Registered number
04760954
Drayton Builders Limited
Filleted Accounts
31 May 2024
Drayton Builders Limited
Registered number: 04760954
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 25,425 37,061
Creditors: amounts falling due within one year 3 (8,130) (11,503)
Net current assets 17,295 25,558
Total assets less current liabilities 17,295 25,558
Creditors: amounts falling due after more than one year 4 (30,000) (36,000)
Net liabilities (12,705) (10,442)
Capital and reserves
Called up share capital 100 100
Profit and loss account (12,805) (10,542)
Shareholder's funds (12,705) (10,442)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Kuligowski
Director
Approved by the board on 30 December 2024
Drayton Builders Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,500 9,000
Trade creditors - 1,693
Taxation and social security costs (24) (24)
Other creditors 654 834
8,130 11,503
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,000 36,000
5 Other information
Drayton Builders Limited is a private company limited by shares and incorporated in England. Its registered office is:
329 Hunts Cross Avenue
Liverpool
L25 8SY
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