Company Registration No. 12554197 (England and Wales)
DRUM VENTURES LTD
Unaudited accounts
for the year ended 30 April 2024
DRUM VENTURES LTD
Unaudited accounts
Contents
DRUM VENTURES LTD
Company Information
for the year ended 30 April 2024
Company Number
12554197 (England and Wales)
Registered Office
17 High Street
Manea
March
Cambridgeshire
PE15 0JA
England
DRUM VENTURES LTD
Statement of financial position
as at 30 April 2024
Tangible assets
18,345
19,966
Cash at bank and in hand
145,320
214,979
Creditors: amounts falling due within one year
(209,226)
(184,700)
Net current assets
236,498
195,021
Net assets
280,094
240,238
Called up share capital
1
1
Profit and loss account
280,093
240,237
Shareholders' funds
280,094
240,238
For the year ending 30 April 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
Amy Tilley
Director
Company Registration No. 12554197
DRUM VENTURES LTD
Notes to the Accounts
for the year ended 30 April 2024
DRUM VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 12554197. The registered office is 17 High Street, Manea, March, Cambridgeshire, PE15 0JA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These accounts are to replace the original accounts, and are now the statutory accounts, they are prepared as they were at the date of the original accounts.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
These accounts are to replace the original accounts, and are now the statutory accounts, they are prepared as they were at the date of the original accounts.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
19,888
1,207
21,095
At 30 April 2024
19,888
4,040
23,928
At 1 May 2023
331
798
1,129
Charge for the year
3,978
476
4,454
At 30 April 2024
4,309
1,274
5,583
At 30 April 2024
15,579
2,766
18,345
At 30 April 2023
19,557
409
19,966
DRUM VENTURES LTD
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 1 May 2023
25,251
Valuation at 30 April 2024
25,251
Amounts falling due within one year
Trade debtors
130,155
47,605
Accrued income and prepayments
170,249
117,137
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
33,127
25,614
Taxes and social security
88,673
68,397
Other creditors
7,573
4,825
Loans from directors
284
(2,028)
8
Average number of employees
During the year the average number of employees was 17 (2023: 22).