Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-05-01falseNo description of principal activity1true 08378950 2023-05-01 2024-04-30 08378950 2022-05-01 2023-04-30 08378950 2024-04-30 08378950 2023-04-30 08378950 2022-05-01 08378950 c:Director1 2023-05-01 2024-04-30 08378950 d:PlantMachinery 2023-05-01 2024-04-30 08378950 d:PlantMachinery 2024-04-30 08378950 d:PlantMachinery 2023-04-30 08378950 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08378950 d:MotorVehicles 2023-05-01 2024-04-30 08378950 d:MotorVehicles 2024-04-30 08378950 d:MotorVehicles 2023-04-30 08378950 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08378950 d:FurnitureFittings 2023-05-01 2024-04-30 08378950 d:FurnitureFittings 2024-04-30 08378950 d:FurnitureFittings 2023-04-30 08378950 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08378950 d:OfficeEquipment 2023-05-01 2024-04-30 08378950 d:OfficeEquipment 2024-04-30 08378950 d:OfficeEquipment 2023-04-30 08378950 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08378950 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08378950 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 08378950 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 08378950 d:CurrentFinancialInstruments 2024-04-30 08378950 d:CurrentFinancialInstruments 2023-04-30 08378950 d:Non-currentFinancialInstruments 2024-04-30 08378950 d:Non-currentFinancialInstruments 2023-04-30 08378950 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08378950 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08378950 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08378950 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08378950 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08378950 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08378950 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08378950 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08378950 d:ShareCapital 2023-05-01 2024-04-30 08378950 d:ShareCapital 2024-04-30 08378950 d:ShareCapital 2022-05-01 2023-04-30 08378950 d:ShareCapital 2023-04-30 08378950 d:ShareCapital 2022-05-01 08378950 d:RevaluationReserve 2023-05-01 2024-04-30 08378950 d:RevaluationReserve 2024-04-30 08378950 d:RevaluationReserve 2022-05-01 2023-04-30 08378950 d:RevaluationReserve 2023-04-30 08378950 d:RevaluationReserve 2022-05-01 08378950 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 08378950 d:RetainedEarningsAccumulatedLosses 2024-04-30 08378950 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 08378950 d:RetainedEarningsAccumulatedLosses 2023-04-30 08378950 d:RetainedEarningsAccumulatedLosses 2022-05-01 08378950 c:FRS102 2023-05-01 2024-04-30 08378950 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08378950 c:FullAccounts 2023-05-01 2024-04-30 08378950 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08378950 6 2023-05-01 2024-04-30 08378950 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08378950










DRAINBOSS PLUMBING AND DRAINAGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
REGISTERED NUMBER: 08378950

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
68,440
9,815

Investments
 6 
41,675
38,967

  
110,115
48,782

Current assets
  

Debtors: amounts falling due within one year
 7 
26,238
19,914

Cash at bank and in hand
  
2,520
942

  
28,758
20,856

Creditors: amounts falling due within one year
 8 
(88,718)
(40,254)

Net current liabilities
  
 
 
(59,960)
 
 
(19,398)

Total assets less current liabilities
  
50,155
29,384

Creditors: amounts falling due after more than one year
 9 
(16,626)
(26,898)

Provisions for liabilities
  

Deferred tax
  
(8,924)
(2,454)

  
 
 
(8,924)
 
 
(2,454)

Net assets
  
24,605
32


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
317
(2,391)

Profit and loss account
  
24,286
2,421

  
24,605
32


Page 1

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
REGISTERED NUMBER: 08378950
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






G Brown
Director

Date: 27 January 2025

The notes on pages 5 to 13 form part of these financial statements.

Page 2

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2023
2
(2,391)
2,421
32


Comprehensive income for the year

Profit for the year

-
-
19,157
19,157

Surplus on revaluation of other fixed assets
-
-
2,708
2,708


Other comprehensive income for the year
-
-
2,708
2,708


Total comprehensive income for the year
-
-
21,865
21,865


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
2,708
-
2,708


Total transactions with owners
-
2,708
-
2,708


At 30 April 2024
2
317
24,286
24,605


The notes on pages 5 to 13 form part of these financial statements.

Page 3

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2022
2
(4,011)
5,751
1,742


Comprehensive income for the year

Loss for the year

-
-
(1,710)
(1,710)

Deficit on revaluation of other fixed assets
-
-
(1,620)
(1,620)


Other comprehensive income for the year
-
-
(1,620)
(1,620)


Total comprehensive income for the year
-
-
(3,330)
(3,330)


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
1,620
-
1,620


Total transactions with owners
-
1,620
-
1,620


At 30 April 2023
2
(2,391)
2,421
32


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Drainboss Plumbing And Drainage Limited (registered number 08378950), is a private company limited by shares. It is incorporated in England & Wales. The registered office is 2 Redwood Drive, Haywards Heath, West Sussex, RH16 4ER.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in precious metals are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period in material.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 
Page 8

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the
Page 9

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Trademarks

£



Cost


At 1 May 2023
11,500



At 30 April 2024

11,500



Amortisation


At 1 May 2023
11,500



At 30 April 2024

11,500



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 10

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
6,822
27,000
22,700
2,228
58,750


Additions
-
63,901
-
3,876
67,777



At 30 April 2024

6,822
90,901
22,700
6,104
126,527



Depreciation


At 1 May 2023
5,529
24,241
18,930
235
48,935


Charge for the year on owned assets
323
6,656
942
1,231
9,152



At 30 April 2024

5,852
30,897
19,872
1,466
58,087



Net book value



At 30 April 2024
970
60,004
2,828
4,638
68,440



At 30 April 2023
1,293
2,759
3,769
1,994
9,815


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 May 2023
38,967


Revaluations
2,708



At 30 April 2024
41,675




Page 11

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
23,026
15,344

Other debtors
3,212
4,570

26,238
19,914



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,271
10,093

Trade creditors
44,798
-

Other taxation and social security
2,765
-

Other creditors
26,184
25,461

Accruals and deferred income
4,700
4,700

88,718
40,254



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,626
26,898

16,626
26,898


Page 12

 
DRAINBOSS PLUMBING AND DRAINAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,271
10,093


10,271
10,093

Amounts falling due 1-2 years

Bank loans
16,626
20,719


16,626
20,719

Amounts falling due 2-5 years

Bank loans
-
6,177


-
6,177


26,897
36,989


 
Page 13