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Company No: 07278637 (England and Wales)

DRUITTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

DRUITTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

DRUITTS LIMITED

BALANCE SHEET

As at 30 September 2024
DRUITTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 36,992 48,525
36,993 48,526
Current assets
Debtors 5 191,912 180,917
Cash at bank and in hand 287,508 328,966
479,420 509,883
Creditors: amounts falling due within one year 6 ( 112,685) ( 106,411)
Net current assets 366,735 403,472
Total assets less current liabilities 403,728 451,998
Provision for liabilities ( 9,250) ( 12,200)
Net assets 394,478 439,798
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 394,477 439,797
Total shareholder's funds 394,478 439,798

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Druitts Limited (registered number: 07278637) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

C G Clifford
Director
DRUITTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
DRUITTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Druitts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Borough Chambers, Fir Vale Road, Bournemouth, BH1 2JE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the period excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed. Turnover is not recognised where the right to receive payment is contingent upon events outside of the control of the company at the dates these financial statements are approved. Unbilled turnover is included in debtors as "Other debtors".

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 1 - 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line
15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 1 1
At 30 September 2024 1 1
Accumulated amortisation
At 01 October 2023 0 0
At 30 September 2024 0 0
Net book value
At 30 September 2024 1 1
At 30 September 2023 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 158,456 158,456
Additions 3,693 3,693
At 30 September 2024 162,149 162,149
Accumulated depreciation
At 01 October 2023 109,931 109,931
Charge for the financial year 15,225 15,225
adj 1 1
At 30 September 2024 125,157 125,157
Net book value
At 30 September 2024 36,992 36,992
At 30 September 2023 48,525 48,525

5. Debtors

2024 2023
£ £
Trade debtors 86,891 92,539
Other debtors 105,021 88,378
191,912 180,917

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 86,638 81,585
Other creditors 26,047 24,826
112,685 106,411

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1