Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08598021 Mr Sonny Wade Mrs Joanne Wade Mr Royston Wade Mr R Wade and Mrs J Wade true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08598021 2023-08-31 08598021 2024-08-31 08598021 2023-09-01 2024-08-31 08598021 frs-core:CurrentFinancialInstruments 2024-08-31 08598021 frs-core:Non-currentFinancialInstruments 2024-08-31 08598021 frs-core:FurnitureFittings 2024-08-31 08598021 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08598021 frs-core:FurnitureFittings 2023-08-31 08598021 frs-core:MotorVehicles 2024-08-31 08598021 frs-core:MotorVehicles 2023-09-01 2024-08-31 08598021 frs-core:MotorVehicles 2023-08-31 08598021 frs-core:PlantMachinery 2024-08-31 08598021 frs-core:PlantMachinery 2023-09-01 2024-08-31 08598021 frs-core:PlantMachinery 2023-08-31 08598021 frs-core:ShareCapital 2024-08-31 08598021 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08598021 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08598021 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08598021 frs-bus:SmallEntities 2023-09-01 2024-08-31 08598021 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08598021 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08598021 1 2023-09-01 2024-08-31 08598021 frs-bus:Director1 2023-09-01 2024-08-31 08598021 frs-bus:Director2 2023-09-01 2024-08-31 08598021 frs-bus:Director3 2023-09-01 2024-08-31 08598021 frs-countries:EnglandWales 2023-09-01 2024-08-31 08598021 2022-08-31 08598021 2023-08-31 08598021 2022-09-01 2023-08-31 08598021 frs-core:CurrentFinancialInstruments 2023-08-31 08598021 frs-core:Non-currentFinancialInstruments 2023-08-31 08598021 frs-core:ShareCapital 2023-08-31 08598021 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08598021
Drainmanlondon Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08598021
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,075 47,067
53,075 47,067
CURRENT ASSETS
Debtors 5 25,486 47,052
Cash at bank and in hand 39,018 30,711
64,504 77,763
Creditors: Amounts Falling Due Within One Year 6 (39,389 ) (59,067 )
NET CURRENT ASSETS (LIABILITIES) 25,115 18,696
TOTAL ASSETS LESS CURRENT LIABILITIES 78,190 65,763
Creditors: Amounts Falling Due After More Than One Year 7 (7,420 ) (11,468 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (10,084 ) (8,943 )
NET ASSETS 60,686 45,352
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 60,586 45,252
SHAREHOLDERS' FUNDS 60,686 45,352
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Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Royston Wade
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Drainmanlondon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08598021 . The registered office is 37A High Street, Hoddesdon, Herts, EN11 8TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.4. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 36,390 58,593 634 95,617
Additions - 23,700 - 23,700
As at 31 August 2024 36,390 82,293 634 119,317
Depreciation
As at 1 September 2023 20,426 27,490 634 48,550
Provided during the period 3,991 13,701 - 17,692
As at 31 August 2024 24,417 41,191 634 66,242
Net Book Value
As at 31 August 2024 11,973 41,102 - 53,075
As at 1 September 2023 15,964 31,103 - 47,067
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,486 47,052
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 738 -
Bank loans and overdrafts 3,794 3,544
Other creditors 22,049 20,376
Taxation and social security 12,808 35,147
39,389 59,067
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,420 11,468
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,084 8,943
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Directors' Loan Accounts

Directors' Loan Accounts

At balance sheet date, the company owed £7,539 (£8,206 - 2023) to Mr R Wade and Mrs J Wade, who are directors and shareholders of the company.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Wade and Mrs J Wade by virtue of their ownership of 100% of the issued share capital in the company.
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