IRIS Accounts Production v24.3.0.553 05096766 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050967662023-04-30050967662024-04-30050967662023-05-012024-04-30050967662022-04-30050967662022-05-012023-04-30050967662023-04-3005096766ns15:EnglandWales2023-05-012024-04-3005096766ns14:PoundSterling2023-05-012024-04-3005096766ns10:Director12023-05-012024-04-3005096766ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005096766ns10:SmallEntities2023-05-012024-04-3005096766ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005096766ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005096766ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005096766ns10:FullAccounts2023-05-012024-04-300509676612023-05-012024-04-3005096766ns10:Director32023-05-012024-04-3005096766ns10:RegisteredOffice2023-05-012024-04-3005096766ns5:CurrentFinancialInstruments2024-04-3005096766ns5:CurrentFinancialInstruments2023-04-3005096766ns5:Non-currentFinancialInstruments2024-04-3005096766ns5:Non-currentFinancialInstruments2023-04-3005096766ns5:ShareCapital2024-04-3005096766ns5:ShareCapital2023-04-3005096766ns5:RetainedEarningsAccumulatedLosses2024-04-3005096766ns5:RetainedEarningsAccumulatedLosses2023-04-3005096766ns5:NetGoodwill2023-05-012024-04-3005096766ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3005096766ns5:PlantMachinery2023-05-012024-04-3005096766ns5:NetGoodwill2023-04-3005096766ns5:NetGoodwill2024-04-3005096766ns5:NetGoodwill2023-04-3005096766ns5:LandBuildings2023-04-3005096766ns5:PlantMachinery2023-04-3005096766ns5:LandBuildings2023-05-012024-04-3005096766ns5:LandBuildings2024-04-3005096766ns5:PlantMachinery2024-04-3005096766ns5:LandBuildings2023-04-3005096766ns5:PlantMachinery2023-04-3005096766ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3005096766ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3005096766ns10:Director22023-05-012024-04-3005096766ns10:Director222023-04-3005096766ns10:Director222022-04-3005096766ns10:Director222023-05-012024-04-3005096766ns10:Director222022-05-012023-04-3005096766ns10:Director222024-04-3005096766ns10:Director222023-04-30050967661ns10:Director12023-04-30050967661ns10:Director12022-04-30050967661ns10:Director12023-05-012024-04-30050967661ns10:Director12022-05-012023-04-30050967661ns10:Director12024-04-30050967661ns10:Director12023-04-30
REGISTERED NUMBER: 05096766 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

DRF Electrical Limited

DRF Electrical Limited (Registered number: 05096766)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRF Electrical Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr N J Leak
Mrs A Leak





REGISTERED OFFICE: Metcalfe Road
Skippers Lane Industrial Estate
Middlesbrough
Co. Durham
TS6 6PT





REGISTERED NUMBER: 05096766 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

DRF Electrical Limited (Registered number: 05096766)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 16,715 19,715
Tangible assets 5 87,802 79,841
104,517 99,556

CURRENT ASSETS
Debtors 6 900,340 418,642
Cash at bank 257,827 240,925
1,158,167 659,567
CREDITORS
Amounts falling due within one year 7 304,827 113,997
NET CURRENT ASSETS 853,340 545,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,857

645,126

CREDITORS
Amounts falling due after more than one
year

8

(2,093

)

(2,889

)

PROVISIONS FOR LIABILITIES (20,759 ) (14,218 )
NET ASSETS 935,005 628,019

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 934,905 627,919
935,005 628,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DRF Electrical Limited (Registered number: 05096766)

Balance Sheet - continued
30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





Mr N J Leak - Director


DRF Electrical Limited (Registered number: 05096766)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

DRF Electrical 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

DRF Electrical Limited (Registered number: 05096766)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023 40,285
Charge for year 3,000
At 30 April 2024 43,285
NET BOOK VALUE
At 30 April 2024 16,715
At 30 April 2023 19,715

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 May 2023 87,755 81,443 169,198
Additions - 39,192 39,192
Disposals - (25,000 ) (25,000 )
At 30 April 2024 87,755 95,635 183,390
DEPRECIATION
At 1 May 2023 38,620 50,737 89,357
Charge for year 3,510 13,659 17,169
Eliminated on disposal - (10,938 ) (10,938 )
At 30 April 2024 42,130 53,458 95,588
NET BOOK VALUE
At 30 April 2024 45,625 42,177 87,802
At 30 April 2023 49,135 30,706 79,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Trade debtors 594,486 205,906
Amounts owed by group undertakings 180,210 -
Other debtors 125,644 212,736
900,340 418,642

DRF Electrical Limited (Registered number: 05096766)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Hire purchase contracts 11,456 4,333
Trade creditors 130,938 46,053
Taxation and social security 159,408 53,952
Other creditors 3,025 9,659
304,827 113,997

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£ £
Hire purchase contracts 2,093 2,889

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£ £
Mr D R Foster
Balance outstanding at start of year 89,204 -
Amounts advanced 24,006 89,516
Amounts repaid (113,210 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 89,204

Mr N J Leak
Balance outstanding at start of year - -
Amounts advanced 4,798 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,798 -

Interest has been charged on the above loan at 3%.