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REGISTERED NUMBER: 08512688 (England and Wales)


















Druion Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Druion Ltd (Registered number: 08512688)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Druion Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A A Nyame





REGISTERED OFFICE: 2 Sixty Acres Close
Failand
Bristol
BS8 3UH





REGISTERED NUMBER: 08512688 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Druion Ltd (Registered number: 08512688)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,532 41,788

CURRENT ASSETS
Debtors 5 74,010 11,643
Cash at bank 63,970 71,445
137,980 83,088
CREDITORS
Amounts falling due within one year 6 (57,186 ) (28,477 )
NET CURRENT ASSETS 80,794 54,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,326

96,399

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 86,226 96,299
SHAREHOLDERS' FUNDS 86,326 96,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Mr A A Nyame - Director


Druion Ltd (Registered number: 08512688)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Druion Ltd 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.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

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 - 2 ) .

Druion Ltd (Registered number: 08512688)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 4,060 1,270 63,390 9,716 78,436
Additions - 170 - 3,141 3,311
Disposals - - (60,567 ) - (60,567 )
At 31 May 2024 4,060 1,440 2,823 12,857 21,180
DEPRECIATION
At 1 June 2023 1,895 723 25,236 8,794 36,648
Charge for year 808 243 565 1,570 3,186
Eliminated on disposal - - (24,186 ) - (24,186 )
At 31 May 2024 2,703 966 1,615 10,364 15,648
NET BOOK VALUE
At 31 May 2024 1,357 474 1,208 2,493 5,532
At 31 May 2023 2,165 547 38,154 922 41,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 74,010 11,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,791 333
Taxation and social security 52,937 24,063
Other creditors 1,458 4,081
57,186 28,477

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Druion Ltd (Registered number: 08512688)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr A A Nyame
Balance outstanding at start of year - -
Amounts advanced 45,238 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,238 -