038 15,107
CREDITORS
Amounts falling due within one year 6 4,623 6,129
NET CURRENT ASSETS 6,415 8,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,521

9,119

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,421 9,019
SHAREHOLDERS' FUNDS 6,521 9,119

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





Ms R C M Skene - Director


DropCap Limited (Registered number: 05477412)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

DropCap 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.
Plant and machinery etc - 25% on reducing balance, 20% on cost and straight line over 3 years

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 19,357
Disposals (2,220 )
At 31 July 2024 17,137
DEPRECIATION
At 1 August 2023 19,216
Charge for year 35
Eliminated on disposal (2,220 )
At 31 July 2024 17,031
NET BOOK VALUE
At 31 July 2024 106
At 31 July 2023 141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 2,410 3,940

DropCap Limited (Registered number: 05477412)

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
£    £   
Tax 3,479 4,855
Directors' current accounts 4 74
Accrued expenses 1,140 1,200
4,623 6,129

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100